A virtual data storage and board portal is an organization’s governance software application that enables secure digital communication and collaboration between users. It also includes document storage as well as voting capabilities, messaging capabilities and records storage. It is the best option for companies who want to simplify their board meeting procedures as well as increase the efficiency and effectiveness of their directors.
A board portal makes it easy for directors to get the latest information they require before and during meetings, transforming the way that decisions are made. Directors can also comment and collaborate with files in a matter of minutes and eliminate the need to go through old emails or shuffle piles of physical documents. The ability to view, annotate and share files quickly regardless of place of origin, is vital in a time when boards are becoming more multi-faceted and dispersed.
It is crucial to take into consideration the requirements of both your directors and administrators when choosing a portal for your board. It is also important to choose a platform with a user-friendly interface and provides excellent customer support. The software should also be scalable and have both annual and monthly pricing plans that can be adapted to your budget.
In addition you must be able monitor the activities of each user. If an employee leaves the company, you’ll be able monitor which documents they’ve viewed (and when they viewed them). This helps ensure that confidential information isn’t leaked or shared with unauthorized parties and improves accountability.
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