Virtual Data Storage and Board Portal
A virtual board and data storage portal is an online platform that enables real-time collaboration between many users and secure centralised storage of documents. It allows directors and administrators to work more efficiently without having to email numerous versions of documents, or risk them getting lost in cluttered email chains. It’s also an excellent tool for businesses looking to raise funds or sell their business as it makes it much easier for potential buyers to access important company records.
Stakeholders are able to access the management software for board members from any device or place that is connected to the internet and can carry out their governance duties from any location. They can prepare for meetings, edit and share documents, and discuss them prior to, during and after meetings. Video conferencing allows them to participate in meetings even if they are not physically present.
VDRs unlike other file-sharing software, incorporate the latest security features to make sure that the files and documents on the platform are kept secret. Data encryption and highly restricted access rights are among the features that reduce the risk of data breaches or theft. It also provides a reliable platform for hosting and statistics on uptime to improve the reliability.
It also allows organisations to collaborate with partners on projects, regardless of whether or not they are in the same building. This improves efficiency and facilitates better decision making during board meetings. Furthermore, it helps reduce costs and time spent on gathering and preparing materials for meetings. iBabs offers all of these benefits and more using our board portal solution that is powerful and efficient. Request a demonstration and see how it can alter the way your board conducts meetings.
