Virtual Data Storage and Board Portal
A virtual board and data storage portal is an online platform that allows for real-time collaboration between many users and secure centralised storage of documents. It allows administrators and directors to perform their jobs more efficiently without the need to send multiple versions of documents via email or risk being lost in the jumbled email chains. It’s an excellent tool for businesses seeking to raise funds or sell their business, as it makes it easier for potential buyers of the company to access important records.
Stakeholders have access to the management software for board members from any device or place that is connected to the internet. They can perform their governance duties anywhere. They can prepare for meetings, edit and share documents, and discuss them before meetings, during and after. Video conferencing allows them to be part of meetings even if they are not physically present.
In contrast to traditional file-sharing tools, VDRs incorporate top-of-the-line security features to protect the confidentiality of documents and files stored within the platform. Data encryption and severely restricted rights of access are among the features that reduce the possibility of data breaches, or theft. It also provides a secure platform for hosting and statistics on uptime to increase reliability.
It also allows organisations to collaborate with partners on projects, regardless of whether or not they are located in the same building. This improves efficiency and promotes better decision-making during board meetings. It can also reduce the amount of time and expense in gathering and gathering materials for meetings. iBabs provides all of these benefits and more with our powerful board portal solution. Request a demo to see how it can improve the how your board conducts its meetings.