A virtual data storage portal and board portal is an online platform that allows for real-time collaboration between many users and secure centralised storage of documents. It allows administrators and directors to work more efficiently without the need to send multiple versions of documents via email, or risk being lost in a mess of email chains. It’s a fantastic tool for companies looking to raise money or sell their business, because it makes it much easier for potential buyers to access important records.
Stakeholders have access to the board management software on any internet-connected device or location and perform their governance duties from any place. They can prepare for meetings, and edit and share documents. They can also discuss them before, during and even after meetings. They can also use video conferencing to be able to participate in meetings even when they are physically unavailable.
VDRs, in contrast to traditional file-sharing software, include the latest security features to ensure that the documents and files on the platform are kept secure. These include data encryption and highly restricted access rights to minimise the possibility of data breaches as well as information theft. It also offers a secure hosting platform, as well as uptime statistics, for greater security.
Furthermore, it permits organisations to collaborate on projects with partners irrespective of whether they’re in the same location or continent. This improves efficiency and facilitates better decision-making during board meetings. Moreover, it can reduce the time and costs of preparing and collecting materials for meetings. iBabs can provide all of these benefits and more with our robust board portal. Request a demo to see how it can alter the how your board conducts its meetings.
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