As a rule directors and the managing board have to deal with large amounts of files every day. To minimize time and effort businesses use board portals.
The board portal is a digital tool that eases board meetings and improves effectiveness. It is also called board management software. Originally, the board portal was made for the board of directors who could use it while planning the company’s strategic development or for discussion of pivotal questions. Today, board portal software can be used by all members of the team to run meetings, set goals for a certain period, define tasks, share related documents, and control processes.
What are the main advantages of using board management software?
One of the key benefits is streamlining board communication and simplifying the meeting cycle. The platform enables board members to share ideas, access information, and collaborate on documents in real time. This helps to increase transparency and accountability — important factors in ensuring effective governance.
By having all the phases of the meeting on the platform, board meeting software also promotes board efficiency. One more benefit is security. With board management software all documents and information are centralized and protected all the time. Board software also provides flexibility for board members. Having everything in one place can bring about effective decision-makers.
How to select board management software?
There are main steps to follow while choosing a board portal:
- Identify the main features that are crucial for your business: document sharing, meeting minutes, live voting, etc.
- Define your budget and whether your company is ready to invest in virtual board meeting software.
- Set your business needs: which processes will be covered by using the software, who can use it, and how often it will be used?
- Select a list of the best board portals.
- Choose several variants to sign up for a free trial period and find out which one is the best for your needs.
iDeals board review
Among the providers available in the market today, iDeals board software is taking the leading position, as it provides the best board software. This board portal helps to prepare for meetings better, keep the team focused on decision-making during the event, and implement the decision in the workflow. Simplifying processes in the board software encourages a steady and effective workflow of the leading team.
The iDeals virtual board room workflow steps
The workflow of the boardroom consists of 4 steps:
- First, board members transform issues into matters and agendas, and share them and all supportive files using the board portal.
- Directors meet online or offline and make decisions on matters. They also can vote electronically while using the board software.
- Minutes are generated automatically and can be assigned to owners.
- After creating tasks members of the board can monitor the progress and access all records.
Main features of iDeals board software
Let’s define the main features of iDeals virtual boardroom software:
- Security: security protocol for all the pages; encryption of sensitive data; multi-factor authentication; permission management.
- Meeting management: voting; searching information from past meetings; managing reminders; managing action items after the meeting; possibility to annotate documents.
- Scheduling management: scheduling; deadline management; calendar management; meeting preparation; managing agenda.
- General features: 35 languages, electronic signature; real-time and private chat; and activity dashboard.
A wide range of board management tools makes iDeals one of the best board portals on the market. The main goal of the iDeals board portal is to make board meetings more efficient and maintain collaborative relationships between board members and board directors.
Where iDeals board portals are used?
Large global enterprises, small companies, and startups use the iDeals board portal. It helps companies ensure good corporate governance and establish an effective tool for board communication management. The industries that use the iDeals boardroom software are higher education institutions, banking, biotechnology, financial services, nonprofits, IT, real estate, and manufacturing.
Key advantages of iDeals board software
According to different board software reviews iDeals board software has the following advantages:
- 30-day free trial. You can test the boardroom for a month before subscribing. You have an opportunity to learn if the platform fits your company’s needs and budget.
- Straightforward usage. The iDeals board portal is easy to set up and use, despite the user’s technological background.
- Secure data storage. iDeals has a reputation as a high-end security provider, so you can be sure that your confidential data is safe and protected.
- Qualified customer support. The iDeals support team is well-qualified and experienced.
- Easy mobile access. The iDeals board management platform operates perfectly on mobile devices and has a responsive mobile application for iOS and Android.
- Offline access. Meeting materials are viewable without a Wi-Fi connection.
Conclusion
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