Board governance software is an electronic tool that aids directors of boards as well as their administrative staff and their boards manage the tasks of arranging meetings, creating documents, sharing them and making sure they are in compliance. This type of technology enables more efficient and effective meetings, and eliminates manual processes that take a lot of time and effort.
Knowing your requirements is the first step in choosing the right board portal. Choose a system which allows you to create and share meeting agendas and distribute documents, keep minutes, and track the compliance with different legal and regulatory requirements based on your industry. The most effective board management software will also come with a virtual video feature, that allows you to hold online meetings without difficulty.
Some top-rated board portals also provide valuable governance resources that can assist in your decision-making process and aid your board members in being as prepared as possible. These include well-curated news and reports for board members and an extensive collection of analytics that can help you better understand your business and its performance.
Be sure that all meeting materials are accessible through an intuitive, user-friendly interface. Replace unsecure emails with a secure, secure system that records all board communications and eliminate the need for multiple sources of information. The most reliable software for managing your board can also safeguard your data with advanced cybersecurity tools such as encryption of data, two factor authentication, and secure cloud storage. Look for a service provider that provides first-class customer support. Reps should be accessible 24/7 via live official site chat or for individual instruction for board members and administrators.