Boards employ a variety of tools in order to prepare for meetings, such as sending documents to each other and using file-sharing websites. While these tools are often useful for organising and sharing documents however they lack the flexibility or security to satisfy the requirements of the board. The right board document management software can increase the efficiency of meetings and reduce administrative expenses. Evaluate the requirements of your board members and administrators, then look for a solution that matches the needs of those.
Look into solutions that allow directors to design their own agenda templates, or use a drag and drop tool, as an example when your main concern is coming up with the agenda items and the board book. If the main concern is ensuring that directors have access to all needed information prior to and during the meeting, look for a solution which includes a complete board library and enables secure sharing with external stakeholders (such as auditors and legal).
The best boards make use of technology to aid collaboration and streamline meeting processes. While first-generation solutions focused on shifting meeting materials from paper to digital, more recent board portals have transformed into fully unified software platforms with sophisticated capabilities to facilitate efficient meetings and effective governance practices. Choose a software provider that is cloud-first in its engineering approach and a track record of working with global clients to maximize the return on investment. Ask prospective providers to demonstrate how they will protect your private data and offer 24/7 assistance for you and your team. During the evaluation process consider whether your prospective board software is designed to grow with you as you expand your operations and your user base.
