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Conducting a Board Portal Software Comparison

The board portal is an important component of a company’s governance tools. It is used by boards, committees and executive leadership teams to improve meeting workflows, collaborate confidently with security features in place and ensure that they are aligned on strategic decision-making. It cuts down on time and costs spent on materials for boards. The numerous companies offering board software that provide solutions can make it difficult for companies to choose the best tool. An effective method to narrow down options is to conduct a board portal software comparison. This can include assessing the security levels as well as desired tools for managing the board and the quality of service/support.

Know Your Needs

To begin the process, decide on what is most important to your board portal. This will include assessing the number of board members you will have and what kind of information you will need to disclose. Identify the features that are needed to meet these requirements (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). This information can be used to evaluate board portals and select the one that best meets the needs of your company.

How to evaluate the security of your board portal

A high security level is a must for board meetings, since they are where confidential and sensitive documents. To ensure that your portal is as safe as it can be make sure you choose a platform that has encrypted confidential files to guard against hacks and data theft. Additionally, a site that has an audit trail will allow you to trace who has accessed and edited documents.

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