After major corporate financial scandals rocked industries and investors lost billions of dollars, companies began to look for ways to improve transparency accountability, disclosure, and accountability. Board portals, then known as second generation portals were designed to secure communication and sharing of documents between board members while facilitating meetings.

The technology has advanced to include additional features to help board directors communicate better before, during, and after meetings, and take more informed decisions. However, not all portals are created equal, and it is important to determine what tools your board actually needs as opposed to what you would like to have.

If your company is contemplating its first purchase of a board https://ubisurfer.com/unlocking-efficiency-in-real-estate-transactions-the-role-of-real-estate-data-rooms/ management software or upgrading to a new solution, it’s important to evaluate which features are critical for a smooth user experience and a strong return on investment (ROI). To assist you in the process of choosing the right portal for your needs this article will outline the essential software features.

One of the most important features is a dedicated meeting agenda builder. This feature will eliminate the need for sharing meeting materials via email and ensures that all board members have an agenda with the final date. In addition having a dedicated task manager that allows secretaries to assign tasks to each board member helps everyone to be accountable for the responsibilities they have been assigned.

Another feature that is essential is an encrypted document center that stores all of the board’s documents all in one location. This tool allows board members to not email or upload files to other hosting services like Dropbox or Google Drive. It also gives them peace of mind knowing that their sensitive information is safe from any unauthorised users.