Decision-making software, also called decision support software, facilitates processes around effective decisions. These tools help businesses come to informed conclusions around decisions and share results with relevant stakeholders. While many types of software offerings can guide businesses when making important decisions, decision-making tools are dedicated products that provide multiple avenues for assistance in the decision-making process. Typical features of decision-making software include scenario analysis, cost-benefit analysis, consensus tracking, and previous decision tracking. Users can even pull in or input relevant data for analysis to help guide their decisions. Decision-making software can be leveraged by any kind of team, but can be especially helpful in physical group settings or for remote teams coordinating from disparate places.
Specific features within decision-making software can be found within meeting management software and board management software, particularly consensus tracking. However, dedicated decision-making tools host features that assist in both the decision-making process and in sharing results with stakeholders. Additionally, decision-making offerings are not specifically catered to C-suite executives or board members as is the case with board management software.
To qualify for inclusion in the Decision-Making category, a product must:
Analyze and visualize input data related to a decision at hand
Provide scenario analysis
Offer tools to collect group feedback
Engage and share decisions with internal and external stakeholders
