Board management software (also called board portals) allows administrators to better manage corporate meetings. It can cut down on meeting preparation time by removing the requirement to print, assemble and distribute physical copies of materials and documents. With board meeting software, any last-minute changes to the agenda or other materials can be updated quickly and then shared instantly. This helps administrative staff save time and effort, making the entire process much more efficient.
When choosing a software solution for board governance, it’s important to think about how the tool will fit into your company’s overall strategy for digital transformation. If the stakeholders are aware that the new software will enhance existing processes, rather than replace them with outdated technologies they’ll be more likely to buy in, and the transition will be less stressful.
Consider options after you have determined what your company needs in terms of tools for boards. While doing this, make sure to consider the features that are essential and which aren’t. This will enable you to narrow your search and ensure you’re choosing a product that will give you the best value for your investment.
Nasdaq Boardvantage is a leading board management tool that simplifies corporate meetings for effective governance and better communication between committees and boards. The intuitive interface and robust safety help directors and executive teams to work more efficiently and productively. The software comes with features such as calendar management, document storage, and meeting minutes. It also includes an online directory of members.