What is Board Management Software?
Board management software provides a shared, secure space for board directors to access board documents, and collaborate with other directors. Documents or other assets stored on the platform are viewable only by those given access by the software administrator.
Increased regulatory scrutiny has led to larger boards with more frequent meeting schedules and document review. This has fueled the creation of more board management software offering and has also encouraged the development of more platform features.
Board Management Software Features & Capabilities
Access control features for managing access by role or clearance level
Built-in messaging providing secure communication between board members
Document creation tools for creation and dissemination of board packets, agenda, meeting minutes, etc.
Collaboration tools allowing board members to comment on documents etc.
Security such as two-factor login and document and message encryption
Pricing varies widely depending on the level of features, and the number of users. Typical pricing for up to 20 users ranges between $1,000 and $12,000 per year.