Board portals enable companies to share confidential information in a secure manner while reducing the risk of cyberattacks. However, not all board software providers are created equal in terms of security standards. During the selection phase, IT teams should look for capabilities and features that will secure company data.
Security – Does the system use encryption to protect your data both in transit and at rest? Verify that the solution has robust user authentication protocols. You should also ask the vendor for their experience with data breaches and how they handle these incidents in order to assess their overall security policies.
Meeting Management — You need to ensure that the system can manage all aspects of meeting planning in terms of reporting, preparation, and compliance. Look for a feature set which includes automated workflows, board books and regularly updated agendas.
Document Sharing and E-Signing Choose a portal for board members solution that has a secure environment that allows directors to collaborate easily during meetings, regardless of where they are. The software should include annotating features and a built in electronic signature features to make the process of signing.
Also, take a look at the pricing structure of the software. You’ll want to know if the provider has flexible pricing plans based on the size of your business and its needs. Also, look at the costs of any additional functions or integrations that might be required to meet your individual requirements. This will help you to determine the best solution for your budget.
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