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Board Management Software: A Complete Guide for Effective Governance

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Board Management Software

Introduction

In today’s fast-paced digital world, organizations, corporations, and non-profits require seamless collaboration and decision-making processes to ensure effective governance. Board Management Software (BMS) has become an essential tool for organizations to streamline board meetings, improve communication, and enhance overall governance. This article explores the features, benefits, and considerations for choosing the right board management software to optimize board operations.

What is Board Management Software?

Board Management Software is a digital platform designed to facilitate board meetings, enhance collaboration among board members, and manage essential governance documents efficiently. It enables organizations to conduct virtual meetings, share critical information securely, and automate administrative tasks related to board governance.

BMS is widely used by corporations, non-profits, government agencies, educational institutions, and associations to improve transparency, decision-making, and compliance with regulatory requirements.

Key Features of Board Management Software

Board Management Software comes with several essential features that enhance board functionality and efficiency. Below are some key features:

Meeting Management

BMS simplifies scheduling and managing board meetings by providing an integrated calendar, automated reminders, and real-time notifications. Board members can view meeting agendas, minutes, and supporting documents before and after meetings.

Document Management

One of the critical features of board software is a centralized document repository. It allows board members to access, share, and collaborate on important documents such as meeting minutes, financial reports, policies, and governance guidelines securely.

Secure Communication & Collaboration

BMS includes secure messaging and discussion forums to facilitate communication between board members. This reduces reliance on emails and ensures confidential discussions are protected with encryption and access controls.

Voting and E-Signatures

Board members can cast votes on resolutions or decisions electronically, eliminating the need for physical meetings. E-signature functionality enables board members to approve and sign documents remotely, expediting decision-making.

Task and Action Item Tracking

To ensure accountability, BMS provides task management features that assign responsibilities, set deadlines, and track progress on action items discussed in board meetings.

Compliance and Audit Trails

BMS helps organizations comply with governance standards by maintaining audit trails of meetings, decisions, and document changes. This ensures transparency and regulatory compliance.

Integration with Other Tools

Many board management software solutions integrate with other business applications such as email, cloud storage, video conferencing tools (Zoom, Microsoft Teams), and Customer Relationship Management (CRM) software.

Benefits of Using Board Management Software

Improved Efficiency and Time Savings

Board Management Software reduces administrative workload by automating tasks such as agenda preparation, document distribution, and meeting scheduling. This saves time for board members and administrative staff.

Enhanced Security and Data Protection

BMS offers high-level security features, including role-based access control, multi-factor authentication, and end-to-end encryption to protect sensitive board information from cyber threats.

Increased Board Engagement

With an intuitive dashboard and mobile access, board members can stay engaged and participate in board activities from anywhere, leading to more effective decision-making and collaboration.

Cost-Effective Governance

By reducing reliance on printed materials, travel, and physical meeting spaces, BMS helps organizations save costs while promoting a more sustainable approach to governance.

Better Decision-Making

Access to real-time data, analytics, and historical records allows board members to make informed decisions, leading to better governance and strategic planning.

Compliance and Regulatory Adherence

With features like audit trails, document retention policies, and digital approvals, organizations can ensure compliance with legal and regulatory requirements, reducing the risk of penalties.

Choosing the Right Board Management Software

Selecting the best Board Management Software depends on the organization’s needs, budget, and governance requirements. Here are some factors to consider:

User-Friendly Interface

The software should have an intuitive design that allows board members, regardless of technical expertise, to navigate and use it effectively.

Security and Compliance

Ensure the software offers robust security features, compliance with data protection laws (such as GDPR and HIPAA), and encrypted communication.

Scalability and Customization

Choose software that can scale with your organization’s growth and offers customization options to meet specific governance needs.

Integration Capabilities

A good BMS should seamlessly integrate with existing business tools and platforms to improve workflow efficiency.

Mobile Accessibility

Since board members often travel, having a mobile-friendly platform ensures they can access board materials and participate in meetings from anywhere.

Customer Support and Training

Look for providers that offer 24/7 customer support, onboarding training, and technical assistance to ensure smooth adoption and usage.

