Board Management Software is an integrated set of tools that will make your board more efficient and productive. It allows directors’ boards to be more efficient by allowing them access to documents and information from anywhere and on any device. Board members now have the ability to spend less time searching emails or sharing files and more time focusing on governance and strategy.
The best board portal systems feature meeting invitations and scheduling tools, dynamically designed agendas that have times and people assignments for each section of the meeting and embedded reference documents and a variety of collaborative features such as annotation tools to facilitate collaboration and discussion. A majority of systems allow e-signature to accelerate the signing process of documents following meetings.
These systems permit boards to meet more frequently and more efficiently than boards that do not. The technology helps to track action items and follow up on missed tasks.
There are a myriad of providers of software to manage boards that offer a variety of options at different costs. It is important to keep in mind that not all systems were made equal. Free systems, for instance are generally lacking options and don’t always offer the features boards require.
In the same way paying for a paid solution can be more expensive than free counterparts in the short term but they can save you time and money by making your board more efficient and effective. It is important to assess the various systems that meet your requirements and choose one that will grow to meet the needs of your board in the future.