A virtual board portal and data storage is a digital platform designed for the secure centralised storage of documents and real-time collaboration among multiple users. It allows directors and administrators to work more efficiently without having to email numerous versions of documents, or risk losing them in a maze of email chains. It’s a wonderful tool for companies looking to raise funds or sell their business because it makes it much easier for potential buyers to access crucial records.

Stakeholders have access to the board management software from any internet-connected device or location and fulfill their governance responsibilities anywhere. They can prepare for meetings, edit and share documents and debate them before meetings, during and after. They can also make use of video conferencing to participate in meetings even if they are unable to physically be there.

As opposed to consider key features when choosing data room providers the traditional file-sharing applications, VDRs incorporate top-of-the-line security features to ensure the security of the documents and files stored within the platform. Data encryption and extremely restricted access rights are among the features that can help reduce the chance of data breaches and information theft. It also provides a stable hosting platform and uptime statistics to ensure greater 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. Additionally, it reduces expenses and time spent gathering and preparing meeting materials. iBabs’ powerful board portal solution offers all of these benefits and more. Request a demo to see how it could change the way that your board holds meetings.