Most often, it’s the Board administrator or secretary of the company that advocates an organization’s portal. This is usually because they see the potential for better governance and increased efficiency. They also realize the time savings associated with cutting down on administrative tasks, specifically those that involve document preparation. It is important to keep in mind that research has shown that issues with documents contribute to 21,3% of the productivity loss that occurs in meetings.
It’s essential that your chosen portal platform offers a high level of security. This includes data encryption as well as appropriate security permissions that satisfy the international standards for privacy and security. Additionally, a strong audit trail is crucial to meet the requirements of companies operating in controlled environments.
Additionally the portal provider you select must provide 24/7/365 support service. This is particularly important for people who are new to board portals and require assistance in understanding the complexities of processes. Choose a portal that has a proven track record in customer support and have been recognized by the industry.
A well-implemented portal for the board can offer many benefits. They can ease administrative burdens, boost collaboration and help you stay on top of regulatory requirements. In a world in which every dollar counts, your organisation should be able to save as much money as it can. You can use our online calculator to figure out the amount of savings you could make by switching to board portal.
