A virtual board portal and data storage is a digital platform intended for secure centralised storage of files and real-time collaboration among many users. It allows administrators and directors to be more efficient without having to send multiple versions of documents via email, or risk being lost in a sea of email chains. It’s also a useful tool for companies looking to raise funds or sell their business as it makes it easier for prospective buyers to gain access to important business records.
The board management software from any device connected to the internet and perform their governance duties from any place. They can prepare for meetings, and edit and share documents. They can also discuss them prior to and during meetings. Video conferencing lets them participate in meetings even though they aren’t physically present.
VDRs unlike traditional file-sharing software, include the latest security features to ensure that the files and documents stored on the platform are secure. Data encryption and severely restricted rights of access are among the features that reduce the possibility of data breaches or theft. It also provides a stable platform for hosting and uptime statistics to improve reliability.
It also allows organizations to collaborate with partners on projects regardless of whether they are located in the same building. This improves efficiency and facilitates better decision-making during board meetings. Additionally, it can cut down on the time and cost of the preparation and collection of materials for meetings. iBabs gives you all these benefits and more with our robust board portal. Request a demo to discover how it can transform the manner in which your board conducts its meetings.