Conducting a Board Portal Software Comparison

The board portal is an essential component of an organization’s governance tools. It is utilized by committees, boards and executive leadership teams to streamline meeting workflows, work together with security features in place and coordinate on strategic decisions. It also cuts down on costs and time spent on physical board materials. It can be a challenge for businesses to select the best tool because there are so many companies offering software for boards. Comparing software for board portals is a smart way to narrow options. This includes assessing the security level, desired tools for board management and support and service.

Determine Your Needs

To begin to begin, you must decide what is most important for your board portal. This includes looking at the number of board members and the type of information that you will be sharing. From there, you can determine the features that are required to meet these needs (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). This information can be used to evaluate board portals, and select the one that best suits your business’s needs.

How to evaluate the security of your board portal

A high level of security is essential for board meetings as they discuss sensitive and confidential documents. Make sure you choose a platform that uses encrypted confidential files to protect your website from hacking and data theft. Additionally, a portal that has an audit trail can allow you to track who accessed and edited documents.