Businesses are more interested in investing in multi-purpose solutions rather than spending money on one-dimensional assets. Imagine paying for a communication software or data storage software separately and then managing both of them too. That is why multi-functional technologies like board portal software have now replaced these types of solutions.
Board software not only makes sure that corporate leadership has centralized data storage, but it can manage assigned tasks and safely communicate within the same platform. Virtual boardroom vendors keep coming up with new and effective ideas to simplify and automate as many things as possible.
However, it must be noted that not all virtual boardrooms have the same features, quality, and security levels. Similarly, some vendors may overcharge for their services, while others may have inefficient customer support service.
So which virtual boardroom should be trusted? Or which one is better? Here are some of the best board portal software in 2022 and what they are offering to the corporate world. Let’s start with an introduction to board software.
What is a virtual board portal?
A virtual board portal is an online collaboration space for boards of directors, chairpersons, board secretaries, investors, stakeholders, CEOs, CFOs, and business teams working under the company directors.
Using board portal tools, boardroom members can share and annotate documents, create general posts, engage in group chats, keep track of their tasks, arrange meetings, start live Q&A sessions, cast votes, create polls, work on shared documents, restrict document access, and whatnot.
In simple words, board software streamlines three major processes:
- Board document management
- Board meetings
- Board communications
Top 5 board of directors portal software in 2022
1. BoardMaps
BoardMaps board portals have an unbelievable 5-star rating on Getapp, SoftwareAdvice, and Capterra — and that is why they topped our list.
BoardMaps boasts every necessary tool required for board meetings (before, during, and after). As a matter of fact, it is one of those few issues-centric virtual boardroom solutions that allow the managers to raise issues during meetings and get them discussed.
Apart from that, BoardMaps allow the managers to keep records of decisions made, monitor them, and easily follow up on them to ensure that corporate targets are achieved. Using this software, you can easily turn an agenda into actionable items and keep track of the progress.
BoardMaps boardroom is highly recommended for real-time execution reporting, tasks management systems, meeting agenda management, the scope of current issues, and voting and polling tools.
2. iDeals board portals
Another highly rated virtual boardroom software at G2, Capterra, and other well-known software review websites — iDeals board portals — makes dealing with hundreds of files simpler than you think. When it comes to board document management, iDeals can easily top the charts.
Using iDeals, you can manage your business materials, improve board collaboration, and streamline board meetings from start to end. One of the best things about iDeals board portals is the control over document access. That is, boardroom users or management can restrict anyone from accessing or misusing any document.
Notable features of iDeals boardrooms include two-step authentication for better boardroom security, 256-bit encryption, document management tools, electronic signatures, voting tools, approval process management, annotations, polls, private chat messenger, calendar management, customer support service, and event notifications.
3. Nasdaq Boardvantage
Boardvantage board portal software was specifically developed for company directors. Boardvantage helps the board of directors in fulfilling their corporate and fiduciary responsibilities and keep up with the evolving corporate governance practices. Nasdaq Boardvantage is very effective for handling board documents and smoothly managing board meetings.
Boards can trust this board of directors portal software for safely storing, accessing, and sharing board documents. Other notable features include secure email, collaboration tools, offline access to boardroom documents, e-signatures, annotations, and voting tools.
4. Diligent
Diligent board portals are one of the oldest and most highly regarded board solutions that have helped company boards mitigate risk and manage regulatory compliance. That is the reason why Diligent boardrooms have served over 23000 companies and 700,000 board members since 2001.
Document and boardroom security is one of the most notable strengths of Diligent Boards. Diligent teams educate their clients about new products or features via in-person seminars and webinar tutorials.
Hundreds of companies from different sectors, including energy, education, nonprofit, healthcare, financial institutions, and government organizations use Diligent boardrooms.
Notable benefits include preparation and distribution of board packs, secure messaging service, simplified board presentations, task management, instant digital signatures, and streamlined board meetings.
5. BoardEffect
A simple, intuitive, and easy-to-use board software, BoardEffect is a very trustworthy option for seamless online board collaboration, document handling, and board meetings. Among many other features, BoardEffect offers unlimited storage space and on-premise installation.
BoardEffect boasts a wide range of communication and meeting tools and hard-to-beat security. Another good thing about BoardEffect is its suitability for boards, managers, administrators, and board teams.
Some worth-mentioning BoardEffect advantages include a highly efficient voting system, unlimited data storage capacity, fast document search options, calendar management, online board books, collaboration tools, and task assigning and management.
Rounding it up
It is no secret that board portal vendors differentiate their services by offering something unique. For instance, BoardMaps is issue-centric board software, while iDeals board portals are unbeatable in data security, customer support service, and document management. Similarly, Diligent Boards are effective for different types of industries and a diverse CS department. Most importantly, these virtual boardroom solutions have been rated highly by actual consumers.
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