Board management software is an application or website specifically created to assist a Board of directors and administrators with secure access to meeting materials. Also referred to as a “board portal,” this technology is an important tool that helps improve governance and efficiency at the board level. Many think it’s an expensive addition to the boardroom. In reality, it’s a cost which pays off in the form of the efficiency of the process and improved efficiency.
A high-quality board portal solution has a variety of costs, from free to highly-priced, depending on what features are included in the platform and your needs as an business. In general, paid solutions include subscription fees, as well as charges for additional features and customizations. However, the price is still significantly lower than the traditional option of printing photos and mailing meeting documents. This could save you money in the long run on printing, administrative costs and material expenses.
Govenda, a Diligent brand, provides a reasonable and feature-rich board governance software that is optimized Board management software for nonprofits, community healthcare institutions as well as higher education institutions and credit unions. The software includes the tools, data and information needed to increase efficiency across all responsibilities at any stage of the governance cycle.
The software minimizes the chance that sensitive information could be released by keeping all meeting materials in a central secure location. The software supports more effective meetings by supplying easy-to use tools for taking notes and sharing them, as well as creating polls and surveys, as well as allowing members of the meeting to electronically sign legal documents.