A virtual data storage portal and board is a computer program for governance that allows users to communicate and collaborate digitally in a protected environment. It features document storage, message abilities voting functions, record storage, and many more. It is a perfect solution for companies that want to streamline the process of board meetings and improve the efficiency of directors.

A selecting the best-fit due diligence software for your business needs board portal makes it easy for directors to have access to the latest information they require prior to and during meetings, transforming the way they make decisions. Directors can also comment on and collaborate on files instantly, eliminating the need to go through old emails or shuffle piles of physical documents. In a time when boards are increasingly diverse and distributed, the ability to access, share and annotate files instantly, regardless their geographical location, can be invaluable.

It is important to consider the needs of both administrators and directors when selecting the best board portal. You should also select an option that is user-friendly design as well as excellent customer service. In addition, the software should be scalable, with both an annual and a monthly pricing structure that can be adjusted to meet your budget.

You should also be able to be able to monitor the activities of specific users. You'll be able monitor which documents an employee seen and when they viewed them. This ensures that confidential information is not disclosed or shared with unauthorized parties and improves accountability.