It’s often the Board administrator, company secretary or assistant to the chairperson that promotes a portal system to their business. It’s due to their recognition of the potential to increase efficiency and better governance practices. They also recognize the time savings that can be realized by reducing administrative work. It is important to note that research has shown that issues with documents account for 21,3% of the productivity loss during meetings.
It is vital that your portal platform provides a high level of security. This includes data encryption and adequate security permissions that comply with global privacy and security standards. A thorough audit trail will also be vital for companies operating in environments that are regulated.
In addition to this, your chosen portal provider will provide 24/7/365 customer support service. This is especially important for those who are brand new to the world of board portals and require help in navigating the unfamiliar process. 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 significant. They can reduce administrative burden, improve collaboration and keep you compliant with regulatory requirements. In a world where every dollar counts, it is imperative that your business saves as much as you can. You can make use of our online calculator to figure out the amount of you can save by switching to a board portal.
