Virtual Data Storage and Board Portal
A virtual board and data storage portal is an online platform that allows real-time collaboration between many users and secure centralised storage of documents. It allows administrators and directors to work more effectively without having to send numerous versions of documents, or risk them getting lost in the jumbled email chains. It’s also an excellent tool for companies that are looking to raise funds or sell their businesses since it makes it easier for prospective buyers to access important company records.
Stakeholders can access the board management software on any internet-connected device or location and perform their governance duties from any place. They can prepare for meetings, edit and share documents, and discuss them prior to, during and after meetings. Video conferencing lets them participate in meetings even though they aren’t physically present.
Unlike conventional file-sharing tools, VDRs incorporate top-of-the-line security features to guarantee the security of the documents and files stored on the platform. These include encryption for data and highly restricted access rights to minimise the possibility of data breaches and information theft. It also offers a secure hosting platform, as well as uptime statistics, for greater reliability.
It also allows organizations to collaborate with partners on projects regardless of whether or not they are located within the same building. This increases efficiency and promotes better decision-making during board meetings. Moreover, it can reduce expenses and time spent preparing and collecting materials for meetings. iBabs’ powerful board portal solution has all of these benefits and more. Request a demonstration to learn how it can change the way your board conducts its meetings.