Board of directors software is a cloud-based service that structures virtual board meetings, supports efficient communication between members, and helps boards achieve optimal governance. It eliminates the need to store meeting materials to be physically stored and offers secure document storage that utilizes advanced encryption protocols. It allows directors to access numerous options, such as eSignatures, directories, voting and more. It is typically used in combination with board portals and offers the best management of board meetings tools to ensure effective collaboration between board members.
One of the most important features is the capability to upload agendas, board books, and other meeting documents. These documents can be edited, annotated and shared through the platform with a variety of tools. This enables directors to prepare meetings quickly and aids in the distribution of minutes after the meeting. Most of the top software providers for boards include video conferencing options so that virtual meetings can be held without having to switch apps.
The addition of an eSignature feature to the portal can reduce the amount of paper used and speed approval. Some solutions allow you to create a signature request, and then track the progress of the document while it is being signed. This is a great method to cut costs and improve efficiency for your company.
The most popular tools that are available on a board portal include a discussion tool that allows for the exchange of ideas between directors and a polling instrument for quick data collection and a library of resources for board education. Using these tools between board meetings helps directors keep up-to-date with the latest developments within the company and assists them in making better decisions. It can also help save time by removing the need to use direct messages.
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