A virtual board portal and data storage is a digital platform intended for the secure centralised storage of files and real-time collaboration among many users. It enables administrators and directors to work more efficiently without the hassle of emailing multiple versions of documents, or risk losing them in the jumbled email chains. It’s a wonderful tool for businesses seeking to raise funds or sell their business, since it makes it avoid cyber security issues with the data room software simpler for prospective buyers of the company to access crucial records.
Stakeholders are able to access the management software for board members from any device or place that is connected to the internet. They are able to fulfill their governance responsibilities from any place. They can prepare for meetings and edit and share documents. They can also debate the documents prior to and during meetings. Video conferencing allows them to be part of meetings even if they aren’t physically present.
VDRs unlike other file-sharing software, include the modern security features to ensure that the documents and files on the platform are kept secret. These include encryption for data and highly restricted access rights to reduce the risk of data breaches and information theft. It also offers a reliable hosting platform, as well as uptime statistics, for greater security.
It also lets companies collaborate with partners on projects regardless of whether they are located in the same building. This increases efficiency and promotes better decision making during board meetings. Additionally, it can cut down on the time and cost of preparing and collecting materials for meetings. iBabs can provide all of these benefits and more using our powerful board portal solution. Request a demonstration to see how it can change the way that your board holds meetings.