Board portals offer an all-in-one platform for administrators and directors to work together to prepare for meetings and share information, manage tasks, and collaborate. They provide a variety of tools to boost productivity, including in-app messaging and task management, accessing historical documents, as well as personal dashboards. This makes it easier to keep Boards involved in corporate governance and contribute to organisational impact.
Switching from paper to a digital system will save time as well as money and environmental resources. This also reduces logistical costs such as printing and postage. This can drastically cut down the amount of time and effort needed to perform administrative duties such as making meeting materials, coordinating with directors, and disseminating documents. The time saved can be better utilized for other tasks that generate more strategic results for the business.
Using board portals to hold meetings can reduce risks associated with sharing sensitive information with external stakeholders. This is particularly crucial when it comes down to ensuring compliance with regulatory agencies like the Securities and Exchange Commission. A well-designed web portal is equipped with a solid security system that can withstand hacking, phishing attacks and leaks of data. It also comes with full encryption of data and has granular 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 on the move, without disrupting workflow or ignoring important updates. This provides them with the freedom to maximize their time and aid in the growth of the company.