Board portals are a one-stop platform for directors and administrators to work together to plan for meetings and share information, organize tasks, and collaborate. They offer a variety tools to boost productivity, such as in-app messaging and task management, allowing access to historical documents, as well as personal dashboards. This helps keep Boards active in the governance of the company and help improve the impact of the organisation.
Switching from paper to a digital solution will save time and money as well as the environment resources. This also reduces logistical costs like printing and postage. This will cut down on the time and effort needed to complete administrative tasks like preparing materials for meetings, coordinating with directors, and distributing documents. The time saved can be better utilized for other tasks that produce more strategic results for the company.
Using board portals for meetings can minimize the risks associated with sharing sensitive information with external stakeholders. This is particularly 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 and is designed to withstand attacks of hacking, phishing and data leaks with full data encryption and advanced security controls.
Portals are accessible at any time and anywhere’, which allows directors to access information from any device. They can also work on tasks while in motion without affecting workflow or ignoring important updates. This provides them with the freedom to make the most of their time and help the company grow.