It’s typically the Board administrator, company secretary or assistant to the chairperson who advocate a portal solution for their company. This is because they recognise the potential for greater efficiency and enhanced governance practices. They also appreciate the savings in time that can be realized by reducing administrative work. This is vital as research shows that document issues contribute to 21.3 percent of the productivity loss in meetings.

It is essential that the portal platform you select offers high levels of security. This includes encryption of data and adequate security permissions that comply with international privacy and security standards. A solid audit trail is vital for businesses operating in highly regulated environments.

The portal you choose should also offer 24/7/365 support. This is especially important for those that are new to board portals and require help navigating unfamiliar processes. Look for portals with experience in customer support, and have been recognized by the industry.

The benefits of a well-implemented board portal are significant. They can ease administrative burdens, improve collaboration and keep you in compliance with regulations. In a world where every dollar counts, your company must cut costs as much as it can. Use our online calculator to determine how you can save switching to an online board portal.

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