Board management software is an app or a site that is specifically designed to provide a board’s members and administrators with safe digital meeting materials. Also referred to as a «board portal,» this technology is an important tool that can help improve governance and efficiency at the board level. Many consider it to be an expensive option for the boardroom however, in reality, it is an investment that could pay for itself through increased efficiency and improved processes.
A top-quality solution for a board portal can cost anything from free to costly, depending on the features included and your business’s requirements. Generally, paid solutions will include subscription costs and additional costs for additional features or modifications. However, the price is considerably lower than the conventional method of printing photos and mailing meeting documents. In the long run, this will reduce printing, administrative overhead and material expenses.
Govenda, a Diligent brand, offers a low-cost high-quality, feature-rich software for board governance that is optimized for nonprofits, community healthcare institutions along with higher education institutions and credit unions. The software comes with the tools, insights, and analytics required to boost efficiency at every stage of the governance cycles.
The software decreases the likelihood that sensitive information could be released by storing all materials for meetings in a central, secure location. The software facilitates more efficient meetings by supplying 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.
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