A virtual board portal is an online platform that enables real-time collaboration between multiple users and secure centralised storage of documents. It enables administrators and directors to work more efficiently without the hassle of emailing multiple versions of documents or risk them getting lost in the jumbled email chains. It’s a great option for companies seeking to raise funds or sell their business, because it makes it much easier for prospective buyers of the company to access the most important documents.
Stakeholders can access the board management software on any device that is connected to the internet and perform their governance duties from any location. They can prepare for meetings, edit and share documents. They can also discuss them prior to, during and even after meetings. Video conferencing allows them to be part of meetings even if they aren’t physically present.
In contrast to traditional file-sharing tools, VDRs incorporate top-of-the-line security features to ensure the security of the files and documents stored within the platform. These include encryption for data and access rights that are highly restricted to minimize the risk of data breaches as well as information theft. It also provides a secure platform for hosting and statistics on uptime to improve reliability.
Furthermore, it permits organizations to collaborate on projects with partners regardless of whether they’re within the same location or continent. 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 gathering materials for meetings. iBabs provides all of these benefits and more using our powerful portal for boards. Request a demonstration to discover how it can change the way that your board holds meetings.
make informed decisions using data-driven board portal features