Conducting a Board Portal Software Comparison

The board portal is a crucial tool in the governance of an company. Boards, committees and executive leadership teams use it to improve the workflow of meetings. They can collaborate with confidence thanks to the security functions, and align on strategic decisions. It also cuts down on costs and time spent on physical board materials. It can be difficult for organizations to select the right tool due to the many software companies that offer board management. Comparing software for board portals is a great method to narrow the choices. This includes assessing security levels as well as desired tools for managing the board and service/support quality.

Assess Your Needs

Determine what is important to you in your board portal. This will include assessing how many board members are involved and what type of information you will need to share. Consider the features needed to meet these requirements (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). This information can later be used to assess board portals and select the one that best fits your company’s requirements.

Assessing the Security Level of Your Board Portal

A high security level is a must for board meetings as they are where confidential and sensitive documents. Choose a system that uses encrypted confidential files in order to protect your website from data theft and hacking. A portal that has an audit trail lets you to keep track of who has accessed or edited your documents.

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