Board Management Software is a collection of tools designed to help your board become more efficient and productive. It lets directors’ boards perform better by allowing them to access documents and information from any location and from any device. This means that board members will spend less time scouring emails and shared files and more time working on the strategy and governance.

The best board portals feature tools for scheduling and invitations agendas that are automatically created with time limits and individuals assigned for each segment of the meeting, embedded references and a variety of collaborative tools, like annotation tools, which can improve collaboration and discussions. Most systems offer e-signature capabilities to speed up the signing of documents following meetings.

These systems permit boards to meet more frequently and more effectively than those that do not. The technology allows you to keep track of action items and follow up on tasks that were not completed.

There are many different software companies for board governance that offer a variety of products, and all at varying price points. But, it’s important to be aware that not all software are designed equally. Free systems, for index instance tend to lack features and do not always provide the functionality boards require.

Similar to paid solutions, paid ones are typically more expensive than their free counterparts, but they can save time and money over the long term by making your board more effective and efficient. It is important to evaluate different systems with respect to your needs and select one that will continue to improve to meet your board’s changing needs in the future.