The ability to access, share, and discuss confidential information quickly and securely is essential for business leaders and the governance professionals supporting them. Forrester interviewed representatives of organizations using Diligent Board Leadership & Collaboration, and they revealed that the solution reduced the risk of confidential material loss over previous technologies, supported better decision-making, and saved their organizations time creating and sharing board and committee materials.

Diligent Board & Leadership Collaboration is a board management software solution that provides a secure environment for creating, managing, and sharing board and committee materials, including board books and meeting minutes. In addition to being a secure portal, the solution offers secure messaging, director, and officer (D&O) questionnaires, and industry insights to support business leaders’ collaboration and decision-making wherever they are.

Diligent commissioned Forrester Consulting to conduct a Total Economic Impact™ (TEI) study and examine the potential return on investment (ROI) enterprises may realize by deploying Board & Leadership Collaboration. 1 The purpose of this study is to provide readers with a framework to evaluate the potential financial impact of Board & Leadership Collaboration on their organizations.

To better understand the benefits, costs, and risks associated with this investment, Forrester interviewed five representatives at four organizations with experience using Board & Leadership Collaboration. For the purposes of this study, Forrester aggregated the interviewees’ experiences and combined the results into a single composite organization which is a large multinational company with 10,000 employees and $5 billion in annual revenue. The composite previously used an alternate third-party board management software.

While the cloud simplifies operations in many ways, it comes with its own set of risks that can impact your bottom line. In 2021, the average cost of a public cloud breach was $4.8 million, and the cost of a hybrid cloud breach was $3.61 million.1 As your organization continues to operate in the cloud, you need to be aware of these risks and take appropriate steps to mitigate them.