Board management software is an app or website that is specifically created to assist a Board of directors and administrators with secure access to digital meeting materials. Also known as a “board portal,” this technology is an important tool that helps improve governance and create efficiencies at the board level. Many people think it’s a cost-effective addition to an office. In fact, it’s an investment that pays for itself with increased efficiency and streamlined procedures.
A top-quality solution for a portal for boards can range in price from free to expensive depending on the features available and the needs of your company. Generally, paid options will include subscription fees, as well as costs for additional features or customisations. However, the cost is still considerably less than the standard alternative of photocopying and delivering paper meeting documents. This can save you money in the long-term on printing, administrative costs and materials expenses.
Govenda, a Diligent brand, offers affordable Board Governance software that is feature-rich and features which is specifically designed for community healthcare institutions along with higher education institutions and credit unions. The software provides the tools, data and insights needed to drive efficiency across all responsibilities at any stage of the governance cycle.
The software minimizes the chance that sensitive information will be released by storing all meeting materials in one central, secure location. The software facilitates more efficient meetings by offering easy to use tools for taking notes and sharing them, as well as creating surveys and polls, and providing participants with the ability to electronically sign legal documents.