Board management software, also known as a portal, or board portal, is an online application that enables board management software communication and collaboration among boards and committees. It helps simplify the meeting process. It lets board members examine and exchange documents in a secure online environment and engage with one another prior to meetings, during and after. It also provides the tools needed for the creation of agendas, surveys, and votes that enable members to participate and make decisions in a collaborative manner.
Utilizing board management tools such as the ones offered by Aprio can help boards cut down on the time they spend on board meeting preparation. With the right features, it is possible to create and update an agenda within a matter of minutes. These tools also offer various layers of secure security, allowing administrators to manage access and ensure that sensitive information is secure.
Meeting durations can be cut by providing access to all documents in advance, and scheduling meetings in advance and allowing you to make use of agenda templates and adding new items with the click of a button scheduling discussion time for agenda items and also allowing a short break between each session. Board management tools include a notepad for the board, where directors can voice their opinions on certain issues either at or after the meeting. This lets them be active participants in the discussion.
Board management tools permit easy sharing of important reports, such as the chief executive’s report financial reports, the chief executive’s report, and committee reports. This removes the need for archiving copies of documents on paper and also reduces printing costs.