In an age where time is of the most critical importance, the effectiveness of a board portal has a major impact on a business’s efficiency and overall governance. Board management software offers many advantages to businesses in order to improve decision-making and board meetings, including streamlined communication and document distribution, minutes of meetings, and much more.
A board portal lets boards quickly distribute and review documents, which saves time. Directors can access board information from any place using an easy-to-use interface. They don’t need to print out documents or go through long email threads. This enables organizations to cut their printing costs and environmental impact.
Board members can quickly view and comment on documents prior to the meeting, reducing time that is spent in meetings. Preparing for meetings can take days. With automated processes within a board portal this can be reduced to a few hours.
Following the meeting, one click converts agenda items to draft minutes and Board Book for simple sharing. Boards can continue their work in between meetings by using actions items, voting or surveys. The possibility of accessing board documents anytime, anywhere helps to increase the engagement of board members.
Non-profit organizations can use an online board portal to oversee volunteer activities and member duties and tasks, ensuring efficient assignment of tasks and clear communication. They can also store and analyze data to make informed choices, monitor compliance requirements, and monitor the results and activities. The portals include an online repository for documents and can be used for more efficient Freedom of Information (FOI).