Board management software (also known as a board portal) is a safe app that allows company leaders access to and use board material on their laptops or tablets. It facilitates collaborative workflows and lets directors review and discuss documents prior to or during meetings. It also facilitates the communication between board members and provides a more efficient method of managing agendas as well as minutes and notes.
Contrary to free online file sharing services, which lack advanced security features and may cause sensitive data leaks, most quality board portals provide multiple layers of robust cybersecurity protections. They also allow encrypted messaging and provide the option of virtual meetings by utilizing features like page sync and annotation tools shared by the board.
Board management software also helps reduce administrative burdens with automated tasks like assembling and dispersing meeting packages as well as tracking items for actions and sending notifications. This can help businesses save time and money, while also improving the efficiency of meetings and governance.
Examine a Board Management Tool
Asking for feedback from your stakeholders and defining what goals the tool will achieve will help you choose the best tool. While you’re selecting the tool, make sure the tool you select is compatible with your corporate vision and works with your current digital transformation initiatives. Your company will then gain the most value of your new board management software investment.