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Board management software is a software that streamlines the scheduling, execution and follow-up of board meetings. It is a valuable tool for all organizations. It can enhance efficiency and governance through collaborative workflows, and provide an audit trail of all actions that were taken during meetings. It can also streamline administrative tasks, such as creating agendas for board meetings, scheduling meetings, and distributing documents to the board. It also supports best governance practices, like incorporating important discussions and decisions into agendas for meetings and including security and health as a default item on the agenda.

A board portal online can also help increase collaboration and communication among directors as they can discuss and exchange ideas live via video conference or chat. It is also simpler to share and update documents and eliminates the requirement for physical boards as all the information is available at one place. Board management tools can also help to streamline the preparation of meetings by allowing directors to review documents and old minutes before a meeting. Administrators can easily add pertinent references to the virtual board book, to ensure that directors have immediate access to the book during a meeting.

When deciding on a board management tool, it is crucial to think about how it will fit to your company’s overall digital transformation strategy and goals. If the stakeholders can see that the new software is aligned with the rest of your business, the process of acquiring it will be less difficult and the transition to using it will be smoother. It’s also an excellent idea to look for a software that has trial periods to allow you to test it before you decide to sign up for an annual subscription.