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Why Big Businesses Are Turning to Board Portal Software

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Corporate governance, for any organization, is a cornerstone. It shapes all the practices, policies, and procedures that will decide the fate of that business. Good corporate governance means the company’s senior officials (or board of directors) efficiently fulfill their core responsibilities, including risk management, accurate division of responsibilities, and complete control over the businesses.

Where the board of directors is supposed to guide the corporation, they need to be fully equipped with all possible tools that can help them run things smoothly. That is why digital platforms, such as board management software, are becoming increasingly popular in all types of corporations, including bigger enterprises.

So what is board management software? Why are businesses turning to board portal software? Let’s find the answers.

What is board portal software?

Board portal or board of directors portal is a secure cloud-based digital platform where board members and administrators can digitally communicate and collaborate. It is more like a centralized digital library where board members can store, share, access, exchange, review, or edit board materials.

It is important to note that a virtual boardroom not only serves as a digital library but is a highly secured data repository as well. The board can keep all the board materials, including board meeting minutes, financial records, agendas, etc. , in virtual boardrooms.

Important features of board room software

Virtual boardroom features may vary from vendor to vendor. However, here are some important features in any enterprise-level boardroom software.

Data repository. Any virtual boardroom is essentially a data repository where organizations can safely store corporate documents.

Virtual board meetings manager. This tool helps in planning board meetings with additional features such as attaching documents, attendance tracking, adding details, linking calendars, and initiating remote meetings.

Meeting agenda. Board portal software automates the process of building, distributing, and archiving meeting agendas. The board secretary can use standard meeting agenda templates or create everything from scratch.

Dashboard. Virtual boardroom's dashboard shows multiple options, including valuable files, calendars, internal and external links, etc., on the ‘homepage.’

Meeting minutes. This functionality helps in compiling, approving, circulating, and storing meeting minutes.

Task management. The task management feature helps create, assign, and track the actions of group or individual tasks.

Other important virtual boardroom features include annotations, digital signatures, notifications, remote purging, voting and approvals, reporting, different search options, etc.

Want to know more about the virtual boardroom providers? Follow this link https://board-room.ca/ )

Why are virtual boardrooms beneficial for businesses?

Board portals are primarily designed to help board members efficiently fulfilling corporate governance responsibilities. Here is how board management software can help.

Document security

Storing confidential business documents is a vital part of board management. Board members are in possession of the company's most valuable and highly confidential documents for which they are answerable to stakeholders, investors, and the general public.

A virtual boardroom makes sure that the board documents are safe from any external or internal threats. For example, only an authorized board user can access board portal software. The two-factor authentication makes sure that there is no unauthorized entry into the boardroom.

Similarly, if a board member loses a device containing board material, the administrator can simply wipe off all the data to prevent data leaks.

Remote access

One of the best things about board management software is its remote accessibility. In order to perform their duties, board members generally need constant access to board material such as board meeting minutes, financial records, board book, board meetings agenda, etc.

Imagine how time-consuming and risky it would be if board members requested the administration to share board documents via emails? On the contrary, once the administrators upload a document in the virtual boardroom, any board member with the right permission can access the file remotely whenever needed.

What’s more, board members can also access boardrooms through mobile apps. That means all they need is a remote device and an internet connection to access the board portal from anywhere, anytime.

Seamless communication and collaboration

It is simply impossible to ensure good governance without collaboration between board members. Collaboration between board members should not be limited to board meetings or other similar events. They should communicate regularly, and that is why board portals are very effective in ensuring seamless collaboration between board members.

Using virtual boardrooms, board members can share the latest updates on company affairs, initiate discussions, hold brainstorming sessions, and conduct mini-board meetings. Board portal software allows board members to chat privately and start group discussions.

Virtual board meetings

Board management software is an excellent platform for virtually conducting important board meetings, such as Annual General Meeting (AGM). Board members can join the meeting through audio or video conferencing tools. A board member can start a motion, and other members can cast votes to either approve or reject the proposal. Similarly, the board meeting agenda and minutes can be instantly prepared and dispersed to all board members.

