Board Management Software and Board Portals
Board Management Software is known to revitalize boards by increasing efficiency and productivity as well as output. Sometimes referred to as Board portals, these applications let you centrally store and share board documents, schedule meetings and more with the most advanced security. They also help improve accountability by ensuring that board documents are not lost in the members’ desktop folders, inboxes, or other random places. Many of them have features for tracking tasks, which allow you to track progress. They can also identify the person accountable for each metric. This helps eliminate grey areas and the possibility for tasks to slip between the gaps. Survey and voting tools can be included too aiding you with classic board functions such as agenda item votes and collecting other types of feedback from members in and out of meetings.
Choosing the right Board platform for your business is vital and there are numerous things to be aware of. Look for a vendor who emphasizes group training, support and guidance so that new members can swiftly get up to speed. Choose a product that offers an electronic signature option to eliminate the requirement for paper signatures, and ensure that your documents are kept secure.
You’re looking to create a portal for your board that can be used by more than your board and can be extended to include committees and other groups of members. For instance, Memorial Health System, an integrated healthcare system that spans Ohio and West Virginia, has been able to expand its use of Diligent’s BoardEffect to multiple committees and internal groups, which has helped them create additional efficiencies.