A virtual data storage portal and board is a software application for governance that lets users communicate and collaborate digitally in a secure environment. It offers document storage, message capabilities, voting functions, record storage and many more. It is a great choice for businesses that wish to streamline board meeting processes and increase the efficiency of directors.
A board portal allows directors to quickly access the most current information before and during meetings. This transforms the way decisions are taken. They can also selecting the best-fit due diligence software for your business needs comment and collaborate on files in real-time which eliminates the need to look through old emails or go through piles of physical documents. In an era where boards are becoming more diverse and distributed, the ability to access, share and annotate files instantly, regardless their geographical location is a huge benefit.
When selecting a portal for your board it is essential 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 excellent customer support. The software should also be scalable and have both a monthly and annual pricing that can be tailored to your budget.
In addition, you should be able to track the activities of each user. If an employee leaves the company, you’ll be able see what documents they’ve looked at (and when they did so). This ensures that confidential information is not divulged or shared with unauthorised parties and improves accountability.