Virtual Data Storage and Board Portal
A virtual data storage and board portal is a digital platform that is designed to provide secure centralised storage of documents and real-time communication between multiple users. It allows administrators and directors to be more efficient without having to send multiple versions of documents via email, or risk getting lost among cluttered email chains. It’s also a great instrument for companies seeking to raise funds or sell their business because it makes it easier for prospective buyers to access the most important documents for the company.
Stakeholders are able to access the board management application on any device or location that is connected to the internet. They are able to fulfill their governance responsibilities from any location. They can prepare for meetings, edit and share documents. They can also discuss them prior to and during meetings. Video conferencing lets them be part of meetings even if they are not physically present.
VDRs unlike traditional file-sharing software, include the modern security features to ensure that the files and documents on the platform remain secure. These include data encryption and access rights that are highly restricted to minimise the possibility of data breaches and theft. It also provides a reliable platform for hosting and uptime statistics to improve the reliability.
Furthermore, it permits organizations to collaborate on projects with partners, regardless of whether they are located in the same building or on the same continent. This improves efficiency and facilitates better decision making during board meetings. Additionally, it reduces the time and costs of gathering and preparing meeting materials. iBabs gives you all these benefits and more using our powerful board portal solution. Request a demonstration to discover how it could change the way that your board conducts meetings.