Collaboration tools for board meetings aid teams that are dispersed across the globe discuss and solve issues as if they were all sitting in the same room. These tools must be simple to use, efficient, and secure. Meeting preparation and follow-up after the meeting should be as simple and efficient as it is possible.
A few years ago tools for team collaboration such Google Docs, Skype, or Yammer could be sufficient for discussions and meetings. But now, these tools are not enough to support the needs of today’s boards. Board members want more from their tools for managing their boards than simply document sharing and discussion forums. New board meeting software is designed to meet these demands and assist businesses in getting the most value from their meetings and decision-making processes.
The best board-level tools for collaboration are simple and easily customizable, allowing users with all levels of technical ability to quickly master the software. These software products provide many advanced features to aid in meeting preparation and post-meeting tasks. Some of these software solutions even provide interactive and immersive virtual meetings. Others integrate revenue management tools to provide real-time financial data that allow 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 board management software. Some tools allow board members to electronically sign documents while others permit notes on meetings and annotations. Certain software also offers greater security, allowing administrators to restrict access to certain members of the board or meetings.