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A virtual data storage portal as well as a board portal is an application that simplifies administrators and directors’ meet and access board materials. These applications enable organisations to organize meetings using paperless technology which saves money on paper and helps them achieve good governance. They also help save time due to a reduction in meeting preparation and time. Changes to documents can also be made quickly and ensure that the information available to directors is always up-to-date.

The most important features of a board management software to look for include ease of access, efficient document management and scaling. The most effective solutions are adapted to different users’ technological capabilities, and include features that are user-friendly. They should also provide first-class customer support that’s available round-the-clock to answer questions.

A good board portal should have audit trails that track every action taken within the system. This helps increase accountability, protects sensitive information, and lets administrators to see who has accessed which files and when.

It’s crucial to ensure that your stakeholders embracing cloud technology for scalability have access to the documents and files they require quickly, regardless of whether you’re raising money or selling your company. A robust, secure virtual dataroom serves as a central repository for document exchanges. This eliminates the need to search through old email threads and go through a mountain of documents. VDRs also have top security features such as encryption of data, and strictly restricted access to ensure that all documents and files remain private.