Pricing comparisons for board portals are an important factor in choosing tools for governance that meet your organization’s budget and meet board members’ needs. It is essential to compare the upfront and ongoing costs of software for board meetings to get a clear image of the total cost.
Boards of directors are becoming more aware of the importance of an effective board management system. In addition to the environmental benefits, directors also value the time savings that come from eliminating the tangle of emails and reducing travel costs. Board portals are also well-known because they facilitate the quick creation and distribution of board packs, as well as online note-taking and collaboration.
There are numerous options available, no matter what the motivations are for your business to establish an online Board Portal. When making a price evaluation, you should take into account the following: possibilities for training, support features such as data storage capacity, and security features.
The most important aspect to think about is whether or not the vendor’s support and services will give your board members the confidence needed to use the technology effectively. This includes knowing if there is a live, in-person support line that can help answer questions or address issues when they arise.
As the market continues to evolve and grow as it does, it’s also an excellent idea to know how a vendor plans to improve their products in the future. The best vendor will be able describe how their current offering is evolving to keep ahead of governance best practices and the requirements of their clients.