Often, it’s the Board administrator or secretary of the company that advocates an organization’s portal. This is usually due to their recognition of the potential for greater efficiency and improved governance practices. They also recognize the savings in time that can be made by reducing administrative duties. This is important since research shows that document issues are responsible for 21.3 percent of the productivity loss in meetings.
It is essential that the portal platform you select offers the highest level of security. Data encryption and security rights that meet global board portal software privacy and security standards are included. Additionally, a thorough audit trail is crucial for meeting the needs of organisations operating in regulated environments.
Your chosen portal provider should also provide support 24 hours a day, 7 days a week. This is crucial for those who are unfamiliar with board portals and require help in understanding the complexities of processes. Look for portals with an established track record of customer support, and have been acknowledged by the industry.
The benefits of a well-designed board portal are substantial. They can reduce administrative burdens, enhance collaboration, and help you stay on top of regulatory requirements. In a world where every dollar counts, your organization must cut costs as much as it can. Utilize our online calculator to find out how much you could save by switching to the board portal.