selecting the best-fit due diligence software for your business needs
A virtual board and data storage portal is a computer program for governance that lets users communicate and collaborate digitally within a safe environment. It features document storage, message capabilities, voting functions, record storage and much more. It is the ideal choice for companies that want to streamline board meeting processes and improve the efficiency of directors.
A board portal makes it easy for directors to access the most up-to-date information they need before and during meetings, transforming the way they make decisions. Directors can also comment and collaborate on files in real-time making it unnecessary to search old emails or search through stacks of physical documents. The ability to browse, comment on and share files in real-time regardless of place of origin, is vital in an era where boards are becoming increasingly multi-faceted and dispersed.
When deciding on a board portal it is crucial to consider the diverse needs of your directors and administrators. It is also important to select a solution with a user-friendly interface and provides top-quality customer support. The solution should also be scalable and offer both a monthly and an annual pricing plans which can be adjusted to your budget.
In addition you should be able observe the activities of each user. If an employee quits the company, you’ll be able monitor which documents they’ve seen (and the date they last viewed them). This ensures that confidential information is not divulged or shared with unauthorised third parties and helps improve accountability.