Board management software is sometimes called board portals, and is designed to simplify the administration of a corporation’s board. It automatizes tasks like scheduling meetings, sharing information and distributing minutes. It also offers tools to assist directors in working effectively with one another in person and online. Some vendors provide full solutions, while others require users to purchase additional integrations for specific functions. This article highlights five key characteristics of software for managing boards based on the ratings given by verified users of the software and highlights the top-rated software for each feature.
The document management feature centralized and organizes all documents related to boards in one place, improving efficiency and managing information. It also comes with collaboration tools such as real-time annotations and comments which enable members to review documents simultaneously and facilitate quicker feedback and decision-making. This feature is equipped with accessibility and version control that allow administrators to set levels of authorization for documents and files.
Security is a key consideration for any company adopting new software, particularly when it is handling sensitive data. The majority of freeware comes with no encryption or even a weak one. This leaves boards exposed to breaches which could cause financial loss and damage to reputation. It is advised to select a product that has solid encryption with 256 bits or higher.
A good board management software can reduce administrative work and help you save time, which allows more time for important projects and initiatives. However, selecting the best solution requires careful evaluation and investigation. In addition to checking the capabilities of each program it is important to determine how well each feature integrates with your current technology stack.