A virtual board portal and data storage is a digital platform that is designed to secure centralised storage of documents and real-time communication between multiple users. It allows administrators and directors to perform their duties more efficiently avoid cyber security issues with the data room software without the need to send multiple versions of documents via email or risk them being lost in a sea of email chains. It’s a fantastic option for companies seeking to raise money or sell their business because it makes it much easier for prospective buyers to access the most important documents.

Board members can access the 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, and debate them before meetings, and afterwards. Video conferencing allows them to participate in meetings even though they are not physically present.

VDRs, in contrast to traditional file-sharing software, include the latest security features to ensure that the documents and files stored on the platform are secure. Data encryption and tightly controlled access rights are just a few of the features that help minimise the risk of data breaches and information theft. It also provides a reliable hosting platform, as well as uptime statistics, for greater reliability.

It also allows organizations to collaborate with partners on projects, regardless of whether they are in the same building. This increases efficiency and encourages better decision-making during board meetings. It can also cut down on the time and costs spent on gathering and preparing meeting materials. iBabs can provide all of these benefits and more with our powerful board portal solution. Request a demonstration and see how it could change the way that your board meets.