Board portals provide an all-in-one platform for directors and administrators to work together to plan for meetings, share information, manage tasks and collaborate. They provide a variety of tools that can improve productivity, such as in-app messaging and task management, access to old documents and personal dashboards. This makes it easier to keep Boards active in company governance and to help improve the impact of the organisation.
When you switch from paper-based solutions to digital ones, you can save time, money and resources for the environment. This also lowers costs associated with logistics, such as printing and postage. This will significantly cut down on the amount of time and effort needed to carry out administrative tasks such as the preparation of meeting materials, communication with directors, and distributing documents. The time saved can be better spent on other tasks that yield more strategic results for the company.
The use of board portals for meetings can lower the risk of sharing sensitive information with external stakeholders. This is particularly crucial when it comes to ensuring compliance with regulatory agencies such as the Securities and Exchange Commission. A well-designed board portal has an extensive security framework and is designed to withstand hacking attacks, phishing, and leaks of data. It has full data encryption and advanced security controls.
Portals are accessible “anytime and anywhere’, allowing Directors to access information from various devices. It also allows them to perform tasks on the go without disrupting their workflows or missing important updates. This provides them with the ability to make the most of their time and help to boost the company’s performance.
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