Comparing software for board of directors is crucial to select the most effective paperless solution for your company. A paperless board portal offers a secure platform for online collaboration in meetings and to support efficient workflow for remote and on-premise meetings. These solutions also include other collaboration tools such as video conferencing platforms and calendar management tools as well as document management and storage software, and more.
To determine which service provides the best value, collect all relevant information on security options, training options as well as governance, the level of support, and the amount of secure storage space. This will help you narrow the list of potential suppliers to think about for your price comparison.
Once you’ve gathered your requirements, ask the shortlisted board portal vendors for a full breakdown of their pricing structure. This will help you compare apples-to-apples, based on the duration of your usage, the number of users and whether committees can privately share materials. Think about other fees, such as the ones for reporting, ongoing training, and additional document storage.
Then, take a look at the level of customer support at each vendor, and whether they can meet the specific needs of your organization. This is particularly important for boards that are new to online boards portals, and need to be sure of the support they will receive to ensure their success.
https://best-vdr.info/evaluating-data-room-providers-for-ma-transactions