Conducting a Board Portal Software Comparison
The board portal is a crucial element of an organization’s governance tools. It is utilized by committees, boards and executive leadership teams to improve meeting workflows, and collaborate using security features and ensure that they are aligned on strategic decisions. It also reduces the time and cost of physical board materials. It isn’t easy for companies to choose the right tool due to the many board software vendors. Comparing software for board portals is a smart way to narrow down your options. This includes assessing security levels and desired tools for managing boards and the quality of service/support.
Decide Your Needs
Choose what is most important to you for your board portal. This will include assessing the number of board members and the type of information that you will be sharing. Determine the features required to meet these needs (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). This information can be used to assess board portals, and select the one that best meets your company’s needs.
How can you evaluate the security level of your board portal
A high security level is a must for board meetings, as they discuss sensitive and confidential documents. Make sure you choose a platform that utilizes encrypted confidential files in order to shield your website from hacking and data theft. Additionally, a portal which has an audit trail can allow you to trace who has opened and edited documents.
