Board management software is an app or website specifically designed 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 assists improve governance and create efficiencies at the board level. Many people believe that it’s an expensive addition to a boardroom. In actuality, it’s an investment that pays for itself with improved efficiency and simplified procedures.
A high-quality board portal solution offers a range of costs, from free to highly-priced, depending on what features the platform offers and your requirements as an company. In general, paid solutions include subscription fees and extra costs for additional www.socialboardroom.com/how-can-strategic-awareness-create-new-opportunities/ features or modifications. The cost is still much lower than the traditional process of printing documents and sending documents by post. In the longer term, this can save money on administrative overhead, printing and other material costs.
Govenda, a Diligent brand, provides affordable high-quality, feature-rich software for board governance designed for nonprofits, community healthcare institutions, higher education institutions and credit unions. The software provides 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 exposed by keeping all meeting materials in one central, secure location. The software helps facilitate more effective meetings by offering easy to use tools to take notes and share them, creating surveys and polls, and providing participants with the ability to electronically sign legal documents.
