Directors are major figureheads within a company who are directly responsible for future strategic planning and day-to-day operations. They are mantled with major corporate duties that regard both internal and external affairs. The amount of information directors need to access prior to a board meeting, can be a challenge, especially when travelling.
How digital technology can help
Digital technology has extended human capabilities in multi-disciplinary tasks given that the resources for creation and exchange are all simply a click away. Modern devices like tablets have enabled us to securely access vast amounts of easily accessible data without having to always carry paper packs or other bulky technology options. The top of the line applications that are present on such tablet devices provide an engaging user experience along with a specific set of benefits to both the user and company.
Benefits to the Board of Directors
Technology can streamline the process behind preparation for a board meeting. It allows directors to work through their extensive checklist of tasks that relates to exchange of information in a short time span, whilst on the go. It not only helps them save much of their precious time but also delivers up-to-date data in an organised, easy to digest way.
Applications also provide secure document storage for sensitive content which can be used to make help directors analyse, review, and develop business strategies whilst travelling, helping to maximise the time which normally may be lost. All in all, digital technology has proven to be a greater contribution towards the efficiency and decision-making of directors in the boardroom.
Privacy and security
The information that the Board of Directors need to process can often be highly confidential. Most of them fear completely replacing their paper board books with digital technology due to the fear of data leakage. The data encryption used in board paper applications provides a higher level of security to act as an intelligent shield to the possible threats of data theft. Cloud servers and application systems are subjected to regulations and certifications such as ISO 27001 and ISO 9001, which make their maintenance and performance guaranteed.
For more information about BoardPad or how a digital board portal can help your organisation, please contact us today.