A virtual board and data storage portal is a software application for governance that lets users communicate and collaborate digitally in a protected environment. It also includes document storage, messaging capabilities, voting functions and record storage. It is a great choice for businesses that wish to streamline board meeting processes and increase the efficiency of directors.
A board portal lets directors easily access the most recent information prior to and during meetings. This improves the way they make decisions. Directors can also comment and collaborate on files in real-time which eliminates the need to look through old emails or sift through piles of physical documents. In an age where boards are becoming more diverse and distributed, having the ability to share, view and comment on files in real-time regardless of where they are can be extremely useful.
It is crucial to take into consideration the requirements of both your administrators and directors when selecting the best board portal. It is also essential to choose a solution with a user-friendly design as well as excellent customer service. The solution must be scalable, and offer both annual and monthly pricing that can be adapted to your budget.
Additionally you should be able observe the activity of individual users. You should be able reducing the time for approval of documents to see what documents an employee has looked at and when. This ensures that confidential information will not be shared or divulged to unauthorized parties, and improves accountability.