Cost-efficiency

Generally, the board secretary prepares the meeting agenda, shares it with board members, gets their suggestions, reprints the revised agenda, and then dispatches it to all board members again. This process is not only time-consuming but expensive as well.

Virtual boardrooms are a cost-effective option in different ways. For instance, they can help boards conduct paper board meetings, thus saving the printing, paper, and distribution costs.

What’s more, virtual board meetings mean the organization can avoid traveling expenses of their board members, which can be massive if company directors reside in different cities or states.

Final words

Virtual board portals have become a preferable option for small companies as well as bigger corporations. These centralized platforms help board members to collaborate in a highly secure environment where they can share their opinions, discuss company affairs, instantly access board materials, hold virtual board meetings, and whatnot. In short, board management software helps in efficient corporate governance.

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Why Flying Private From Calgary Is Better Than Commercial

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This is a guide to flying privately from Calgary, offering everything from cost-saving tips to the perks that you can expect. 

Flying privately has always been considered a privilege of the ultra-rich. Until now. While it’s not cheap, it’s much more affordable than it has been before, thanks to a wide range of options arriving on the market and soaring airfares in the commercial sector. 

With a host of private jet services on offer at YYC Calgary International Airport, flying in style and comfort has never been more accessible — now, there are fixed-based operators, empty-leg flights, and a host of charter services you can choose from. Whether you’re hopping over to Vancouver for the weekend or flying halfway around the world, there’s a private service for you at YYC Calgary International Airport. 

Let’s get into all the reasons why flying private from Calgary is better than commercial travel. 

Calgary International Airport Can Get Too Busy 

We’re talking about Canada’s fourth-largest airport here, which processed some 18.5 million passengers in 2023 alone. If you’re travelling during the holiday season, then you can expect long queues at the check-in desk, more queues at the security checks, and longer waiting times at the gate. This can be pretty frustrating and stressful, especially if you’re travelling with children or in large groups. 

Flying in an aircraft charter from Calgary removes all of these concerns. Arrive at the airport within thirty minutes of departure, be whisked off to the private lounge at your chosen fixed-base operator, enjoy your seamless private check-in, and board your jet. It takes all the stress out of flying while elevating the most luxurious and exciting components. 

As soon as your vacation or business trip is over, all you want to do is get home and relax. Flying privately all but guarantees that you arrive on time and enjoy a hassle-free experience as soon as you land. Say goodbye to tiring customs checks or the risk of lost baggage and long delays for connecting flights. 

Flying Privately Is Easier (and Cheaper) Than You Think

Flying privately has always been seen as the ultimate flex for the ultra-wealthy — and let’s be honest, private jet ownership still is. But swapping narrow seats and crying kids for serenity at 45,000 ft is more accessible than it used to be. Thanks to some clever cost-saving innovations and rising commercial airfares, private jet travel is starting to look like a surprisingly affordable option for more people.

If you bought your own jet, you’re talking about a minimum purchase price of a few million plus nearly half a million in annual running costs. This puts ownership out of reach for most people, but there are other options. With empty-leg flights (where jets are repositioning and would otherwise fly empty), you can snag luxury flights for prices that won’t break the bank. Think hundreds instead of thousands — assuming you’re a little flexible with your schedule.

For frequent fliers, membership programs or fractional jet ownership are absolute game changers. For a flat fee, you can access planes when you need them, minus the hassle of maintenance or storage costs.

And let’s not forget charter services. Whether it’s a quick hop to a neighbouring city or a transcontinental trip, renting a jet can be cost-effective if you’re travelling with a group — remember, you’re paying for the plane, not the seat. A light jet might set you back $1,300 per hour, but divide that by a group of four travellers for a 6-hour flight, and you’re suddenly rethinking that commercial first-class ticket.

