Tools that facilitate collaboration during board meetings let teams discuss and solve issues as if all in the same place. These tools should be easy to use, effective and secure. In addition, meeting preparation and follow-up following the meeting should be as simple and efficient as is feasible.
A few years ago, the tools for team collaboration such as Skype, Google Docs or Yammer were adequate to facilitate discussions and meetings. These tools are no longer enough to meet the demands of modern boards. Board members expect more from their board management tools than simply document sharing and discussion forums. New board meeting software is designed to meet these needs and assist businesses in getting the most from their meetings and decision making processes.
The best collaboration tools for board level are user-friendly and extremely customizable, allowing for users with different technical skills to quickly master how to use the software. These software applications offer a variety of advanced features to aid in pre- and post-meeting tasks. Certain software products provide immersive and interactive virtual meetings. Some integrate revenue management software to provide real-time financial data which allows boards to better comprehend trends in business and their impact on their decision-making.
A streamlined process of scheduling and the storage of meeting materials is one of the most essential features of any software for managing boards. Certain solutions permit board members to sign documents electronically while others allow for notes and annotations from meetings to be shared. Additionally, some software provides more security by allowing administrators to restrict access to specific members of the board and/or meetings.