Board management software (also called a portal for boards) is an application that allows collaboration and communication between committees and boards making meetings easier. It allows board members to examine and exchange documents in a safe online environment and interact with one another prior to or after meetings. It also offers a set tools to create agendas as well as surveys and votes to let all members take boardwallet.com part and make collaborative decisions.

Utilizing board management tools such as the ones offered by Aprio allows boards to reduce the time spent on board meeting preparation. It is possible to design an agenda and modify it within minutes if you use the right features. These tools provide multiple layers and strict security that allows administrators to manage permissions.

Meetings can be cut down by providing easy access to documents in advance, arranging meetings ahead of time, using agenda templates and adding new items with the touch of a button, timing the time for discussion on agenda items, and including an interruption in between each session. Board management tools include a notepad for board members, where directors can voice their opinions on specific topics either during or after the meeting. This allows them to participate in the discussion.

Board management tools also permit easy sharing of crucial reports like the chief executive’s report, financial reports and committee reports. This eliminates the need to store documents in paper copies and reduces printing costs.