Board management software can be an app or a website that is specifically designed to provide board’s members and administrators with secure electronic meeting materials. Also referred to as a “board portal,” this technology is an important tool to improve governance and create efficiencies at the board level. Many see it as an expensive addition to the boardroom, however, in reality, it’s an investment that will pay for itself through increased efficiency and improved processes.
A high-quality solution for a portal for boards could cost anything from free to high-end, depending on the features available and the requirements of your company. In general, paid solutions include subscription costs and additional costs for additional features or modifications. However, the price is considerably lower than the traditional option of photocopying and delivering paper meeting documents. This can save you money in the long-term on printing, administrative costs and material costs.
Govenda is a Diligent Brand that offers a low-cost board governance software with numerous features. It is designed for community health organizations and higher education institutions and credit unions. The software offers the tools, data and insights needed to drive efficiency across every aspect of the governance cycle.
The socialboardroom.com software reduces the risk that sensitive information will be released by keeping all meeting materials in a central, secure location. It also facilitates more effective discussion during meetings by providing easy-to-use tools for taking notes and sharing them, creating surveys and conducting polls, and allowing participants to easily sign legal documents electronically and secure.