In some cases such as a board meeting, a person does not need complex applications for planning and managing various processes. Usually, it all comes down to the use of small tools that implement the calculation of costs and revenues. They, in principle, can be replaced by simple and small tables of the OpenOffice package. Concepts such as enterprise resource planning, supply chain management, customer relationship management, and others are simply not needed. Deploying and configuring a system designed for large amounts of data, for the sake of several records and beautiful graphs, is perhaps the hobby of a lot of enthusiasts.
However, as soon as it comes to any structures or official organizations, these concepts begin to take on quite a tangible meaning. For example, if a product or service is delivered to a large number of users, then the absence of even a simple CRM can negatively affect not only the possible expansion but also current affairs. How much time do you think it will take for the monthly manual compilation of, for example, 100 payment acts? And how much to support the same customers without having at least some centralized way?
Medium and large enterprises are more interested not so much in the systems themselves, but in the competent and fast construction of their business processes and subsequent successful implementation. Small organizations have enough of their own strength to build their business model, even in an implicit form, as well as opportunities for rapid implementation. It should also be taken into account that the failed implementation of any system in small companies is much easier to tolerate and has less impact on the core business than in medium and large ones. In this case, we are talking not only about financial losses.
Is your board meeting preparation as efficient as it could be? Chances are, there are at least a few parts of the board meeting preparation process that your board could improve upon, from automating your board meeting agenda creation to creating an online forum for directors to collaborate. Here are our top 3 tips to help make your board meeting preparation more efficient with board portal software. Read the boardroomworld site to know more about effective business programs for better boardroom meetings.
The Main Tips For Effective Use Of Board Software
1. Centralize All Logistical Planning
Do you find it easy to determine best-fit meeting dates? Are all your board activities and meetings easily visible to your entire board?
If your answer was “no” to the above questions, it may be time to consider using board management tools to centralize the logistics of your board meetings.
Board of directors software makes meeting scheduling a breeze with a calendar that integrates with board members’ digital calendars, including Google, iCloud, and Outlook.
What’s more, such solutions can provide visibility into all board activities with a central calendar that provides at-a-glance meeting information. If anyone should need to reach another board member, all board member contact information can be stored in the software, too.
2. Automate Meeting Agenda Creation
Having an effective board meeting agenda is key to productive and efficient board meeting preparation. Not only do agendas organize and help to frame the main meeting goals in board members’ minds, but they also help to promote engagement. The best board meeting agendas are clear, follow an organized template, and allocate time for each item, as well as for strategic conversations.
However, good ones don’t just happen and often require a lot of time to prepare. That’s why it’s helpful to automate your board meeting agenda creation process as much as possible. A board portal like Aprio can be helpful in this regard, allowing you to easily create your meeting online. In addition, board administrators can add links to the agenda pointing to other board documents so that directors can quickly and easily find the information they’re looking for without having to search through endless files or emails. With the documents they need at their fingertips, directors will be able to come to meetings more prepared.
When you’ve created your board meeting agenda, be sure to send it out to board members at least a few days in advance of the meeting to give everyone time to read it over and prepare. If for some reason it needs to be modified, virtual boardrooms make it easy to make the change and notify all board members in real-time.
3. Streamline Board Package Distribution
Creating your board meeting package can be a daunting task, so don’t make it any more difficult than it needs to be. Once your material is ready, make life easier for yourself by using board document management features like one-click board package upload, aggregation, and distribution. These features also make it easy to notify directors when their board packages are ready for their review, and as long as they have access to a computer or tablet, they can log in and access the information.
Technology like board management software also makes the distribution of materials more secure, as all notifications come directly from the software itself, and files are not attached to any email. It also eliminates confusion, paper waste, and courier costs, allowing directors in any location to access board information at the same time.
The Bottom Line On Better Board Meetings
If you are looking for a comprehensive small business product developed by a major software vendor, a boardroom is likely to interest you. The program covers not only the financial component but also provides a set of tools for conducting daily business activities.
Board portals are modern business tools that allow you to plan, manage, analyze, and use all available business resources to maximize profits and the most efficient teamwork. The capabilities of the software allow you to rationally use time, organize workflow, arrange the supply of goods, control purchases, interact with partners and customers, and analyze competitors.
