Board management software is an app or even a website 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 assists improve governance and create efficiencies at the board level. Many view it as an expensive upgrade to the boardroom, however, in reality, it’s an investment that will pay for itself through increased efficiency and simplified processes.
A top-quality solution for a portal for boards can cost anything from free to expensive, depending on the features that are included and your business’s requirements. Typically, paid solutions include subscription fees and extra charges for additional features or customisations. However, the cost is still considerably less than the traditional alternative of photocopying and mailing paper meeting documents. This could save you money in the long-term on administrative costs, printing and other materials costs.
Govenda is a Diligent Brand that offers a low-cost board governance software that comes with many features. It’s specifically designed for nonprofits, community health organizations as well as 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 cycle.
With a secure, central location for all meeting-related materials, the software eliminates the need to send sensitive information via email and lowers the chance of data breaches. The software helps facilitate more effective meetings by providing easy to use tools for taking notes and sharing them, as well as creating polls and surveys, and providing participants with the ability to electronically sign legal documents.