A virtual data storage and board portal is a platform for digital data intended to secure centralised storage of files and real-time collaboration between multiple users. It enables administrators and directors to work more effectively without having to email numerous versions of documents or perhaps risk them getting lost in a maze of email chains. It’s a fantastic tool for companies looking to raise money or sell their business, because it makes it easier for prospective buyers to access important records.
Stakeholders can access the board management software on any device connected to the internet and fulfill their governance responsibilities thriving in a mobile-first business environment anywhere. They can prepare for meetings and edit and share documents. They can also discuss them before and during meetings. They can also use video conferencing for participation in meetings even if they are not physically present.
VDRs, in contrast to traditional file-sharing software, include the modern security features to ensure that the files and documents on the platform are kept private. Data encryption and highly restricted access rights are just a few of the features that reduce the risk of data breaches or theft. It also provides a stable hosting platform as well as uptime statistics for more reliability.
Additionally, it allows organisations to collaborate on projects with partners irrespective of whether they are located in the same location or continent. This improves efficiency and facilitates better decision making during board meetings. It can also cut down on the time and cost in gathering and making materials for meetings. iBabs’ powerful board portal solution provides all of these advantages and more. Request a demo to see how it can transform the way your board conducts its meetings.