Best Board Management Software 2022

Find out everything about board portal software, the main information about the board software's features, and the most common subscription models. Learn how to use this alternative to physical board rooms and how to get the most out of board meeting software. Board management software capabilities already made the tool invaluable for the multiple boards of directors

Top board management software providers

Provider
Rating
Description
Profile
Rating
5.0
Description
BoardMaps is a provider of high-quality online board portal software - a dedicated tool for the board management. Using it businesses can streamline the workflow and improve the communication between board directors. BoardMaps will help you make your board meetings more productive and short by letting everyone get ready for the discussion in advance.
Rating
4.5
Description
Nasdaq Boardvantage is unique boardroom software for executives and directors, who are ready to improve the effectiveness of their meetings and enhance the productivity of their companies. The service offers a wide diversity of tools and options.
Rating
4.4
Description
Diligent boards software is the leading option appreciated on the modern board portal market due to its dependability and professionalism. Unique tools, customer-friendly services, and an easy-to-navigate platform help to improve communication and collaboration of the board members.
Rating
4.3
Description
Searching for a reliable and cost-effective board portal software? BoardEffect may be one of the most reasonable board portals. Advanced meeting management, excellent services and features for the board directors make the software one of the leading options on the market.
Rating
4.2
Description
Arrange meetings within institutions and companies with the Boardable app. Learn more about its features and functionality. Boardable is considered one of the best solutions for the non profit organization management.
Rating
4.1
Description
Following BoardPaq reviews, it is one of the most cost-effective board portals for successful and easy board meeting management available on the modern market. Transparent services, no hidden fees, easy-to-navigate site, and similar features contribute to its popularity among board of directors software. 
Rating
4.0
Description
OnBoard Passageways software is designed to improve the efficiency of company management, featuring access settings, protection of confidential information, a wide range of tools for monitoring activities.
Rating
4.0
Description
iBabs provider has many years of experience in dealing with directors. That is where users find functions to meet their business needs. The tool is designed to improve convenience and efficiency.
Rating
3.9
Description
Aprio is a software solution for safe and efficient board meetings. It incorporates secure storage for business documents, a wide range of notification tools, and access settings.
Rating
3.9
Description
A viable option for managing a board of directors. BoardManagement is a feature-packed platform with a 30-day free trial. Simple and convenient board software with secure connection and data storage.

What is a board portal?

A board portal is software for board meeting management that consists of a platform on which corporate members of the board and governance executives interact. This virtual boardroom serves directors of different departments all over the world and facilitates secure data handling. Through communication, companies can save time and ensure proper governance of board gatherings.

The most visible kind of interaction that happens on board portals are board meetings, but the best board portals include board of directors portal tools for carrying out many related but less visible activities that happen before and after meetings.

Among many others, these activities include:

  • creating board packs
  • commenting on documents
  • storing meeting minutes.

Hosts of board meetings are well aware that if they prepare the data before the board meeting starts, they will be able to optimize the decision-making process of the directors.

But what do the customers of this solution get in return for their investment?

The online board portal is used not only by directors themselves but also by administrators who are in charge of board management activities to ensure proper governance. They are the people who can use the solution effectively, and in turn, adjust the technology to the needs of the board of directors. Below are some of the duties they are tasked with.

Different Types of Board Portals Board Members Can Use

Virtual boardroom comes in three different systems: cloud-based board portal, which is web-based and subscription-based; in-house software, custom-made for a specific organization; and off-the-shelf board portal.

1. Cloud-based board portals allow you to organize a whole meeting from an app or browser tab. This is a great convenience because it doesn’t require people to be connected to a particular network, or spend time configuring their PCs according to some new directive.

2. In-house software solutions are a bit more complicated and are usually custom-made for organizations, which means that they are much more expensive than a subscription-based model. They also need to be running smoothly on all of the hardware that is present in the company, and is a help and not a hindrance to the development of the company. The distribution of this application is much more difficult. Companies who go for this solution have a big budget dedicated to that kind of help, meaning the cost of this board portal is probably the highest.

