Virtual Data Storage and Board Portal
A virtual board portal and data storage is a digital platform that is designed to provide secure centralised storage of documents and real-time collaboration between multiple users. It allows directors and administrators to work more effectively without the need to send multiple versions of documents or perhaps risk losing them in the jumbled email chains. It’s also an excellent tool for companies that are looking to raise funds or sell their business as it makes it much easier for potential buyers to access crucial company records.
Stakeholders have access to the board management software from any internet-connected device or location and fulfill their governance responsibilities from any location. They can prepare for meetings, edit and share documents, and debate them before meetings, and afterwards. Video conferencing allows them to take part in meetings even when they are not physically present.
Unlike conventional file-sharing tools, VDRs incorporate top-of-the-line security features to ensure the confidentiality of the files and documents stored within the platform. Data encryption and extremely restricted access rights are just a few of the features that help minimise the risk of data breaches, or theft. It also provides a stable platform for hosting and statistics on uptime to improve the reliability.
It also lets companies collaborate with partners on projects regardless of whether they are located within the same building. This improves efficiency and facilitates better decision-making during board meetings. Furthermore, it helps reduce costs and time spent on preparing and collecting meeting materials. iBabs the powerful board portal solution has all these advantages and more. Request a demo to see how it can improve the way your board conducts its meetings.