Board portal technology lets boards operate more efficiently, which improves governance processes across all sectors and sizes. Board portals are utilized by businesses that are heavily regulated, such as healthcare and insurance firms, to ensure they meet the requirements of regulatory agencies, while staying focused on their business. Small business boards as well as other kinds of boards are also able to benefit from an efficient and smooth board meeting procedures. This could lead to better governance and a more productive company.

A board management software can eliminate the necessity for physical meetings and can save you a significant amount of money. In addition, a premium board portal can provide advanced tools for collaborative planning, resulting in time savings and a better efficiency of meetings.

The most effective board portals allow board members to comment on and discuss subjects in an electronic format. They also track the progress of action items. This discussion can be done via the portal, which helps to eliminate sensitive information that could be lost or discovered in personal email accounts. It also reduces the possibility of accidentally sharing confidential board documents.

Involve all stakeholders and committed to the implementation of the new portal. A successful implementation begins with the identification of at least two or three "board portal champions" within your organization, who can help to explain the benefits and provide training for the others in the team. Choose these champions early in the process, and plan training sessions for each of them before their first meeting using the new portal for board meetings.