3. Off-the-shelf board portals aren’t developed with customization in mind. They are a one-time purchase, and there is a lack of support. This is more of a plug-and-play solution, that isn’t developed with a future addition in mind, which makes it a product that might stop being supported at some point.

How to choose board management software 

Even though organizations have different requirements for what they regard to be the best board management software, there are core elements to consider when choosing a platform. It, first of all, concerns the security level, desired board management tools, service and support quality, and the provider’s reputation.  

To make a choice easier for leadership teams, companies offer a free demo or free trial of their services. It helps with finding the most suitable software for corporate board management. 

Companies should weigh their options thoroughly as the wrong decision may be costly and squander time. Moreover, it’ll impact the overall efficiency of virtual board meetings.

Top 7 criteria for choosing the right software

To avoid negative outcomes, let’s learn the key criteria to bear in mind when evaluating software for corporate governance. 

1. Board members’ needs

Start with answering the question, “What do I expect from my board management software.” Is it just for online board meetings? Or are file sharing and storing a must, too? How often and for how long will the services be used? Responses can significantly narrow a wide range of options. 

2. Hosted vs. cloud-based board software

Companies have two options for hosting board management software: cloud-based and on-premise. A cloud-based solution is hosted on third-party servers. Organizations choose cloud-based options for cost-effectiveness and easier maintenance. On-premise software requires its own infrastructure. Therefore, it better suits companies that want a customized, extra-secure solution. 

3. User-friendliness

Complex and unintuitive software requires additional resources for training employees and board member directory. However, when board management software has an intuitive and user-friendly interface, new users can onboard quickly and easily. 

4. Pricing

Providers offer a wide range of tariff plans depending on the functionality clients choose. The starting price can be as low as $10 per user per month for basic features. Alternatively, pricing can exceed $2,000+ per year for advanced tools. Furthermore, companies often have customized pricing so that customers get a tailored solution and pay only for what they use.   

5. Device compatibility

See if a board management tool you want to adopt functions properly on all devices and supports multiple operating systems, like Windows, Mac, Linux, iOS, and Android. Additionally, decide if you need a board meeting app for more efficient collaboration and add it to the checklist when choosing a vendor. 

6. Board governance tools

See if the provider offers all the tools board members require for efficient collaboration. Among them may be polls, votes, surveys, secure file sharing, tools for taking board meeting minutes, and agenda builders. 

7. User reviews

Learn what other users think about certain board management software providers. See how high they rate their services. Learn about the pros and cons, recommendations, and software advice. More information helps to make the right decision.

Vital features of board management software

There are many options on the market when it comes to board governance software, however, most of the board portals share those common features. 

In and out of a meeting. It includes private and group chats, the contents of which the system protects like other data. Here is a detailed guide on virtual board meetings and top tips on how to ensure the highest efficiency of virtual meetings.

The boardroom offers all the necessary tools for assigning and tracking tasks. Thus, administrators and other users can see outstanding and completed tasks, deadlines, and overall progress.

Let’s have a look at the most sought-after functions that board management software companies usually focus on and see which organizations might benefit most from which features.

Key functionality What’s includedBest for
Document management – Creating folders 
– Document sharing
– Setting access permissions for each team member
– Drag-n-drop function
– Bulk files upload – Search by keywords
– Startups looking for investors
– Financial organizations or legal departments that have to deal with a lot of paperwork.
Video-conferencing– Scheduling meetings
– Creating meeting minutes 
– Attaching relevant documents to any meeting-
Archiving past meetings for future reference
Board of directors that want effective team collaboration and productive committee meetings. 
Cycle meeting management– Scheduling
– Agenda creation
– Recording minutes 
– Consensus tracking
– Small or medium-sized businesses that have regular fundraising meetings with investors
– Nonprofit organizations that have annual planning or quarterly checkup meetings.
Task management– Task assignment 
– Commenting on tasks
– Sending automatic reminders 
– Creating to-do lists 
– Due-date settings
– Voting
Any-sized companies want to save time on assigning and controlling work. 

To sum it up: 

  • Large enterprises that want to make the entire workflow seamless and efficient should look for a feature-rich board portal with a variety of tools for meetings, tasks, and document management. 
  • SMEs or nonprofit organizations should focus on providers whose top functionality aligns with their primary needs.

