A virtual data storage and board portal is a platform for digital data intended for the secure centralised storage of files and real-time collaboration among multiple users. It allows administrators and directors to work more effectively without the hassle of emailing multiple versions of documents or perhaps risk losing them in cluttered email chains. It’s also a useful tool for companies that are looking to raise funds or sell their business since it makes it much easier for prospective buyers to access crucial company records.
Stakeholders have access the board management application from any device or place that is connected to the internet. They can carry out their governance duties from anywhere. They can prepare for meetings, edit and data room software as an advanced collaboration tool share documents. They can also debate them before, during and even after meetings. They can also make use of video conferencing to be able to participate in meetings even if they are physically unable to attend.
As opposed to the traditional file-sharing applications, VDRs incorporate top-of-the-line security features to guarantee the security of the files and documents stored within the platform. Data encryption and tightly controlled access rights are among the features that can help reduce the chance of data breaches or information theft. It also provides a reliable platform for hosting and statistics on uptime to improve reliability.
It also permits organizations to collaborate with partners on projects, regardless of whether they are in the same building. This improves efficiency and facilitates better decision making during board meetings. It can also cut down on the time and cost in gathering and gathering meeting materials. iBabs offers all of these benefits and more with our powerful board portal solution. Request a demonstration to discover how it could change the way that your board meets.