Evaluating board portal software 2020: Top 10 board portal feature comparisons

Gartner predicts that 80 per cent of board-run organizations use collaboration systems that are specifically intended to support the unique needs of a board. So what is the value of board portal software and how do you pick a tool that’s right for you? Read our board portal feature comparisons.

Why is everyone shifting to a board portal?

Years back, paper board binders being heavy to lug and costly to produce and courier was a major motivator for companies to go paperless. Today, there are more modern drivers making boards adopt board portals: security and efficiency.

“The use of purpose-built content sharing and distribution portals has become a common practice for sharing sensitive documents with corporate directors in preparation for board meetings.”
Gartner

Emailing board documents or sharing with free editions of software like Dropbox or Google Drive poses real security risks. More sophisticated file-sharing solutions like SharePoint often frustrate directors who struggle to find the right materials within unfamiliar folder names and labelling conventions. On the efficiency front, many boards are seeking to best engage high-contributing directors, which means offering online convenience. And for organizational efficiency, corporate secretaries and administrators are seeking automation tools to perform their work in less time as governance demands grow.

What is a board portal?

In case you haven’t already used board portal software, it’s like a web application that executives and directors log into to perform their role for an organization’s Board of Directors. A board portal offers directors confidential access to board materials, past and present, and provides tools that make it easier for administrators to prepare for board meetings and conduct committee activities. Board portals also improve information flow to and among busy board members even as they travel.

Top ranked benefits of the best board portals

Instant, same-time delivery of sensitive updates and document revisions to board members at any time, regardless of location.
Centralized access to meeting materials, communications, policies, bylaws, and archives within a highly reliable, secure portal.
Secure online note taking and collaborating for Directors, with the option of a clean swipe of all communication once the Board makes a decision.
Increased efficiency to produce & distribute board books and other documents.
Increased efficiency to schedule and reschedule meetings.
Increased security, including protection for confidential documents, and built-in safeguards to prevent accidental email transmissions.

How do you pick the best board portal software?

There are many different board portals available on the market. How do you choose one right for your organization?

As Gartner reported in their Market Guide for Board Portals, “The majority of boards have very similar processes, and board portals have very similar feature sets.” With most board portal software performing similar functions, it’s very important to evaluate service, pricing and track record with organizations similar to yours.

Top 10 things to compare – easy board portal software comparison

Conduct a smart, efficient board portal product comparison with a simple checklist. Use the Board Portal Buying Guide to find a tool that’s right for you.