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A virtual board and data storage portal is an online platform that allows real-time collaboration between multiple users and secure centralised storage of documents. It enables administrators and directors to work more efficiently without having to email numerous versions of documents, or be concerned about them being lost in a cluttered email chain. It’s a fantastic tool for businesses looking to raise funds or sell their business because it makes it much easier for prospective buyers to access the most important documents.

Stakeholders have access to the application for managing boards from any device or place that is connected to the internet and can fulfill their governance duties anywhere. They can prepare for meetings, edit and share documents, and debate them before, during and after meetings. They can also make use of video conferencing to participate in meetings even when they are physically unavailable.

Contrary to conventional file-sharing software, VDRs incorporate top-of-the-line security features to ensure the security of documents and files stored within the platform. This includes encryption of data and access rights that are highly restricted to minimise the possibility of data breaches and theft. It also offers a secure hosting platform, as well as uptime statistics, for greater security.

It also allows organizations to collaborate with partners on projects regardless of whether or not they are located in the same building. This improves efficiency and facilitates better decision-making during board meetings. It also helps reduce the time and costs spent on gathering and preparing meeting materials. iBabs can provide all of these benefits and more using our powerful board portal solution. Request a demonstration and see how it can alter the way your board meets.