A virtual board and data storage portal is an online platform that permits real-time collaboration between many users and secure centralised storage of documents. It allows administrators and directors to work more efficiently without the need to send multiple versions of documents via email or risk getting lost among cluttered email chains. It's a fantastic tool for businesses looking to raise money or sell their business, as it makes it easier for potential buyers of the company to access crucial records.
Stakeholders have access to the board management software on any device connected to the internet and fulfill their governance responsibilities anywhere. They can prepare for meetings, edit and share documents and debate them prior to meetings, as well as after. Video conferencing lets them be part of meetings even selecting the best-fit due diligence software for your business needs if they aren't physically present.
VDRs unlike other file-sharing programs, have the modern security features to ensure that the documents and files stored on the platform are confidential. These include encryption for data and highly restricted access rights to reduce the risk of data breaches and information theft. It also provides a stable hosting platform as well as uptime statistics for greater security.
Furthermore, it permits organisations to collaborate on projects with their partners regardless of whether they are located in the same building or across a continent. This improves efficiency and facilitates better decision-making during board meetings. It can also reduce the time and costs spent in gathering and creating meeting materials. iBabs gives you all these advantages and more with our powerful portal for boards. Request a demo to discover how it can improve the method your board conducts meetings.
