Board governance software allows directors to work together effectively and remotely. It enhances communication and streamlines processes, which increases productivity. These benefits are beneficial for the bottom line of a company as well as its overall health. The selection of the right governance software is a difficult task. It’s important to prioritize the software that meets the specific requirements of your company. Make your list of preferred software options and discuss with other board members to ensure that they are comfortable with the choice. Consider a free trial period to get a feel for the software.
Some of the more advanced board portals provide tools for creating agendas, meeting schedulers and document storage. Some provide several collaboration tools such as text and video chat discussions boards, as well as 1:1 communication channels. They also provide a variety of ways to make annotations on files and documents. The best governance portals let you verify attendance at meetings and cast votes on issues with a single click.
One of the most popular options for software that helps manage board meetings is Boardable that offers many features that allow for an easier approach to meetings and documentation. Users have access to materials for board meetings, updates, and calendars through a customized newsfeed. It also supports board meetings without paper and e-signature options. Security features include multi-factor identification, touch or facial ID, and 24/7 support.
Nasdaq boardvantage is an alternative for board governance. It provides a range of tools to help improve board meetings and increase productivity. This includes an online board book which includes agendas for meetings as well as minutes, and also hyperlinks to all relevant documents used by the board. It is accessible from any device and is suitable for large and small organizations. Its secure features include multi-factor authentication and multi-layered security.