Board management software is an app or even a website that is specifically designed to provide a board’s members and administrators with secure electronic meeting materials. This technology, also referred to as a “board-portal,” is an important tool to improve governance and create efficiency on the part of the board. Many view it as an expensive option for the boardroom but in reality, it’s an investment that will pay for itself in the form of increased efficiency and streamlined processes.
A top-quality solution for a board portal can range in price from free to costly, dependent on the features offered and your business’s requirements. Generally, paid options will include subscription fees and extra costs for additional features or customizations. However, the cost is much lower than the conventional method of photocopying documents and sending them by post. This can save you money in the long-term on administrative costs, printing and other materials costs.
Govenda is a Diligent brand that provides affordable board governance software that comes with an array of features. It’s optimized for websites nonprofits, community health organizations as well as higher education institutions and credit unions. The software provides the tools, analytics and insights required to improve efficiency across all responsibilities at any point of the governance cycle.
The software decreases the likelihood that sensitive information could be leaked by keeping all meeting materials in a central secure location. The software helps facilitate more effective meetings by supplying easy-to use tools to take notes and share them, as well as creating surveys and polls, and allowing members of the meeting to sign legal documents electronically.
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