Comparing the cost of a board portal is a crucial first step to selecting the right tools for your governance needs that will fit within your budget and meet the needs of your board members. It’s important to compare both the initial and ongoing costs of software used for board meetings to get a complete picture of its total cost.
Directors’ boards are becoming more aware of the importance of an effective board management system. Aside from the environmental benefits, directors also value the time savings associated with avoiding the email tangle and reducing travel expenses. Board portals are also popular due to the fact that they facilitate the quick creation and distribution of board-related packages as well as online note-taking and collaboration.
There are many options to choose from regardless of what the motivations are for your company to implement a Board Portal. Some of the most important aspects to consider when conducting a board portal pricing comparison are training options, support quality, security features and the amount of data storage.
The most important factor to consider is whether the vendor’s support and services will provide the amount of confidence that your board members need to be able to utilize the technology. This includes knowing if there is an actual, live support line to help answer questions and resolve problems as they arise.
It is important to understand how vendors plan to improve their products as the market continues to grow and evolve. The right vendor will be able explain how their current product offerings are evolving to keep ahead of best practices in governance and the demands of their clients.
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