It’s typically the Board administrator, secretary of the company or assistant to the chairperson who advocate a portal solution for their organisation. It’s usually because they see the potential for better governance and improved efficiency. They also recognize the time savings in the reduction of administrative tasks, particularly those that involve the preparation of documents. It is important to know that research shows that issues with documents contribute to 21,3% of the productivity loss in meetings.
It is essential that the platform you select offers a high degree of security. This includes data encryption as well as appropriate security authorizations that meet the global privacy and security standards. A solid audit trail is vital for businesses operating in controlled environments.
The portal you choose should also offer 24/7/365 support. This is especially important for those who are new to the world of board portals and require help navigating unfamiliar processes. Look for portals that have an extensive track record of client support and have earned industry recognition.
The benefits of a well-designed board portal are substantial. They can reduce administrative costs, enhance collaboration, and ensure you’re in compliance with regulatory requirements. In a world in which every dollar counts, your organisation must cut costs as much as it can. You can make use of our calculator online to find out how much money you could save by switching to a board portal.