driving operational excellence with efficient business process management
A virtual data storage and board portal is a digital platform designed to provide secure centralised storage of documents and real-time collaboration among many users. It allows administrators and directors to work more efficiently without the hassle of emailing multiple versions of documents or perhaps the risk of them getting lost in a cluttered email chain. It’s also a useful tool for companies looking to raise funds or sell their business since it makes it much easier for potential buyers to gain access to important documents for the company.
Stakeholders have access to the board management application on any device or place that is connected to the internet and can perform their governance duties from any location. They can prepare for meetings, edit and share documents and debate them prior to, during and after meetings. They can also use video conferencing to participate in meetings when they are unable to physically be there.
Contrary to conventional file-sharing software, VDRs incorporate top-of-the-line security features to guarantee the security of the files and documents stored within the platform. Data encryption and severely restricted access rights are just a few of the features that reduce the possibility of data breaches and information theft. It also offers a reliable hosting platform as well as uptime statistics for greater security.
In addition, it enables organizations to collaborate on projects with partners irrespective of whether they’re in the same building or on the same continent. This increases efficiency and encourages better decision-making during board meetings. It also helps reduce the time and costs spent in gathering and making meeting materials. iBabs is a powerful portal for boards. solution provides all of these benefits and more. Request a demonstration and see how it can alter the way that your board holds meetings.