Atlanta, GA, May 18, 2011
Recognizing the increased interest in board portal software, V-Rooms™ Virtual Data Rooms has launched a separate website V-BoardPortal to help organizations streamline their board of director communications and improve calendar coordination.
To address the growing need for secure, online board of director communications, V-Rooms™, a product of Due Diligence Online, LLC, has launched a website to specifically assist corporations in setting up cloud-based electronic board book platforms for managing director level communications and activities.
For organizations to remain effective in today’s environment, their board members must travel frequently because of their geographic disbursement to work on a variety of projects. Meanwhile, they need real-time access to the company`s information to expedite decision making. There are a lot of logistics involved in these processes as directors and executives need to exchange timely and sensitive documents. Market conditions do not allow directors the luxury of waiting three months until the next board meeting. V-Rooms Board Portal solves these problems of time and distance, by providing a secure platform for information exchange and board calendar coordination via our proven online and globally available system 24x7x365.
“Based upon the demand and the growing acceptance of cloud-based systems, we have created a separate, focused website for our V-Rooms Virtual Board Portal solution. This is a natural extension of our Virtual Data Room (VDR) platform which has been used to streamline thousands of financial and legal transactions over the past six years,” said Dan Bradbary, CEO of V-Rooms. “On the new website, we will be providing suggestions and tips on how to implement a board portal and move away from hard copy board books, which by their very nature are costly and very cumbersome to distribute.”
Although, the Board Portal concept was initially driven by the Sarbanes-Oxley Act to provide better corporate governance, corporate board members have become more technologically savvy and weary of bulky board books. This Internet-based solution makes it easy for board members to access, review and exchange crucial business data, even granting access permission for specific documents to external consultants and partners. This is essential in today’s highly mobile and regulated environment where board directors in various locations create logistical challenges for the directors themselves, as well as those individuals responsible for administering boardroom activities.
Due Diligence Online, LLC (800-731-6379). V-Rooms provides a privately-branded online virtual data room solution, designed to streamline document management, collaboration, exchange and archiving for Financial, Legal and Corporate professionals. Our document repository facilitates the compliant and auditable exchange of sensitive information to accelerate complex, information-intensive processes, while reducing the time and expenses associated with data distribution, courier, printing and travel.
Karen Perkins KPerkins@V-Rooms.com Phone: 800-731-6379