Board management software (also called board portal software) is a special application that provides boards of directors as well as senior leadership teams with a secure way to access, share and manage data. It assists them in streamlining their decision-making process and allows them to communicate more effectively with one another and with external stakeholders.
The most effective board management tools help boards organize agendas for meetings and prepare for upcoming meetings. They also allow members the opportunity to review important documents prior to the meeting, and also post questions or comments to be discussed during the meeting. Some of these tools also have a video conference feature that allows board members to attend meetings from anywhere in click reference the world and interact in real-time along with others.
People who have worked with these kinds of tools typically say they improve the effectiveness and efficiency of meetings, and the quality of decisions made by the board. It is important that the board of directors pick the solution that has been created with good governance in mind, and is used by all stakeholders to support better decision-making.
It is crucial that all the stakeholders including the IT team, invest time for training in order to become comfortable with the software. Choose a solution that offers no cost trial versions and run on the devices you are most likely to use. This will enable you to move from one tool to another easier and more effective.