Board management software is an application or website that is specifically designed to support a board of directors and administrators by providing secure access to meeting materials. Also known as a “board portal,” this technology is an important tool that can help improve governance and increase efficiency at the board level. Many see it as an expensive option for the boardroom but in reality, it’s an investment that will pay for itself through increased efficiency and streamlined processes.

A top-quality solution for a portal for boards can cost anything from free to expensive depending on the features available and your business’s requirements. In general, paid options include subscription fees and additional charges for customizations and additional features. However, the price is still considerably lower than the conventional method of printing photos and mailing meeting documents. In the long run, this will reduce printing, administrative overhead and material costs.

Govenda, a Diligent brand, provides a reasonable, feature-rich board governance software which is specifically designed for nonprofits, community healthcare organizations, higher education institutions and credit unions. The software includes the tools, analytics, and information needed to increase efficiency across all levels of the governance cycle.

With strategic awareness a secure central location for all meeting-related materials The software eliminates the need to send sensitive information via email and reduces the chance of data breaches. It also facilitates more effective discussion during meetings by providing easy-to-use tools for taking and sharing notes as well as creating surveys and conducting polls and allowing participants to easily sign legal documents electronically and safely.