www.boardportals.co.uk/2021/12/07/virtual-data-room-pricing-for-being-prepared/
Board portal software is a useful instrument for businesses seeking to improve their governance. Which vendor should you pick out of the numerous options? If you’re able to attend demos with potential vendors, there are some key questions you should ask that will help you choose the right software for your needs.
How does it make it for members to use the platform? It doesn’t matter if it’s a basic user-friendly interface, or a more complicated app, your board members’ experience is essential. Make sure you have features that ensure that directors are able to navigate the system without requiring extensive training. Also, take note of how easy it is to add directors, upload materials and modify the license assignment for board admins.
Are there features that will allow effective gathering of data during meetings? Consider tools such as live chat polling, Q&A, and proposal feeds that allow participants to share ideas and provide feedback in real time. This will ensure that everyone is fully involved and that the board can make informed decisions in online meetings.
Is it easy to draft and distribute minutes of meetings? Find an option that will allow you to prepare an agenda, and then automatically create a draft document of the meeting minutes. This will help you avoid the headache of keeping the track of several spreadsheets or word documents that contain detailed notes from each meeting.
Do you have features that permit directors to work in between meetings? Look for task managers who have specific deadlines and responsibilities, so that no one is confused about who’s in charge of what.