Software for board of directors assists companies to plan to schedule, conduct, and even execute meetings. The software also assists with the storage and review of minutes of meetings, documents, and other materials created by the meeting. These tools to make meetings more efficient and productive by providing efficient solutions to the most common problems faced by boards of directors.
Online board management is a key driver for many companies looking to eliminate paper documents as it offers both security and efficiency benefits. The main reason is the lengthy task of document preparation and distribution as in addition to security risks and inefficiencies posed by emailing board documents and using free file-sharing websites like Dropbox or Google Drive.
Furthermore, the ability to electronically sign documents and emails reduces the need for physical signatures. This feature allows directors to upload documents and request signatures from particular members, and view their signatures from a single dashboard. Lastly, priority security features are available with all the top portals for board members and protect information with the highest level of encryption.
Another significant characteristic of the software is its capacity to manage and share information quickly with other directors prior to your next meeting. This feature allows you to easily locate and distribute meeting materials, communications from peers, organizational policies or any other information needed for your next meeting. This central access will reduce the amount of time you or your assistant administrative search through emails and physical board packs prior to your meetings.