Popular Board Management Software Solutions

Several Board Management Software solutions cater to different organizational needs. Some popular options include:

  • Diligent Boards – A highly secure platform used by large enterprises and government agencies.
  • BoardEffect – Designed for non-profits, healthcare, and educational institutions.
  • OnBoard – A user-friendly and comprehensive solution for corporate boards.
  • Boardable – An affordable and easy-to-use software for small to mid-sized organizations.
  • Govenda – Ideal for private and public companies seeking a governance-focused tool.

Implementation and Best Practices

To successfully implement Board Management Software, organizations should follow these best practices:

  1. Define Clear Objectives – Identify the key challenges your board faces and set goals for software adoption.
  2. Involve Key Stakeholders – Engage board members and administrative staff in the selection and onboarding process.
  3. Provide Training and Support – Offer training sessions to ensure users understand how to maximize the software’s potential.
  4. Monitor Usage and Gather Feedback – Regularly assess the software’s effectiveness and make necessary adjustments.
  5. Ensure Regular Updates – Keep the software updated with the latest security patches and features for optimal performance.

Conclusion

Board Management Software is revolutionizing governance by improving efficiency, security, and decision-making for organizations. Whether you’re a corporate board, non-profit organization, or government agency, investing in the right BMS can lead to better board collaboration, enhanced transparency, and streamlined governance processes. By understanding its features, benefits, and implementation strategies, organizations can make informed decisions that enhance board effectiveness and overall success.

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BUSINESS

Turning Overstock Into Profitable Bundles Using Kitting Services

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Kitting Services

Excess stock doesn’t just take up space—it ties up capital, slows operations, and silently chips away at profitability. Products that linger too long in inventory often end up steeply discounted, cutting into margins and delivering little in return. Many businesses accept this as an unavoidable cost of doing business. It’s not.

Bundling through kitting services offers a smarter way to reclaim value from stagnant SKUs. Instead of slashing prices, brands can package underperformers with complementary items to create offers that feel intentional and worth paying for. These combinations reflect actual buying behavior, increase perceived value, and help clear shelves without fire sales. With minimal risk, small-scale tests can surface what converts—and what doesn’t—before scaling. Done well, bundling turns slow sellers into margin-friendly solutions.

Identifying Overstock Items Suitable for Bundling

Sales performance data can reveal which SKUs quietly consume resources without contributing meaningfully to turnover. Products with low velocity but respectable margins often perform better in bundles than as steeply discounted single items. Past order histories help uncover natural product pairings that reflect real buying habits, reducing guesswork in selection.

When potential matches are found, physical characteristics become equally important. Size, weight, fragility, and packaging compatibility determine both shipping cost and efficiency, and kitting services can streamline this process by assembling combinations with precision and speed. Favor combinations that meet carrier thresholds and fit neatly within standard boxes to avoid added handling.

Designing Bundles That Appeal to Target Customers

A morning cart with a mug and a bag of beans shows why complementary pairings sell. Pair items that solve one need—mug and beans, charger and cable—and price bundles to show a clear saving versus separate buys. Pull the top three co-purchased SKUs, confirm dimensions and fragility, then limit added packing steps.

Small pilots reveal which pairings and package designs convert; include a branded insert, stick to one box size to cut carrier surprises, and track conversion, returns, and per-bundle margin monthly. Try a 50-unit pilot, A/B two package treatments, and compare conversion and repeat purchases after four weeks.

Pricing Strategies That Move Bundles Quickly

Clear pricing differences encourage faster purchase decisions. Position bundles roughly 10% below the combined cost of individual items after accounting for packing and assembly, keeping margins intact. Display both the original and bundle prices side by side with the percentage saved—this visual comparison makes the value instantly recognizable.

Tiered pricing can further increase order size: maintain the base discount for one bundle, offer an additional cut for two, and a larger reduction for three or more. Standardizing box sizes and using pre-weighed labels simplifies packing, reduces carrier adjustments, and preserves efficiency. Run a 30-day A/B test comparing tier models, tracking per-bundle margin, conversion rate, and shipping cost. The data will reveal which structure balances profitability with strong customer response.