For productive collaboration, there are voting and polling tools. Thus, one of the board members can organize voting at any time, while others can express their view with one click. Therefore, the board of directors should not wait for scheduled meetings to make an important decision and take into account all opinions.

If you find board management software that meets your company’s requirements, you can significantly improve every aspect of the board’s operations and every director’s experience. But, most importantly, it will help support your company’s core mission by allowing you to devote more time to it.

The 3 top benefits of using board management software

Board members admit that meeting modern governance challenges and overcoming them has become much easier with board meeting software. They emphasize numerous advantages they get from the solution.  

Reduced board management costs 

Using board software is much cheaper than having an in-person board meeting. This is because boards don’t have to spend money on:

  • Stationery. Preparing, editing, and printing board meeting materials use a lot of paper. It also requires office equipment that has to be maintained, but board portal software replaces all that. 
  • Delivery. Sending confidential files by regular mail is often risky, takes time, and requires extra expenses for security measures. While a board management portal with a role-based access feature lets board members share documents instantly, anytime, and anywhere with no additional fees.
  • Storage. Storing board documents securely, having immediate access to them, and not paying extra for physical space is possible with a board management system. 

Higher efficiency

Collaboration tools offered by board management software facilitate faster and more efficient communication between board directors. The most helpful features are:

  • Meeting scheduling. See upcoming and past events, create agendas, attach files, and control the entire meeting process.
  • Discussions. Post proposals and announcements, vote, create surveys, comment, and discuss ideas in threads. 
  • Task management. Make to-do lists, set deadlines, assign tasks, receive reminders, and reorder priorities. 
  • Document management. Create folders, drag-n-drop files, set access permissions, and share documents securely.

Increased sustainability

Environmentally conscious companies also turn to board management software because this is an eco-friendly solution. Here’s why:

  • Less emission generation. Remote meetings reduce fuel consumption and car emissions. They also lower the demand for lighting, powering, heating, and cooling of office buildings. 
  • Paper consumption reduction. Paperless board meetings result in millions of saved trees and decreased air, water, and land pollution caused by paper manufacturing. 
  • Reduced number of servers. A centralized solution, like secure board software, is always better in terms of sustainability and resource allocation. Companies developing such software know how to upgrade and maintain energy-saving equipment.

Board portal comparison

As industries and company sizes vary significantly, each of them has different requirements and compliance concerns when choosing a board intelligence platform. 

That’s why it’s important to take into account what a particular organization needs and align those needs with the key features of a particular board software vendor

Provider
Best for
Industries
Rating
Top tools
Board by iDeals
iDeals Board
Best for:
Saving time, improving workflows, and optimizing the entire process of board meeting management, document management, and storage of board materials
Industries:
  • Financial companies
  • Nonprofits
  • Healthcare
  • Commercial organizations
Rating:
5.0
Top tools:
  • Task manager
  • Agenda builder
  • Documents center
Nasdaq
Boardvantage
Best for:
Measuring the board meeting’s effectiveness and overall efficiency according to your preset governance objectives
Industries:
  • Financial institutions
  • Banks
  • Commercial companies
Rating:
4.5
Top tools:
  • Analytics tools
Diligent
Diligent
Best for:
Board meetings, board documents management, and protection of confidential documents
Industries:
  • Commercial companies
  • Financial institutions
  • Healthcare
Rating:
4.4
Top tools:
  • Governance tools
BoardEffect
Boardeffect
Best for:
Board management of the entire meeting cycle
Industries:
  • Nonprofits
  • Higher education
Rating:
4.3
Top tools:
  • Meeting management
boardable
Boardable
Best for:
Meeting requirements of the nonprofit boards of directors
Industries:
  • Nonprofits
  • Commercial companies
Rating:
4.2
Top tools:
  • Meeting management
  • Video integration
Board Paq
BoardPaq
Best for:
Cost-effective board management
Industries:
  • Banks
  • Governments
  • Healthcare
  • Nonprofits
Rating:
4.1
Top tools:
  • Collaboration tools
OnBoard
OnBoard
Best for:
Simplifying the most complex tasks regarding the board management, and making the collaboration of board directors easier
Industries:
  • Nonprofits
  • Banks
  • Healthcare
  • Governments
Rating:
4.0
Top tools:
  • D&O questionnaires
  • Agenda builder
  • Minutes builder

Pros and cons of board management software

Board management platforms hold numerous advantages over traditional in-person meetings and paper documentation. They reduce expenses, bring more efficiency, and help achieve goals faster. 

