A board portal is a safe, online platform that grants access to all the tools and information needed for effective board meetings. It allows members to work at any time and from any device and allows for collaboration through a simple and intuitive interface. It also comes with strict security measures such as two-factor authentication, as well as full encryption to protect sensitive information and communications. Some portals provide extensive support and training and regular updates.

In addition to facilitating access and collaboration, the board management software can facilitate meetings by simplifying agenda planning and allowing real-time document sharing during meetings. Boardbooks and meeting documents are automatically transferred across all devices so that everyone has access to the most current version of each document. It allows for streamlined voting, action item tracking and audit trails that are detailed to ensure regulatory compliance.

A board of directors of a credit union, for instance could utilize a portal for developing an operational strategy and improve oversight of the organization by reducing risks and other ensuring compliance. In addition the board is charged to ensure that the organization’s mission and vision are clearly communicated to all stakeholders, and that every decision made by the company is in line with those objectives.

A board management portal increases the effectiveness of the credit union’s board by removing the need for distribute paper-based documents. This helps save time and money while increasing transparency and engagement. It also reduces risks, since it eliminates the requirement for paper records and storage that could be easily compromised by cyberattacks, or physical theft. It also allows boards to concentrate more on strategic planning and assessing future challenges and opportunities.