Virtual Data Storage and Board Portal
A virtual board portal and data storage is a digital platform designed to provide secure centralised storage of files and real-time communication between multiple users. It allows administrators and m&a tools for financial modeling and forecasting business performance directors to be more efficient without having to send multiple versions of documents via email, or risk being lost in a sea of email chains. It’s also an excellent tool for companies that are looking to raise funds or sell their businesses since it makes it much easier for potential buyers to access crucial documents for the company.
The board management software on any device with internet connectivity and perform their governance duties from anywhere. They can prepare for meetings, and edit and share documents. They can also discuss them prior to or during meetings. Video conferencing lets them be part of meetings even if they aren’t physically present.
VDRs unlike other software for sharing files, are equipped with the most recent security features to ensure that the documents and files on the platform are kept confidential. Data encryption and severely restricted access rights are just a few of the features that reduce the chance of data breaches, or theft. It also provides a stable hosting platform as well as uptime statistics for more reliability.
It also lets companies collaborate with partners on projects regardless of whether they are located in the same building. This improves efficiency and promotes better decision-making during board meetings. It can also reduce the amount of time and expense in gathering and gathering materials for meetings. iBabs The powerful board portal solution offers all of these benefits and more. Request a demo to discover how it can alter the way your board conducts its meetings.