A virtual data storage and board portal is a digital platform that is designed to secure centralised storage of files and real-time collaboration between multiple users. It allows directors and administrators to perform their duties more efficiently without having to send multiple versions of documents via email or risk them getting lost among cluttered email chains. It’s a fantastic option for companies seeking to raise funds or sell their business, because it makes it much easier for potential buyers of the company to access the most important documents.

Stakeholders have access to the board management software from any internet-connected device or location and perform their governance duties from anywhere. They can prepare for meetings, and edit and share documents. They can https://technokingindia.com/ also discuss them prior to or during meetings. Video conferencing allows them to take part in meetings even when they are not physically present.

VDRs unlike other software for sharing files, are equipped with the latest security features to make sure that the documents and files on the platform remain secure. Data encryption and highly restricted access rights are among the features that help minimise the risk of data breaches and information theft. It also offers a secure hosting platform and uptime statistics for more reliability.

It also permits organizations to collaborate with partners on projects regardless of whether or not they are located in the same building. This improves efficiency and facilitates better decision making during board meetings. It can also cut down on the amount of time and money spent on gathering and making materials for meetings. iBabs the powerful board portal solution can provide all of these advantages and more. Request a demonstration to see how it can transform the way that your board conducts meetings.