What Is a Board Management Tool?

A board management tool is a software program designed to improve and enhance governance within your company. Board members, executive teams and committees use them to communicate information and conduct business. The best software for board management allows you to establish a central source of truth, streamlining meetings, and be in charge of your company’s workflow.

A digital board management system can help board members and their administrators to save time by automating tasks like creating agendas for meetings and sharing board packets and locating lost documents. By removing email and other unsecured methods of file sharing it can reduce the chance of cyber-attacks. The best boardrooms employ a secure, robust and secure platform that has built-in advanced cyber security.

A digital board portal permits all contributors to manage and organize essential documents in one place without having to search through paper, cumbersome PDF files on shared drives or resend emails sent out of the order. Board document management systems give granular permissions so that only those who require them are able to access the necessary documents.

Even the most organized people are unable to coordinate everything for meetings. Board management tools can streamline the process by providing a calendar for meetings, online private workspaces and video conferencing integrations. They also make it easier to keep track of and distribute meeting minutes and keep an eye on action items using automated reminders as well as other helpful features.

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