However, companies can only find the best board management software if providers take an individual approach to each client and create customized solutions. Thus, when looking for a virtual platform for board management, see if you’re offered a tailored package of tools and features.   

Once you have it, opportunities for better tasks and board member management increase, the team gets more capacity to focus on core work activities, and business aims become easier to achieve.

This is possible because of the multiple board software’s capabilities. Let’s see how users benefit. 

Collaborative workflow

Collaboration tools appear to be extremely effective for streamlining work processes and facilitating decision-making. This is because the board and team members can: 

  • Work together on a common project remotely and in real-time
  • Communicate securely, brainstorm ideas, and make decisions on further actions
  • Delegate tasks automatically
  • Organize work effectively with the help of task management tools 
  • Gain offline access to the organization’s data from any device

Scheduling

Board portal users admit that being able to schedule meetings automatically makes work processes run more smoothly. Scheduling tools help businesses:

  • Keep staff updated. See schedules of individuals and groups, notify them when new events are created, vote for the most suitable meeting time, manage meetings, and track attendance.
  • Reduce availability conflicts. Avoid double booking, overlapping events, or booking an unavailable time slot with calendar management tools.
  • Communicate more effectively. Discuss events on their own self-contained pages, create meeting reports, and share them with others instantly. 

Routine meetings

Board portals for nonprofits and for-profit companies provide users with tools to conduct routine or cycle meetings. These are scheduled group sessions, usually informal, that occur at intervals. Typically, these are monthly progress reports, project reviews, one-on-ones, annual reviews, or updates. 

Routine meeting tools offered by board management software vendors provide the following benefits:

  • Increased engagement and collaboration
  • Increased accountability
  • More opportunities for personal growth

Tools for different organizations

Typically, each board management software solution has a set of tools that different organizations can use. For example:

  • Legal entity management tools. Legal, governance, treasury, tax, finance, and compliance departments use them for corporate records and setting up clear organizational structures.
  • E-signatures. Board members, investors, and managers can sign documents legally and securely to facilitate work processes. 
  • Surveys. Carry out surveys and polls and evaluate them directly in board portal software. 
  • Voting. Vote on business issues and make decisions quicker and easier.
Board Portal Software Reviews

Best board portals and their specifications  

The vast majority of board meeting software feature similar services and functions but each one of them is still unique, with its specifications and peculiarities. Here we’ll take a look at the top trusted and reliable board software providers.

iDeals Board
Board by iDeals
Vendor:iDeals Board
Country:United Kingdom
Size:200+
Free trial:Available

iDeals Board is a provider of high-quality online board portal software — a dedicated tool for board management. It allows businesses to streamline processes, improve communication, and take your entire workflow to a new level of board governance effectiveness.

Among its key features, Board helps you manage meetings more effectively by sending advance reminders and RSVPs to meeting participants or committee members.

Boardvantage
Nasdaq
Vendor:Nasdaq
Country:USA
Size:51-200
Free trial:Available

Boardvantage’s boardroom software caters to board members of banks and financial institutions. Besides offering a range of tools to optimize board governance, it allows you to connect your board portal to investment data and analytics, obtaining insights in real-time.

For the board of directors of a bank or other financial institution, this is the ideal tool to improve the effectiveness of their meetings, save time, and enhance productivity throughout — all in a cost-effective virtual platform with secure access and intuitive interface

Diligent
Diligent
Vendor:Diligent
Country:USA
Size:1800
Free trial:Available

Like most board management software solutions, the Diligent board portal software is compatible with mobile devices. It’s an affordable solution for protecting and organizing sensitive documents such as board books and meeting minutes, taking your corporate housekeeping to the next level with dedicated security features.

