This article describes the trends in the board software market. What are the reasons for the popularity of these tools, how is the software market evolving, and what are the best board portal reviews?
Why do companies choose the board software?
Due to the global pandemic, virtual board software options have surged in popularity as most businesses transition to remote work. It is likely because there are many benefits to moving to the virtual space to conduct board meetings. However, many successful companies have previously opted for full digitization even without being forced to switch to online platforms due to the pandemic. For this reason, it’s essential to consider what makes online board meetings so appealing.
The board portal or board management software is a cloud-based secure online data repository and platform designed for data storage and smooth collaboration between board members and high-level business professionals.
For most executives, the main selling point of board portal software is its cost-effectiveness. It’s hard even to list how moving to virtual boardrooms will reduce costs for your business, but let’s try:
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First, you don’t pay the airfare and lodging for the directors from across the country or even the world to attend the board meeting. Even reducing these costs may be enough for many to start looking for ways to immediately switch to a board portal.
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The virtual flow also lowers the cost of the equipment needed to run the meetings smoothly.
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Holding high-level meetings can involve many anticipated and unanticipated costs that come out of the company’s pockets. If such costs can be avoided simply by holding board meetings online, it is a significant win for the company.
What are the best board solutions according to reviews?
The sheer number of choices makes it difficult to find the right board software solution for your business. Based on board management software reviews we’ve examined the market leaders and narrowed it down to a more manageable list of 10 best options:
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Azeus-Convene
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Boardmaps
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Diligent
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Nasdaq
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Board Intelligence
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OnBoard
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Sherpany
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DocSend
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Boardadvantage
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Boardeffect.
Boardmap – the leader among board solution
The Boardmap solution is designed to automate the preparation and holding of meetings. It is flexibly adapted to business needs and is now successfully used by both representatives of government agencies and private businesses. The software allows you to prepare and hold face-to-face, remote and absentee meetings of committees, working groups, and governing bodies with legally significant voting.
The system automatically sends the meeting participants notifications about the upcoming event and the receipt of tasks following the protocol. Within the solution, business processes are already set up and established, contributing to effective meetings and discussions. Employees may not have to worry about organizing meetings in the company or building work from scratch.
At the heart of the BoardMaps product is the idea of “questioning.” The issue is the crucial entity around which the work of the collegial body is organized, and the issue circulation is a technology that provides support for the entire life cycle of the issue: from its inception to decision-making and execution of instructions. With each status change, BoardMaps performs several predefined procedures: changing the access rights and visibility of the question, granting access to certain functions (for example, voting), allowing or denying editing, adding materials, etc.