Comparing the pricing of board portals is a crucial initial step in deciding on governance tools that fit your organization’s budget while meeting the requirements of your board members. When comparing, it’s best to consider both upfront costs as well as ongoing expenses to get a true picture of the total cost of your secure software for board meetings.
Boards of directors are becoming more aware of the importance of an effective board management system. In addition to the environmental advantages of going paperless directors appreciate time savings by getting rid of the email clutter and reducing the cost of travel. Board portals are also popular because they facilitate the quick creation and distribution of board packs and also online note-taking and collaboration.
Whatever the reasons that drive your business to adopt boards portals there’s a wide variety of options to choose from. The most important aspects to consider in a board portal pricing comparison are training options, support quality, security features and the storage capacity of data.
The most important factor to consider is whether the vendor’s support and service will provide the level of trust your board members require to effectively use the technology. This includes knowing the availability of an in-person, live support service that can address questions or address issues as they arise.
As the market continues to grow and evolve as it does, it’s also a good idea to understand what a company plans to do to improve their products in the future. The right vendor will be able to explain how their current is evolving to keep ahead of governance best practices and the requirements of their clients.