After financial scandals that rocked the industries and investors lost billions of dollars, organizations began seeking ways to improve transparency and accountability. Board portals – also known as second generation portals – were designed to ensure secure communication and document sharing between board members, as well as facilitating meetings.

The technology has evolved to include additional features that aid board directors to communicate better prior to, during, and after meetings, and take more informed decisions. Not all portals are created equal and it’s crucial to know which tools your board requires and what features you would like to have.

If your business is considering its first board management software purchase or upgrading to a new software, it’s crucial to consider what features are crucial to a smooth user experience and a substantial return on investment (ROI). This article will help you choose the best option to meet your needs. It will highlight the important features that need to be included in board management software.

One of the most important features to have is a dedicated agenda maker. The use of this feature will reduce the necessity of sharing meeting materials through email https://ubisurfer.com/unlocking-efficiency-in-real-estate-transactions-the-role-of-real-estate-data-rooms/ and ensures that every board member receives an exact copy of the agenda. A dedicated task manager allows secretaries assign tasks to board members, which assists everyone stay on track.

A secure document center is another essential feature that keeps all of the board’s files in one location. Utilizing this tool eliminates the need for board members to email or upload documents to other file-hosting platforms, such as Dropbox or Google Drive It also provides the peace of mind that sensitive information is secured from unauthorised users.