Board management software is a piece of technology which allows board members collaborate, conduct meetings and follow-up on actions following meetings. These tools can be used differently depending on the needs and requirements of the company. They also aid in improving the governance process by encouraging participation of board members and helping to make better business decisions.

Board portals, in contrast to traditional conference calls and email, are designed using secure technology for communication that keeps information confidential and prevent data breaches. The board portals do away with the need for administrative staff to gather and distribute materials for meetings to members. Instead, these systems put all the information needed at the fingertips of each board member. This reduces preparation time and allows boards to concentrate on more strategic issues.

A business can also save money by using board management software to organize and conduct meetings. For instance, using this technology will result in more efficient virtual and hybrid meetings and decreases the necessity of sending material for meetings via mail or courier. A company could also save money on accommodation and travel for board members. The software is also able to be used on any device that has internet connectivity.

Apart from these features, board management software has many other features that make it a crucial tool for businesses. It can be used to organize and store important documents, like committee reports and fact sheets. It can be used to manage financial reports, HR reports and legal reports. It can be incorporated with file-sharing platforms such as Dropbox and Google Drive to allow users to upload documents quickly into the system. Furthermore, this type of software is also equipped with a note-taking feature which lets board members note down important details during meetings.