The Benefits of Board Portals
Board portals offer advantages that go beyond the digitization of paper documents. They allow directors to plan meetings, manage tasks, and work with other members.
When a director gets an email from the company secretary advising that the documents for the board are available on the portal, she is able to go through them over the weekend, or Tuesday afternoon, to ensure she is ahead of the agenda and take notes about important issues or questions. Additionally, she can use real-time analytics available on the portal https://boardrights.com/5-major-benefits-of-board-portals-you-should-know/ to understand how directors interact with the material prior to the meeting and how long they spend on each document or component.
This is especially helpful for directors who have their schedules and have limited time to dedicate to the board. A well-designed and designed board portal can be access at any time from any device. And, because most board members are already using their devices to access other online services It doesn’t require a significant learning curve to navigate.
When evaluating different companies it is important to consider other features. While user-friendliness is a major factor for most directors, it’s not the only one. Some portals, for example allow directors to vote and record their decisions. This is time-saving for the secretary and lets the board make changes between meetings.
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