After major financial scandals rocked the industries and investors lost billions of dollars, organizations began seeking ways to improve transparency and accountability. Board portals, also referred to as second generation portals https://ubisurfer.com/unlocking-efficiency-in-real-estate-transactions-the-role-of-real-estate-data-rooms/ were created to enable secure communication and document sharing between board members, while also facilitating meetings.

Technology has evolved and now includes additional features that help board directors communicate better before, during and after meetings and make better decisions. However not all portals are created equal, and it is important to understand what tools your board actually requires in comparison to what it would be nice to have.

If your business is looking to upgrade to a brand new board management system or purchase the first software available it is crucial to identify what features are essential to ensure satisfaction of users and strong return on investment. To assist you in the process of selecting the best platform for your needs this article will outline key must-have onboard board management software features.

A dedicated meeting agenda builder is one of the most useful features. The use of this feature will reduce the necessity of sharing the agenda via email, and ensures that every board member receives an electronic copy of the meeting agenda. In addition having a task manager who lets secretaries assign tasks to each board member, helps everyone stay accountable for their responsibilities.

A secure document center is a must-have feature that houses all of the board’s files in one location. This tool eliminates the requirement for board members send files via email or upload them to other file hosting services, like Dropbox or Google Drive It gives security of knowing that confidential information is secure from unpermitted users.