Virtual Data Storage and Board Portal
A virtual data storage portal and board portal is an online platform that enables real-time collaboration between multiple users and secure centralised storage of documents. It allows directors and administrators 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 also an excellent tool for companies that are looking to raise funds or sell their business as it makes it easier for potential buyers to access important business records.
Board members can access the management software on any internet-connected device or location and fulfill their governance responsibilities anywhere. They can prepare for meetings, edit and share documents, and discuss them prior to meetings, during and after. They can also use video conferencing to participate in meetings even when they are not physically present.
VDRs unlike traditional file-sharing software, include the latest security features to ensure that the files and documents stored on the platform are secure. Data encryption driving operational excellence with efficient business process management and highly restricted access rights are just a few of the features that help minimise the risk of data breaches or information theft. It also provides a stable platform for hosting and uptime statistics to improve the 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 allows for better decision making during board meetings. It can also reduce the amount of time and expense on gathering and creating meeting materials. iBabs provides all of these advantages and more with our powerful board portal solution. Request a demonstration to discover how it can alter the way your board conducts meetings.