Some companies are attracted by free software when they are looking for boards portals. However, a majority of these don’t have the full range of features that help directors of boards collaborate before, during and after meetings. Some of them also introduce security risks which can make sensitive data vulnerable to hackers. These are the main reasons reputable companies who make and sell software for board management do not offer their products at no cost.
While free board software might appear appealing, it generally has limited functionality and doesn’t have reliable customer service. As a result, new board members may not be properly taught on how to use the program. If they are not properly trained, board members may inadvertently introduce security vulnerabilities. Moreover, they might fail to follow best practices that ensure good governance during their board meetings.
In contrast to many free programs, the board management software developed by industry experts like BoardEffect offers a robust feature set that includes training and customer assistance. In turn, it helps meeting admins move quicker and perform their tasks more efficiently. It streamlines everything, from the preparation of agendas to the accurate minutes of meetings. This makes your business less attractive as a target for frivolous lawsuits and fishing expeditions.
Board members can organize their meetings by using a solution that lets them store all their meeting information in a single, secure location. The system assists them to plan their schedules and prepare for conferences. Certain systems allow users to vote online or share documents with just a few mouse clicks.