Pricing comparisons for board portals are an essential step to select tools for governance that are compatible with your organization’s budget and meet the needs of board members. It is essential to compare the upfront and ongoing costs of software used to conduct board meetings in order to get a clear image of the total cost.
Boards of directors are increasingly recognizing the value of an effective board management system. In addition to the environmental benefits of going paperless, directors are able to save time by escaping the email swirl and reducing the cost of travel. Other reasons behind the growing popularity of board portals include the ability to swiftly make and distribute board materials online, online note-taking and collaboration, and much more.
No matter the reason that drives your business to adopt an online board portal there’s a wide selection of options to choose from. The most important factors 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 thing to consider is whether the vendor’s support and services can provide the level of confidence that your board members need to make use of the technology. This includes knowing the availability of live, on-site support line that can answer questions or address issues when they arise.
As the market continues to grow and evolve, it’s also important to know the way a company plans to improve their products in the near future. The best vendor will be able articulate how their current product is evolving to keep ahead of governance best practices and the requirements of their clients.