Board management software can be called board portals and is designed to streamline the management of a corporate board. It automatizes the routine tasks like scheduling meetings, sharing documents and distributing meeting minutes. It also offers tools to help directors communicate effectively with one another in person as well as online. Some vendors provide the complete solution, whereas others require users to purchase additional integrations to support specific read review functions. This article highlights five key characteristics of the board management software based on the ratings given by verified software users. It provides the top-rated products for each feature.
The document management feature centralizes all documents from the board into a single repository and improves the management of information and efficiency. It also includes collaboration features like real-time commenting and annotations, which allow users to review documents simultaneously as well as facilitate faster feedback and decision making. This feature includes accessibility and version control permitting administrators to set levels of authorization for documents and files.
Security is an important aspect for any company that is considering adopting new software. This is especially relevant when the software is handling sensitive data. Freeware typically comes with weak or no encryption, making boards vulnerable to breaches which could result in financial loss and damage to the reputation. It is recommended that you only select a solution with at least 256 bits of encryption or more.
A solid board management software will reduce administrative work and also save time. This means more time can be devoted to important projects and initiatives. To determine the best option you should conduct an exhaustive research and assessment. Apart from assessing the functionality of each tool, it’s important to look at how each tool integrates with your current technology stack.