Well-reviewed for the dependability and professionalism of its system, this board portal offers unique tools, customer-friendly services, and an easy-to-navigate platform that helps improve communication and collaboration between your board members.

Boardeffect
BoardEffect
Vendor:Boardeffect
Country:USA
Size:51-200
Free trial:Not available

Another reliable and cost-effective board portal software solution, the BoardEffect board portal offers board management solutions to manage the entire meeting cycle. As a cloud-based solution, BoardEffect brings a special emphasis on data protection, with a range of security features and certificates such as SOC 1 and 2, ISO 27001, and ISO 27017.

Advanced meeting management, excellent services and features for your board of directors make this software one of the leading options in the market.

Boardable
boardable
Vendor:Boardable
Country:USA
Size:51-200
Free trial:Available

Boardable is indeed one of the most cost-effective board management options out there. With an assortment of resources that range from scheduling meetings to helping manage fiduciary duties, Boardable is a great way to improve effectiveness and save time in your board management.

As one of the most trusted board management software solutions, Boardable is used by more than 2000 institutions in over 40 countries.

BoardPaq
Board Paq
Vendor:BoardPaq
Country:USA
Size:11-50
Free trial:Not available

BoardPaq is equally reviewed as one of the most cost-effective board portals for successful and easy board management. With transparent services, no hidden fees, easy-to-navigate dynamics, and similar features, it is a highly popular board of directors software tool.

OnBoard
OnBoard
Vendor:OnBoard
Country:USA
Size:51-200
Free trial:Available

OnBoard Passageways software is designed to improve the efficiency of company management, featuring access settings, protection of confidential information, and a wide range of tools for monitoring activities.

Board portals comparison — what to evaluate first?

When looking for board management software, take into account the aspects described below.

Board meeting management improvement

The tools to look for in board meeting software for managing upcoming meetings are:

  • Integration with modern digital calendars 
  • Board meeting agenda software
  • Meeting minutes creation and sharing 
  • Meeting attendance recording 
  • Notifications
  • Past events archive

Ease of board document management

Board management software should be easy for all users to use, including the less tech-savvy. Check if the provider offers:

  • Intuitive interface 
  • User experience-focused design
  • Training and support for fast onboarding 
  • Simple navigation
  • Readable content
  • Fast load times

Impact on board collaboration

For successful board-member collaboration, the following is necessary:

  • Integration with other team collaboration software, like Zoom or Skype
  • Reporting tools
  • Private and group chats
  • File-sharing capabilities
  • Cloud-based file storage

Customer support

Check out if the client support quality offered by the board management software provider meets your expectations. The following characteristics will certainly be advantageous:

  • 24/7/365 support availability 
  • Multilingual support specialists
  • Personalized and competent assistance
  • Quick response time 
  • Multichannel support by email, phone, or chat 

Board portal security

Secure communication and collaboration are one of the board members’ top requirements when they’re choosing a board management system. 

First of all, make sure that the vendor has certifications like FINRA, SOC2, ISO 27081/ISO 27001, and SSAE 16. 

Secondly, pay attention to security features: 

  • Two-factor authentication. It keeps board management software protected from unauthorized users and hackers.
  • Data encryption. It enables users to store and share encrypted confidential documents. In this case, malware or hackers can’t read an organization’s sensitive data. 
  • Audit trail. This is a step-by-step record by which any data can be traced to its source.
  • Access control. This feature allows admins to regulate who can view, edit, share, or download documents stored in the board portal.

Free trial availability

Finally, check out if the board management software provider offers a testing period for their product. It’s important, as it enables potential customers to: 

  • See if the service meets all of their needs and requirements 
  • Check if a vendor can be trusted 
  • Discover possible drawbacks

Conclusion

Do you feel ready to check board portal reviews and find your favorite? Ultimately, looking for software advice should take into account your specific needs and preferences. The tool you find should fit your company’s budget and have the board features to accommodate your business needs.

Our board management software reviews will help you to find the most suitable tool. Make sure to browse each review carefully. That’s the only way to discover a long-term solution that will meet or even exceed your expectations. 

Take your time and do your homework — your board meetings and management will thank you for that.