Board management software is an app or a site that is specifically designed to provide a board’s members and administrators with secure online meeting materials. Also referred to as a “board portal,” this strategic awareness technology is an important tool that can help enhance governance and improve efficiency at the board level. Many think of it as an expensive addition to the boardroom but in reality, it’s an investment that will pay for itself through improved efficiency and reduced processes.
A top-quality portal for boards provides a variety of prices that range from free to high-priced, depending on what features are included in the platform and your requirements as an business. Generally, paid solutions will include subscription fees and extra charges for additional features or customisations. However, the cost is significantly lower than the conventional method of photocopying and delivering paper meeting documents. In the long run, this will save money on printing, administrative overhead and material expenses.
Govenda, a Diligent brand, offers a low-cost and feature-rich board governance software that is optimized for community healthcare organizations, higher education institutions and credit unions. The software provides the tools, analytics, and insights required to improve efficiency across every aspect of the governance cycle.
The software reduces the risk that sensitive information will be released by storing all meeting materials in a central, secure location. The software supports more effective meetings by offering easy to use tools for taking notes, sharing them, creating polls and surveys, as well as permitting participants to sign legal documents electronically.
