Board management tools improve governance and decision-making, and improve the visibility of corporate operations. They streamline board meetings process, automate procedures and help to share documents with stakeholders. Many of these tools feature transparency features that encourage good governance and accountability.
The main function of the software for board management is to provide a central place for document creation sharing, distribution and collaboration within a secure digital environment. It’s similar to project management software but with a more focused on the specific needs of a business for example, the creation and distribution of meeting agendas as well as document libraries, voting and minutes of meetings.
Both administrators and board members can save time. Meeting preparation can be done in a matter of minutes, thanks to the ability to create an agenda in a single click and share it instantly. Documents are accessible easily with permissions set for specific groups. Real-time edits and updates are automatically saved.
It helps new board members to be productive as quickly as possible. A digital orientation portal, access to historical minutes of meetings and other pertinent documents allow new board members to start their careers and contribute effectively.
It guards sensitive information and board records from being altered or accessed by unauthorised individuals or companies. Secure access and audit trails help track changes and protect from unauthorized or accident deletions. Some solutions offer a variety of features that can improve collaboration and security, including video conferencing integrations and online private workrooms.