Board Portal is a software application that facilitates sharing of documents, data and other information in a safe online environment. Typically, this is a central repository for board documents that is accessible to directors and other stakeholders from any location. It also includes a range of tools that enable directors to interact and collaborate during meetings, which results in better governance and better decision-making.
A third-generation portal is designed to be secure, easy to access via any device. Its technology makes it easier to prepare for meetings and decreases the amount of time governance specialists have to look through books on board or emails. It can even reduce the number of meetings that have to be scheduled, allowing to make more efficient utilization of resources from business and an improved corporate culture.
A good service provider will be able to comprehend the specific challenges and requirements of a board, and provide a solution that is easy for users to install and use. It should also provide extensive support, including training and documentation for novice users. Furthermore, it must offer a flexible pricing model to ensure that the solution is able to be implemented and used within the budgetary constraints of the organization. A reliable service will increase the efficiency and effectiveness of the boardroom as well as the governance function. It will also help boards to remain flexible and responsive in the VUCA world.
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