Board management software, also known as a portal for boards or an electronic governance solution (EGS) simplifies and automates a variety of tasks involved in running an organization’s board. Tracking attendance, organizing meetings in a way that facilitates document approvals and sharing meeting information online or via mobile devices are all components of the board management software. These tools help companies streamline meeting processes, provide directors with the ability to view and annotate documents from meetings and provide a better user experience that creates an effective boardroom environment.
As opposed to email, which allows documents to be sent back and forth and stored in a sprawling email thread, the most effective board management software has a central digital location for all documents used in meetings. The board director’s documents are safe and secured. Each person has access only to the files they are allowed to access. Board members can also be updated in real-time by announcing changes to the agenda of meetings or reports as well as urgent company news through an easy-to-use communication tool.
The ideal online board management software is one that is easy-to-use and has a familiar interface so users can interact with it at their own pace without needing to master a new application or software. The solution should not be over-engineered with features that will be rarely utilized, resulting in a unsatisfactory and ineffective use of the system. A user-friendly and intuitive interface can be a significant factor in the performance of a board management software solution and its adoption by busy administrators and board members.