The expansion of its internal functionality to different digital platforms combined with the promise of high-calibre security is rapidly turning BoardVantage into a must-have communication tool for leadership teams across the globe.
However, BoardVantage’s overwhelming success and reach hasn’t always been as evident as it may appear today. When they started out in 2001, board portal technology was still a niche market catering solely to the c-suites of global corporations, operating with limited mobility on laptops and providing little more than rudimentary online access to what was then called the electronic board book.
BoardVantage’s first wave of innovation came when they noticed a significant change in demand outside of the boardroom. There was a growing need to include senior executives in boardroom conversations as well as the desire for executives to collaborate more closely among themselves. In line with their customers’ demands, BoardVantage took its first steps out of the boardroom in 2007, making well-organized executive collaboration one of its key focal points.
From Access to Process Technology
But companies didn’t just want to expand the access to their online board book, they wanted technology that would embody boardroom interaction and offer a platform for high-speed bilateral communications. These demands gave rise to BoardVantage’s evolution from ‘access’ to ‘process’ technology: a reclassification that was an implicit acknowledgment that the innovated software could do much more than provide electronic access to board materials – it had become a portal for boardroom interactivity. This evolution raised some vital questions regarding the security of companies’ digital information, which still lie at the foundation of BoardVantage’s innovation approach.
Despite growing demand and a large technological transformation, the board portal still hadn’t gone mainstream. For this to happen, it had to wait for a game-changing platform that would allow its software to become even easier to use, that would increase its mobility and have immediate online access: the iPad.
Game Changer: The iPad
When the iPad was launched in 2010, a whole new market opened up to the board portal and encouraged even further innovation. Its iOS integration was the watershed moment that truly boosted BoardVantage’s success and enabled it to go mainstream. Now executives wouldn’t simply use the portal during meetings or inside the office, they could take the boardroom with them to wherever they wanted to go – both on and offline. Not only did the iPad add to the mobility of the boardroom, its state-of-the-art graphics and animation were very well suited for presenting large volumes of information in a uniquely intuitive and efficient way.
Three Thoughts for the Future
Since 2010, BoardVantage’s focus is on the three areas most important to companies: Security, Simplicity and Two-way Communication.
A great example of how BoardVan-tage has catered to security needs is the Briefcase application, which offers secure mobile access to enterprise repositories. To gain meaningful efficiencies, boards have to go paperless but that can’t happen without the control that exists in paper-based approaches. With the Briefcase BoardVantage extends the security of its board portal onto the iPad, which means that any board content downloaded by directors from the portal remains under the central control of the administration.
Furthermore, the software provides encrypted offline storage expiration of content including director notes, syncing to content updates and remote purge capabilities in case the device is lost or stolen.
The eSignature option embodies the portal’s simplicity. This application allows you to personally and securely sign and date documents and send them off straight away. Instead of having to print, sign, scan and send out documents, this process can now be finalised within a minute’s time. The result is an experience that is not only better than the browser, it is also better than print.
For more information on how BoardVantage can improve your boardroom and team communications, please go to www.boardvantage.com