Streamlining Fulfillment Through Process Integration

A well-structured packing setup reduces wasted motion and shortens lead times. Store bundle components side by side, position high-demand SKUs near packing stations, and keep essential materials within easy reach. Color-coded labels linked to bundle groups help pickers locate items quickly, avoiding extra scans or delays. Organized workflows protect margins by increasing output without added strain.

System integration closes the loop between order, inventory, and shipping. Each bundle sold automatically adjusts stock levels for its components, keeping records accurate without manual checks. Automation reduces mispicks, speeds up reconciliation, and provides clean data for bundle performance. Even small batch-pick tests can uncover layout or slotting issues that, once resolved, drive measurable gains in speed and accuracy.

Measuring Bundle Performance for Continuous Improvement

Sell-through rates reviewed weekly show which bundles outpace single SKUs and which stall. Compare each bundle’s percent sold with same-category items, track returns linked to packaging or fit, and log spikes after promos. Calculate gross profit by adding per-unit packing cost, assembly minutes multiplied by labor rate, and insert or label fees.

Collect quick post-purchase feedback on perceived value and packing condition; add a short checkbox for ‘would buy again’ and record verbatim return reasons. Monitor repeat-purchase rates monthly, per-bundle return percentage, and margin over time. Run a 30-day cohort test comparing sell-through, gross margin, and returns before scaling bundles.

Surplus inventory can become a reliable revenue stream through strategic bundling supported by kitting services. Pairing slower-moving products with related items creates offers that attract buyers, clear valuable storage space, and maintain healthy margins. Selecting combinations with both customer appeal and logistical efficiency maximizes results. Clear pricing, smooth fulfillment, and consistent measurement keep bundles performing at their best. Tracking sales patterns and listening to customer feedback allows for ongoing refinement so that only the strongest combinations scale. When planned and executed with precision, this approach turns overstock from a silent cost into a dependable source of sales and customer loyalty.

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BUSINESS

How Can You Boost Procurement Efficiency?

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Procurement

If you’re operating in a competitive industry, such as hospitality, a highly efficient procurement process can spell the difference between losing and winning. Using procurement software solutions easily gives you an edge over your competition, because the right tools not only help cut costs but also help eliminate errors and bottlenecks. If you’re experiencing many issues and inaccuracies in the way you do business, it may be time to dig deep into the entire operation and make adjustments where needed. 

Understanding the 3Ps of Procurement

Procurement goes beyond acquiring goods necessary for business operations. It’s a method that follows a specific structure and must comply with three major steps for the process to be considered successful, especially in terms of saving time and money, and building better supplier or client relationships.

  • Process covers all the necessary steps to ensure a good outcome, starting from review to payment
  • People refer to a team or individuals responsible for specific areas in the procurement cycle, from sourcing quality goods and services and upholding the company’s reputation in the process 
  • Paper can be considered the end-all, be-all in the cycle, as proper documentation and paperwork ensure a problem-free audit. The same documents can be used as a reference for improving and scaling procurement efforts. 

How to Improve Procurement Efficiency

Automate Manual Procurement Tasks

You know that data-driven marketing is a game-changer in business, providing insights on how to leverage data acquired to boost company performance and progress. Technology and automation are key players in the entire process, and the same applies to procurement. 

  • Switching to automated purchasing not only eliminates time-consuming processes, but also delays and errors
  • Order creation and approval of all purchases are streamlined to avoid any issues
  • Real-time tracking and monitoring, no matter how many purchases and suppliers are involved, simplifies and speeds up ordering and payments
  • Any repetitive work is handled by technology, freeing up your time for more important things

Centralise Supplier Information

If your team juggles multiple procurement activities, using a centralised platform guarantees better management, transparency, and accountability. 

  • Supplier information is stored and accessed in one place
  • Updating records, from contact information to pricing, is more efficient
  • Data stored in one place allows for easy comparison and analysis of suppliers, supply chain, and workflows
  • Higher information visibility reduces confusion and ensures compliance with business regulations and company policies
  • Enable better negotiation deals and decision-making based on real-time data

Drive Cost Savings Through Better Insights

Automating procurement saves time, effort and money. Yes, the data collected will give you a clear view of where your business is bleeding and saving money. 

