Board of directors software is a cloud-based solution. It is a tool that allows you to manage virtual board meetings and improves communication between board members. It also helps boards achieve optimal governance. It eliminates the need for meeting materials to be physically stored and also provides secure document storage that utilizes advanced encryption protocols. Directors also have access to many options such as eSignatures and voting, directories and more. It is often utilized in conjunction with board portals and offers the most effective management of board meetings tools to ensure effective collaboration between board members.

One of the most significant features is the capability to upload agendas, board books and other meeting documents. They are later edited, annotated and uploaded to the platform using various tools. Directors can prepare for meetings and distribute minutes following the meeting. Furthermore, a majority of top board software providers have video conferencing so that virtual meetings can be conducted without having to switch apps.

Incorporating an eSignature function into the portal can reduce paper usage and speed the approval process. Some solutions allow you to create an e-signature request and track the status of the document when it is signed. This is a great way to cut costs and improve efficiency for your company.

The most popular tools that are available on a board portal are a discussion tool for the sharing of ideas between directors and a polling instrument for quick data collection, and a resource library for board education. These tools can be used during board meetings to keep directors aware about the latest developments within the company. They can also assist directors make better decisions. It can also help save time by not having to make use of direct messaging threads.