A virtual data storage and board portal is a digital platform intended for secure centralised storage of files and real-time communication between multiple users. It allows administrators and directors to perform their duties more efficiently without the need to send multiple versions of documents via email, or risk being lost in the jumbled email chains. It’s also an excellent tool for companies looking to raise funds or sell their business as it makes it easier for prospective buyers to access crucial documents for the company.
The board management software on any device with internet connectivity and perform their governance duties from any place. They can prepare for meetings edit and share documents, and debate them before, during and after meetings. Video conferencing lets them take part in meetings even when they are not physically present.
Contrary to conventional file-sharing software, VDRs incorporate top-of-the-line security features to ensure the security of documents and files stored within the platform. These include encryption for data and access rights that are highly restricted to reduce the risk of data breaches as well as information theft. It also provides a stable platform for hosting and statistics on uptime to improve reliability.
In addition, it enables organisations to collaborate on projects with partners regardless of whether they are located in the same building or across a continent. This increases efficiency and encourages better decision-making during board meetings. It can also cut down on the time and costs spent in gathering and preparing materials for meetings. iBabs gives you all these benefits and more with our powerful board portal solution. Request a demonstration to see how it can improve the how your board conducts its meetings.
