Board management software is an app or website that is specifically designed to provide a board of directors and administrators with secure access to digital meeting materials. Also referred to as a “board portal,” this technology is an important tool to improve governance and create efficiencies at the board level. Many people think it’s a costly addition to a boardroom. In reality, it’s a cost that pays for itself with improved efficiency and simplified procedures.
A top-quality solution for a board portal could be priced from free to expensive, depending on the features that are included and your business’s requirements. In generally, paid solutions have subscription fees as well as additional charges for customizations and additional features. However, the cost is still considerably less than the traditional alternative of printing and mailing meeting documents. In the long run, this can reduce administrative overhead, printing and material expenses.
Govenda, a Diligent brand, offers affordable Board Governance software that is feature-rich and features which is specifically designed for non-profits, community health organizations, higher education https://socialboardroom.com/what-is-board-management-software-and-how-to-use-it/ institutions and credit unions. The software comes with the tools, analytics and insights required to improve efficiency across all responsibilities at any stage of the governance cycle.
The software helps reduce the risk that sensitive information could be leaked by storing all materials for meetings in a central, secure location. It also facilitates more effective discussion during meetings by providing easy-to-use tools to take notes and share them in surveys, creating surveys, and conducting polls and allows members to easily sign legal documents electronically and securely.