  • The right reporting tools will reveal problematic areas, such as duplicate or unnecessary procurement
  • Provide analysis on the spending patterns of various departments and areas of operations
  • Identify where you can get discounts for volume orders, or know which suppliers are doing your business more harm than good
  • Ensure compliance that, when violated, could hurt your finances and reputation

Support Business Growth

As your company grows, so will the network of vendors, suppliers and other businesses that you need to deal with. It will be impossible to keep up if you stick with a manual system. 

  • Procurement software solutions allow you to efficiently manage a higher volume of suppliers and transactions
  • Company workflow and procurement processes can adapt and scale with your business
  • Even with multiple locations and more data to retrieve, the right tools can help you gain better visibility and insights
  • Enables you to develop scalable procurement operations so you can expand cost-efficiently

Ensuring efficiency in every aspect of the procurement cycle comes down to automating where possible, using a centralised platform for data collection and analysis, and making decisions based on real-time data. With the right procurement solutions, you reduce risks while supporting business scalability. To learn more about automating procurement in the hospitality industry, consult Futurelog.

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BUSINESS

How to market and sell incomplete properties successfully

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properties

Selling an unfinished house can be tough. Many buyers feel unsure about the cost of fixing things and worry if all the building permits are there. I understand these concerns from checking many listings myself.

I noticed that 4 out of 5 incomplete homes attract real estate investors or house flippers who like doing custom renovations.

This guide will help you set the right price for your property, reach the right buyers with a clear marketing plan, and make sure your home looks good from the street. You can use tools like professional photo editing and virtual tours on social media to show off your property’s best features.

If you want to sell your unfinished home faster, keep reading for tips that really work.

Key Takeaways

  • To sell unfinished homes, know the property’s condition and get all needed permits ready. This helps buyers trust you.
  • Find out your home’s market value by looking at similar sales. Price it right to attract investors or flippers who can finish it.
  • Use good photos and virtual tools to show what the house could look like when done. This draws in more people interested in buying.
  • Always be clear about any problems with the house. Share all information upfront to avoid surprises later.
  • Reach out to those who like fixing up houses for sale or rent. Marketing directly to them can make selling faster and easier.

Assess the Current State of the Property

I check the unfinished house for safety and structural integrity. Framed houses sometimes need more drywall, plumbing, or electrical systems to be livable. I walk the site looking for issues that may impact property value or curb appeal.

I note if there is missing framing, broken windows, exposed wires, or water leaks. Many properties get stuck due to rising prices of materials or unexpected expenses. I see examples where owners have faced life changes or contractor delays.

I make a detailed list showing what work is done and what still needs attention: electrical, plumbing, roofing, and other key areas. Permitted work should match building permits with documents ready for buyers under the Freedom of Information Act (FOIA).

Gathering inspection reports helps spot problems early; reports from a licensed home inspector can show hidden issues buyers worry about in today’s real estate market. Real estate agents guide me on how each step might affect my pricing strategy and expenses before planning my marketing plan with confidence.

Determine the Market Value of the Incomplete Property

I start with the basics. I check the current state of the unfinished house. I list what work is done and what is left to finish. Some things, like completed plumbing or wiring, can increase market value fast.

Renovation costs matter a lot; if it will take $50,000 more to finish compared to similar listings, that amount impacts price right away.

Real estate agents help me study comparable properties, also called comps. These are other homes sold nearby in similar condition—complete or incomplete—in the local real estate market over the last 6 months.

Location has a big effect too; houses near good schools or shopping usually get higher offers.

I consult a licensed appraiser if needed; some appraisers price new builds as though finished per plan but then subtract for incomplete jobs line by line. This method gives buyers clarity on how my ask fits fair market value and highlights renovation costs up front.

Setting an “as-is” asking price means being realistic about demand and adjusting for both visible curb appeal and hidden investment needs. Next, I focus on how I highlight possibilities for customization and growth to attract serious buyers searching for options in this unique niche.

