Board management software can be an app or website that is specifically designed to provide board’s members and administrators with safe digital meeting materials. This technology, also known as a “board-portal,” is an important instrument to improve governance and generating efficiency at the top of the board. Many people believe that it’s a cost-effective addition to a boardroom. In reality, it’s an investment which pays off in the form of the efficiency of the process and improved efficiency.
A high-quality board portal solution offers a range of costs from low-cost to high-priced depending on the features are included in the platform and your needs as an organisation. Generally, paid options will include subscription costs and additional costs for additional features or customisations. The cost is generally less than the traditional method of photocopying documents and sending documents by post. This can save you money in the long-term on printing, administrative costs and material expenses.
Govenda, a Diligent brand, provides affordable and feature-rich board governance software designed for non-profits, community health organizations along with higher education institutions and credit unions. The software includes the tools, insights and analysis needed to increase efficiency at every stage of the governance cycle.
The software reduces the risk that sensitive information will be leaked by keeping all materials for meetings in a central secure location. It also facilitates more productive discussions during meetings, by providing simple tools for taking notes and sharing them, creating surveys and conducting polls and allowing participants to sign legal documents electronically and secure.