Board Meeting Software is a tool that lets directors access all the information they require prior to straight from the source a meeting, in contrast to a paper-based process. This includes documents such agendas, board packs and minutes along with presentations and other important documents. This allows attendees to maximize their time at a conference without having to refer back and forth between various pages of documents, making meetings more efficient.
Another great benefit of these tools is that they can be utilized to collaborate on documents with other members. It is possible for members to work on a document in Chicago while their CFO in New York works on it at the same time, which can increase efficiency. The documents are also accessible from any device. This means that a director can review and contribute even when they are on the road or attending a conference away from the office.
These tools also allow you to electronically sign documents during meetings. This is especially useful for remote teams, as it is difficult to approve documents physically. It’s also a great method to improve transparency in the voting process by recording the decisions taken during meetings.
It can be difficult to choose the best board management software due to its many features. Select a software that will suit the needs of both your company and your directors. You should also look for a demo or free trial to allow you to test the tool before making a final decision.