Highlight the Potential and Customization Opportunities

After finding the market value, I shift focus to selling benefits. Location always matters most in the real estate market. I point out nearby schools, parks, or shopping plazas within two miles.

Buyers love knowing they can pick paint colors, floor types, or kitchen designs themselves.

Serious buyers respond best when I show high-quality photos and CGI renderings that hint at future curb appeal. For example, 3D visuals from top property software—like Houzz or SketchUp—help people see finished spaces.

Clear improvement plans help buyers imagine upgrades with exact renovation costs listed. House flippers and investors want details about building permits and structural integrity as well.

Offering floorplans lets buyers picture where walls or closets could go next year. Listing customization options makes my marketing plan stand out on any social media platform or online advertising site.

That draws more clicks from my target audience of investors looking for unfinished houses to flip into franchises for profit by 2025 using their unique vision.

Disclose All Relevant Information Transparently

So after I highlight the potential, I always share every detail about the unfinished house. Buyers need facts upfront. I explain all issues, such as expired building permits or missing code compliance documents from 2023.

If repairs affect safety or structure, I list them with clear notes in my marketing plan.

I use written reports and organize paperwork for buyers to see—no hidden surprises. For example, if renovation costs are $20,000 over estimate or curb appeal work is needed on 2 rooms, those numbers go in my disclosure sheets and display ads.

Clear information builds trust and meets legal rules in any real estate market. This way, buyers know exactly what they face before signing anything.

Target the Right Audience

I focus on buyers who can spot value in an unfinished house—people ready to take on a project. Real estate investors and house flippers often search for these deals, so my marketing plan puts the spotlight on them using platforms like Zillow and social media ads.

Real Estate Investors

Real estate investors act fast. Cash buyers make offers within 24 hours and close in about two weeks. They do not fear an unfinished house or building permits; they look for projects with strong return on investment, or ROI.

I use tools like CashIsKing.com to connect with these buyers for quick, commission-free deals in any condition or location.

Selling as-is to cash buyers cuts typical stress and delays in the real estate market. Examples include local flippers or national firms who handle renovation costs and fix curb appeal issues right away.

These investors want clear numbers from a real estate appraiser and value transparency in my marketing plan.

House Flippers

Similar to real estate investors, house flippers focus on unfinished houses with strong potential. I target these buyers because they seek properties that let them create custom upgrades and boost value fast.

House flippers want a deal that leaves room for renovation costs and profit margins. In the current real estate market, many flippers look for flexible sellers who understand quick sales.

I always use clear marketing strategies like high-quality CGI renderings, professional photography, and curb appeal tips in my marketing plan. Flippers care about building permits, transparent paperwork, and knowing all work completed so far.

Offering flexible financing options helps attract more interest from these buyers. Many house flippers know contractors or handle renovations themselves; this lowers their final expenses compared to regular homebuyers.

By pricing the property as-is but leaving space for negotiation, I increase offers from serious flipper buyers looking for their next project opportunity.

Use Effective Marketing Strategies

A strong marketing plan helps an unfinished house stand out in the real estate market. I use eye-catching ads, simple floor plans, and viral marketing on social media to draw more buyers.

Professional Photography and Visual Aids

High-quality photography makes any unfinished house look more appealing. I use at least 15 photos for each listing to show the details, layout, and curb appeal. Real estate photographers like Barry Grossman often use wide-angle lenses and drone shots for better coverage.

Before-and-after images help buyers see what the space can become after renovation.

Virtual tours let buyers explore every room from home. I display visual aids such as floor plans, video walk-throughs, and 3D virtual staging using tools like Matterport or BoxBrownie.

These visuals attract real estate investors and house flippers looking for a project with good potential in the real estate market. Buyers understand exactly what needs work; they also see how much progress has been made based on visuals taken during each step of construction.

High-Quality CGI Renderings

CGI renderings show buyers what an unfinished house can become. I use software like SketchUp and Autodesk 3ds Max to make clear pictures of every room, yard, and curb appeal upgrade.

Serious real estate investors ask for these tools before spending money in the real estate market. Detailed plans let buyers see custom kitchen layouts or bathroom designs before any renovation starts.

