Board of directors software is a cloud-based solution that organizes virtual board meetings, enables smooth communication between members and helps boards achieve optimal governance. It eliminates the need for meeting materials to be physically stored and offers secure document storage with advanced encryption protocols. It also lets directors access many features like eSignatures, voting, directories and more. It is frequently used in combination with boards portals and provides the most effective management of board meetings tools to ensure effective collaboration between board members.

One of the most important features is the ability to upload agendas, board books, and other meeting documents. These documents can be edited, annotated and shared by using a variety of tools. This lets directors prepare for meetings quickly and also assists in the distribution of minutes following the meeting. The majority of top software providers for boards provide video conferencing, which means that meetings can be conducted without having to switch applications.

Adding an eSignature option to the portal can reduce the use of paper and speed up the approval process. Some solutions even let you set up an e-signature request and track the status of the document as it is signed. This is a great method to help your business reduce costs and improve efficiency.

A good board portal will include tools like a discussion tool that encourages the exchange of ideas between directors, a polling system to collect data quickly and a library of resources to help educate board members. These tools can be used during board meetings to keep directors aware of the latest developments in the company. They can also aid directors make better decisions. It also helps save time by removing the need to utilize direct messages.