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Board management software, often called board portals designed to ease and simplify the task of running the corporate board. It automatizes the routine tasks like scheduling meetings, sharing material and distributing meeting minutes. It also provides tools to assist directors in working effectively with one another, both in person and online. Some companies offer a complete solution, while others require users to purchase additional integrations to support specific functions. This article outlines five essential characteristics of software for managing boards that are based on the scores provided by verified software users. It also highlights the top-rated software for each feature.

The document management feature centralizes and arranges all documents related to boards in one repository, enhancing efficiency and management of information. It also includes collaboration tools such as live annotations and comments, which allow members to go through documents simultaneously and facilitate quicker feedback and decision-making. This feature also provides access control and version control, which allow administrators to define levels of authorization for documents and files.

Security is an important consideration for any company that is considering adopting new software. This is especially applicable when the software is handling sensitive data. The majority of freeware comes with no encryption. This leaves boards exposed to breaches which could cause financial loss and damage to reputation. It is advised to select a solution that comes with solid encryption with 256 bits or greater.

A reliable board management software can help reduce administrative burden and increase efficiency, allowing more time for important projects and initiatives. However, choosing the right solution requires careful evaluation and investigation. Aside from checking the functionality of every tool, it’s important to consider how well each function integrates with your existing technology stack.

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