After financial scandals that affected the entire industry and investors lost billions of dollars, businesses began seeking ways to improve transparency and accountability. Board portals – referred to as second generation portals – were designed to allow secure communication and document sharing between board members, as well as facilitating meetings.

Technology has advanced and now includes additional features that allow board directors communicate more effectively in between and after meetings and make better decisions. Not all portals are the same and it is important to understand which tools your board requires and what features you would like to have.

Whether your organization is considering its first purchase of board management software or upgrading to a more modern solution, it’s important to assess what features are crucial to an easy user experience and a strong return on investment (ROI). This article will assist you in choosing the best platform to meet your needs. It will provide most important features that should be included in board management software.

A built-in agenda maker for meetings is among the most useful features. It reduces the need to share meeting materials through email and ensures that all board members receive a copy of the final agenda. A dedicated task manager allows secretaries to assign tasks to board members, which helps everyone stay accountable.

Another important feature to have is a secure document center that stores all board documents in one place. This tool lets board members avoid emailing or uploading files to other https://ubisurfer.com/unlocking-efficiency-in-real-estate-transactions-the-role-of-real-estate-data-rooms/ file hosting services, such as Dropbox or Google Drive. It also provides them with peace of mind knowing that their personal data will be secured from users who are not authorized.