The use of software for board portals has become a standard element for companies that wish to streamline their meeting management processes, increase productivity and improve governance. This trend is globally-wide and is fueled by many factors, including an increasing demand for transparency and risk reduction from regulatory bodies, a rise in the number of technology-literate directors joining boards, and the capability to reduce costs through efficiency gains.
The extensive capabilities of modern board portals ensures that board members can manage everything they require for their meetings in a single platform. They can reduce costs and time by using a single platform for tasks like communication, document management and voting. This lets them concentrate more on meeting preparation and delivering high-quality information that can help in the success of board meetings.
Board members need to be able to access most up-to-date documents and data analysis to make informed decisions that align with the goals of their business. Digital board portals let directors work on documents and share comments with others simultaneously regardless of location or device. They also offer the option to cast votes anonymously on sensitive issues.
The ‘anytime, wherever’ remote accessibility that is provided by modern board portals allows directors to log on from any device and location and without the need for special software or app downloads. They can work from home at a restaurant, from an airport, or on the move.
