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It is important to determine what your company’s needs are before you begin looking for a board portal. This way, you can be sure the platform has all necessary tools that will help your executive leadership team during a board meeting. This includes live meetings, eSignatures, collaboration, document management capabilities and much more. It is also important to consider the potential cost and savings from the platform’s use.
In your software demos with different portals for board meetings, take note of how easy it is to use. The user experience will affect the way your board will use the tool and whether it will be effective at meeting the best governance practices.
The pricing structure of the vendor is also important, as it will determine the price the portal will cost. Some companies charge a fixed cost and others base their pricing on the number and type of users, features, and secure storage. You might have to pay more for upgrades, customisations, or for additional training.
In the final analysis of the security measures of a portal’s board and compliance standard, look for CMMI SW, SOC 2 and ISO 27001 certificates. This will help you ensure the site is secure and adheres to industry-standard best practices. Also, you must determine whether they provide on-premise or cloud-based hosting options to limit data security risks.
https://trueboardroom.com/the-top-board-portal-software-solutions-a-comprehensive-comparison
