A modern board portal is an essential tool for businesses, helping to save time and money while also aiding better communication between leadership teams. Finding the best solution can be difficult with so many suppliers on the marketplace. This article provides a list of key questions to ask potential suppliers to ensure you select the best solution for your business.

It is crucial that the company providing your board portal is open about their plans and open to feedback from users. This is particularly important given the ever-present threat of cyberattacks which McAfe estimates will cost businesses more than $1 trillion per year.

Look for a platform for board meetings that can be used by all members, no matter how tech-savvy they are. This will save admins’ time during training and onboarding, and facilitate more efficient board meetings. To simplify your governance processes, choose a platform that comes with powerful dashboards, calendars integrations and electronic signatures.

During preparation for meetings, directors are often required to take notes and annotations on documents they’re studying. It’s vital that your chosen board management software allows for this, and that it comes with the necessary audit trails in order to ensure any future disputes are resolved quickly and easily.

The board portal should have a questionnaire option to assist you with your annual D&O processes, as well as COI surveys. They should be easy to use and offer a quick turnaround time for members and https://usboardroom.com/5-barriers-to-advancing-diversity-inclusion-and-equity-within-boards/ administrators. It is also recommended to look for a system with permanent purge so that any annotations or remarks are removed from your portal after the meeting is over and the document is no longer needed to be used.