How to Conduct a Board Portals Comparison

Posted by Security Vault

It is crucial to understand what your company needs prior to deciding on an online board portal. You should then make sure that the platform is equipped with all the tools required to assist your executive leadership team during a board meeting. This includes live meetings, eSignature, collaboration capabilities, document-management and many more. You should also evaluate the potential cost and time savings from the platform’s use.

Pay attention to the user-friendliness of the tool when you’re demonstrating different board portals. The user experience will affect how the tool is embraced by your entire board and how effective it will be in achieving best governance practices.

Asking about the pricing structure of the provider is important, as it will determine how much the portal will cost. Some companies charge a fixed cost, while others base pricing on the number and type of users, features, and storage security. You might be required to pay for more upgrades, customisations, or even additional training.

Also, when evaluating the security measures of a board portal and compliance standard, look for CMMI SW, SOC 2 and ISO 27001 certificates. This will help you ensure the platform is securely stored and follows industry-standard best practices. Also, you should consider whether they provide cloud-based or on-premise hosting to limit data security risks.