Board portals provide a complete platform for administrators and directors working together to prepare for meetings as well as share information, manage tasks, and collaborate. They provide a variety of tools to increase productivity, such as in-app messaging and task management, accessing historical documents, as well as personal dashboards. This makes it easier for Boards to be involved in company governance and contribute to the impact of their organization.
Switching from paper-based solutions to digital ones it will save you time and money as well as resources for the environment. This can also cut down on logistical expenses, such as printing and postage. This can drastically reduce the amount of time and effort required to carry out administrative tasks like the preparation of meeting materials, communication with directors, and distribution of documents. The time saved could be used for other tasks that result in more strategic results for your company.
The use and utilization of board portals during meetings can help reduce the risk of sharing sensitive data with outside stakeholders. This is especially important in keeping in compliance with regulatory agencies like the Securities and Exchange Commission. A well-designed board portal comes with an extensive security framework that is built to withstand attacks of hacking, phishing and leaks of information, using full data encryption and advanced security controls.
Portals are available ‘anytime and anywhere’, which allows Directors to access their information from any device. They can also complete tasks while in motion, without disrupting workflow or missing important updates. This allows them to make the most of their time and contribute to the growth of the company.