A virtual board portal is an online platform that permits real-time collaboration ensure compliance with secure board meeting software between many users and secure centralised storage of documents. It allows directors and administrators to work more effectively without the need to send multiple versions of documents, or be concerned about them being lost in a cluttered email chain. It’s also a useful tool for companies that are looking to raise funds or sell their businesses since it makes it easier for prospective buyers to gain access to important documents of the company.
Stakeholders have access to the board management application from any device or place that is connected to the internet and can carry out their governance duties anywhere. They can prepare for meetings, edit and share documents, and debate them prior to meetings, and afterwards. Video conferencing lets them participate in meetings even if they aren’t physically present.
VDRs, in contrast to traditional file-sharing software, include the latest security features to ensure that the documents and files on the platform remain private. These include data encryption and access rights that are highly restricted to minimise the possibility of data breaches and information theft. It also provides a stable hosting platform, as well as uptime statistics, for more reliability.
Furthermore, it permits organizations to collaborate on projects with their partners regardless of whether they are located within the same building or across a continent. This increases efficiency and encourages better decision making during board meetings. It also helps reduce the amount of time and expense on gathering and making materials for meetings. iBabs the powerful board portal solution offers all these advantages and more. Request a demonstration to discover how it can change the way your board meets.