Conducting a Board Portal Software Comparison

The board portal is a crucial element of an organization’s management tools. Boards, committees and executive leadership teams use it to improve the workflow of meetings. They are able to collaborate with confidence because of the security features, and align on strategic decisions. It reduces the time and cost of board materials. It can be a challenge for businesses to choose the right tool due to the many different software providers for boards. An effective method to narrow your choices is by conducting a comparison of the board portal software. This includes evaluating the security level, desired tools for managing boards and support and service.

Determine Your Needs

To begin the process start by deciding on what is most important for your board portal. This will include looking at the number of board members and the type of information you will be sharing. Consider the features required to meet these needs (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). The data you’ve collected can be used to assess the different portals available to board members and choose one that meets your company’s requirements.

How to evaluate the security of your board portal

Board meetings must have a high level of security, since they will be discussing sensitive and confidential documents. Look for a system which uses encrypted confidential files to protect your portal from data theft and hacking. Furthermore, a portal that has an audit trail that allows you to see who has access to and edited your documents.

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