29 Out Virtual Data Storage and Board Portal
A virtual board portal is an online platform that permits real-time collaboration between many users and secure centralised storage of documents. It allows directors and administrators to perform their duties more efficiently without having to send multiple versions of documents via email or risk being lost in a mess of email chains. It’s a wonderful tool for companies looking to raise money or sell their business, because it makes it easier for potential buyers to access crucial records.
Board members can access the management software on any device with internet connectivity and perform their governance duties from anywhere. They can prepare for meetings, edit and share documents. They can also discuss them before, during and even after meetings. Video conferencing lets them participate in meetings even if they aren’t physically present.
Unlike conventional file-sharing tools, VDRs incorporate top-of-the-line security features to ensure the confidentiality of documents and files stored on the platform. This includes encryption of data and highly restricted access rights to reduce the risk of data breaches and theft. It also provides a reliable hosting platform and uptime statistics for greater security.
Furthermore, it permits organisations to collaborate on projects with partners irrespective of whether they are located in the same building or on the same continent. This improves efficiency and facilitates better decision-making during board meetings. It can also cut down on the amount of time and money spent in gathering and making meeting materials. iBabs gives you all these benefits and more with our powerful board portal solution. Request a demo to discover how it can alter the way your board conducts its meetings.