A virtual board portal is an online platform that allows real-time collaboration between many users and secure centralised storage of documents. It enables administrators and directors to work more effectively without the hassle of emailing multiple versions of documents or perhaps the risk of them getting lost in cluttered email chains. It’s also a fantastic tool for companies that are looking to raise funds or sell their business because it makes it much easier for potential buyers to access crucial business records.

Stakeholders have access to the board management software on any device connected to the internet and perform their governance duties from any place. They can prepare for meetings, edit and share documents, and debate them prior to meetings, as well as after. They can also use video conferencing to be able to participate in meetings when they are not physically present.

VDRs, in contrast to traditional file-sharing software, include the modern security features to ensure that the documents and files on the platform remain confidential. Data encryption and severely restricted rights of access are among the features that can help reduce the data room software as an advanced collaboration tool possibility of data breaches or theft. It also provides a stable platform for hosting and statistics on uptime to improve reliability.

It also permits organizations to collaborate with partners on projects, regardless of whether they are located within the same building. This increases efficiency and encourages better decision-making during board meetings. It can also reduce the time and cost on gathering and preparing meeting materials. iBabs’ powerful board portal solution provides all these advantages and more. Request a demo to see how it can alter the way your board conducts its meetings.