Board governance software is an electronic tool that helps directors of the board and their staff members, and their boards with the tasks involved in organizing meetings, creating documents sharing them and ensuring compliance. This kind of technology offers more efficient and effective method for conducting meetings and takes away many of the manual processes that can be labor-intensive for board governance software administrative teams as well as boards.
Selecting the appropriate board portal solution starts with understanding your requirements. Find a system that lets you create and share agendas for meetings and documents, as well as record minutes, and ensure the compliance with different legal and regulatory requirements that are specific to your industry. The best software for managing boards will also come with a virtual video feature, that allows you to hold remote meetings with ease.
Some of the best board portals offer valuable governance tools that can aid you in making better decisions and ensure your board members are as prepared as they are. These can include curated reports and news on the board along with a comprehensive range of analytics that will help you to better understand your company.
Be sure that all meeting materials are accessible through an intuitive, user-friendly interface. Replace your insecure email with a secure and safe system of record for all your critical board communications and reduce the need to search through a variety of sources to find information. The best board management systems can also protect your information with advanced cybersecurity features like data encryption, two-factor authentication and secure cloud storage. Choose a company with top-quality support, with 24/7 support via live chat or in-person training for administrators and board members.