It is important to take into consideration the cost and solution options when selecting a board portal. A good board management vendor should have clearly defined pricing structures and be upfront with additional charges, like governance consulting and entity management, as well as enhanced security protocols. A reputable board management tool developer will also provide one-on-one training and support for directors to how to use the software effectively.
Many organizations are faced with the task of implementing a board management software as the new generation of directors are settling into boardrooms. This can be challenging if the top executives of the organization are not experienced in technology or are not used to working with digital platforms. Board members are expected to be able to utilize the software as a tool to conduct their business activities like they do use standard tools like Google Drive or Dropbox.
It is important that any software solution for boards is easy to use and designed with different technical abilities in mind. This is crucial to the success of a software platform, so that directors and administrators can benefit the most out of it with little or no learning. Additionally, the software must be compatible with devices that directors already have in their possession and not require them to buy or learn to use new hardware or software. Furthermore, the platform should be available anytime, anywhere via a web-enabled device. This allows board members to perform their duties even when they are out of the office, and helps avoid unnecessary delays.