Luxury That Fits Your Schedule

YYC Calgary International Airport has 71 gates and averages almost 200 departures every day. With so much activity, cancellations and long delays are not uncommon. These can occur due to anything from maintenance issues to crew shortages. This year alone, WestJet, which operates out of Calgary, has been plagued with strikes and supply chain issues. Air Canada and WestJet also performed poorly in a list of North American airlines ranked by on-time departures. 

Why risk the doom and gloom of commercial air travel at YCC Calgary when you can just fly privately? Fly on your own schedule, guarantee swift take-offs, and arrive at your destination on time. This is even more pertinent for business travellers who can’t risk being late when important meetings and deadlines are at stake. It doesn’t just have to be for work — there are times that require quick actions and getting to places faster to be with family and friends for crucial moments, and flying privately can save you from both the bureaucracy and the wait times.

Fly Private, Fly Better

Flying private from Calgary is less about getting from A to B and more about air travel on your terms. Everything that you’ve ever hated about flying can disappear with the click of your fingers and a call to your jet broker. No matter the occasion — business trips, weekend getaways, intergenerational family vacations — private travel prioritizes the journey’s aesthetics and practicality as much as the destination. 

Once you’ve skipped the lines, breezed through customs, and sipped a coffee in your own space at 30,000 feet, you’ll never look at commercial travel the same way again. Go on, make the switch with confidence.

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How to Streamline Your Car Sales in Toronto? The Pointer for Car Sellers

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Many car owners doubt whether selling their property is worth the hassle they may face during sales. That’s reasonable because a car is not a small item, and you probably spent much on its purchase at some point and regularly invested in it to maintain it in good condition. Then, selling it for pennies is not your choice.

We went ahead and contacted Topcashforcars.ca, a company that is reputed for giving the highest cash prices for cars in Toronto. Their approach is straightforward and reduces hassle for sellers who want to sell their vehicles profitably without the complexities of dealing with customers.

Choosing the Right Counterparty Is a Key to Success

First, have you already decided where and to whom you can sell a vehicle? That’s your #1 thing to do. Typically, the choice is either selling autos to individuals who want to buy a second-market car to save some dollars or to specialized companies engaged in car buying. These companies are diverse enough and they often offer good conditions for a seller although their pricing is diverse too.

How can you get in touch with such buyers?

  • For individuals who buy second-hand vehicles, you can search on big Canadian bulletin boards online and sometimes, on social networks.
  • For the companies to deal with, Google is your best friend to ask for help. However, our consultants, Topcashforcars.ca also are among these buyers, so you can make it even easier and apply to them.

What is more beneficial for a car seller at this stage? We can surely say that dealing with car-buying companies considerably saves you time. The whole negotiation process can take a couple of hours, so you won’t wait long and remain under pressure of uncertainty. 

Making It Lighting-Fast Is Possible

The previous tip leads to another one: you can sell a car in a lighting-fast mode. Just do some easy preps like its examination at the service station to consider what price can you claim for it and clean it up. This takes no more than a day if you have a good service station in your neighborhood and it helps clearly understand the price and the condition of your car.

Then, you can ensure you set a real price by using special online calculators provided by the same car-buying companies. It may take just a couple of minutes and you’ll get a precise calculation based on your vehicle’s type, age, model, condition, and specific features. 

Getting Cash Instead of Bank Transfers or Checks Is Faster

One more thing you can do to sell your auto as fast as possible is to sell it for cash. Bank operations often take additional days to be processed. Thus, even if you are lucky enough to get in touch with a good buyer quickly, and even if you conclude a deal in a day or two, it’s not guaranteed that you get money to your bank account similarly quickly. Applying for cash transactions you avoid troubles with banks and extra commissions for the transaction too.

As you can see, selling a vehicle can be eating pears for you if you plan your sale and follow the tips we shared in this article.

If followed, these recommendations can allow you to easily sell your car and make a handsome return in the process. It is even more rewarding because time and energy has become invaluable and cash for cars, Toronto based companies and specifically Topcashforcars.ca, will ensure the vehicle is sold for the best price with little input from the owner. When selling a car, it is ideal to do enough research, plan and choose the right buyers so that the car selling process is fast and efficient.

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