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A modern board portal can be a beneficial tool for businesses, allowing them to save them time and money. It also facilitates better communication between the leadership groups. Finding the best solution can be challenging with the number of providers on the market. This article provides a list of key questions to ask potential suppliers to ensure you choose the best solution for your organisation.

It is crucial that the service provider of your board portal is transparent about their plans and open to feedback from users. This is especially crucial given the ever-present threat of cyberattacks that McAfe estimates cost businesses more than $1 trillion annually.

Find a portal for your board that is easy to use by everyone regardless of their tech skills. This will help administrators save time in training and onboarding and it will enable more effective board meetings. Choose a portal that is powerful with dashboards, calendar integrations and eSignature capabilities to simplify your governance processes.

In the process of preparing for meetings, directors are likely to make notes and make annotations on documents they’re reading. It’s essential that your board management software allows for this, and also has the required audit trails to ensure that any future disputes can be resolved quickly and www.usboardroom.com/effective-permissions-with-virtual-data-room-providers/ easily.

Finally, your board portal should be equipped with questionnaires to assist with yearly D&O procedures and COI surveys. These should be easy to use and have quick turnaround time for both administrators and members. It’s also worth looking for a system that offers permanent purge, meaning that any annotations or comments will be removed from the site once the meeting has ended and the document is no longer needed.