A board management tool that is user-friendly and simple to use will increase the effectiveness of meetings, accessibility of documents and the overall effectiveness of a board. But what exactly is board management software and what are the differences between it and other online collaboration tools?
Board management software is an effective tool for managing and storing key documents, including board books, in a secure environment. It is specifically designed for companies that want to streamline their board management processes and improve the user experience for their executives, directors managers, and administrators.
The best board management software options include an online portal where all pertinent documents from meetings can be accessed. This can be an advantage for non-profit organizations because it eliminates having to scan and email documents before filing. It also reduces the possibility of sensitive data being available to unauthorised individuals or companies. If a business is undergoing an audit of its regulatory status, using the right board portal can make it easier to gather the necessary documents.
Some of the most rated boards portals offer a range of features for both directors and administrative assistants. These features may include task tracking and agenda creation, polling/surveying and electronic signature collection. This allows board members to keep in the loop about the progress and status of important tasks. It also promotes accountability and ensures that all tasks are completed within their deadlines. This helps make the board more productive and efficient and gives the peace of that all documents are securely stored.