VR (Virtual Reality) images help them walk through possible changes with a headset or phone screen—this helps sell potential fast. Most people want details; CGI gives them 8–10 images to view key spaces by category, such as bedrooms, kitchens, and living rooms.

With strong visual aids backed by a smart marketing plan, I catch more leads from flippers who look at building permits, renovation costs, and resale value before making offers on incomplete properties.

Consider Offering Flexible Financing Options for Buyers

Seller financing and renovation loans attract more buyers in the real estate market. Most banks only give loans if an unfinished house is livable, so flexible offers help. I let buyers know about construction or renovation loan options from lenders like Wells Fargo and FHA 203(k).

Seller financing lets me act as the bank for a set period, making deals possible even when standard mortgages do not fit.

Some buyers want to buy “subject to completion.” They finish the building project after closing, which suits investors and house flippers who plan their own upgrades. Flexible terms open doors for people with different budgets or those ready to handle work permits and renovation costs on their timeline.

These choices expand my marketing strategy by reaching more serious leads fast.

Set a Competitive “As-Is” Price and Leave Room for Negotiation

I set my “as-is” price by checking the current state of the unfinished house, local comps, and recent sales data. I consider repair costs and buyer demand in the real estate market.

Investors expect a significant discount on an incomplete property; often 20% to 30% less than finished homes nearby. I keep curb appeal and renovation costs in mind too.

I aim low enough to attract attention but high enough for room to negotiate. For example, if completed houses sell at $400,000, I might list mine at $300,000 or $320,000 based on needed work and building permits status.

This smart pricing strategy lets me adjust during talks with house flippers or investors without leaving money behind.

Prepare the Property for Showings

I always make sure the place looks safe and tidy for anyone visiting—a clean site boosts curb appeal. I keep all paperwork handy, like building permits and lists of finished work, so buyers can check everything before making a choice.

Clean and Secure the Site

I sweep all floors, pick up trash, and remove loose tools. Safety comes first. I fix any exposed wires or sharp edges, and block off unsafe areas with tape or orange cones, so buyers can walk the unfinished house safely.

I check for open pits, unstable stairs, or missing railings—these are clear hazards.

Locks stay on doors and windows; only licensed agents get keys during showings. My focus is legal compliance too; every building permit hangs in sight to show work meets codes. Open paths help boost curb appeal for real estate market photos—buyers see a site that feels cared for even if construction is not done yet.

Next up: I organize documents that prove which parts of the property are finished and safe.

Organize Documentation of Completed Work

Once the site is clean and safe, I pull together all paperwork for buyers. I keep building permits in a folder, so they see the unfinished house meets code. Inspection reports go next; these show that work done so far follows real estate market rules and carries no big risks.

Completed contractor agreements list each finished job, like roof framing or electrical wiring.

I add up-to-date cost estimates from trusted builders—buyers want to know what remains before moving in. Having 4 main documents ready—building permits, inspection reports, contractor agreements, and cost estimates—increases buyer confidence.

I use cloud tools like DocuSign or Google Drive for quick sharing during showings or offers. Organized records save time at closing and prove my property stands out among incomplete listings.

Negotiate with Buyers Fairly and Realistically

I address buyer concerns fast and remain open about unfinished work on the property. I highlight the curb appeal, explain real costs clearly, and stress customization options to add value.

Buyers often expect large price cuts for an unfinished house. I set a fair “as-is” price but leave room for negotiation based on actual market trends.

Flexibility in payment or closing terms appeals to real estate investors and house flippers looking at opportunities in this real estate market. Investors might ask for 10% to 15% off list prices due to repairs needed; I prepare all facts for these talks.

Key documents are ready before showings start—next, I’ll discuss how I prepare the site and paperwork before buyers visit.

Conclusion

Selling incomplete homes requires a clear plan. I assess the property, set an accurate price, and use strong visual tools like CGI renderings. Investors and renovators seek potential, so I highlight what makes the space unique.

Sharing all details builds trust with buyers. With these steps, selling unfinished properties in the real estate market becomes possible and profitable every time.

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