V-Rooms Virtual Board Portal – An Economical Alternative
The V-Rooms Virtual Board Portal provides boards of directors with a highly secure, yet
economical, Internet-based electronic board book platform for managing director level
communications and activities.
Atlanta, Ga (PRWEB) May 06, 2011 -- V-Rooms™, a product of Due Diligence Online, LLC, has launched the
Virtual Board Portalwhich serves as an online replacement for the cumbersome three-ring binders normally
used for board meeting materials. At an annual base cost of only $3,000, the V-BoardPortal offers a significant
cost savings, compared with the printing, binding and shipping of hard copy documents.
The Board Portal concept was initially driven by the Sarbanes-Oxley act to provide better corporate governance
through timely information access and increased director visibility. Additionally, corporate board members have
become more technologically savvy and weary of bulky board books. The web-based platform makes it easy
for board members to access, review and exchange the crucial business data they need in order to make better,
more informed decisions. Now administrators are able to build board books, upload new versions of documents
and instantly distribute this information. Directors are able to search historic documents 24/7, access current
information and even cast their vote in the Board Portal secure system.
“Our V-Rooms Virtual Board Portal is a natural extension of our Virtual Data Room (VDR) platform which has
been assisting in streamlining financial and legal transactions for over six years,” said Dan Bradbary, CEO of
V-Rooms. “We are able to easily tailor our full-featured VDR program to economically meet the needs of board
members of public and private companies.”
Corporate governance is becoming increasingly more complicated. Board members, along with their associated
committees, executives and outside consultants generate and share highly sensitive information relating to
topics such as strategic alliances, potential acquisitions, compensation and litigation. The V-Rooms Virtual
Board Portal provides corporate directors with a highly secure and cost effective web-based environment to
manage this critical information. 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.
About V-Rooms:
Due Diligence Online, LLC (800-731-6379). V-Rooms provides privately-branded online virtual board room
and virtual data room solutions, 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.
Contact Information
Karen Perkins
V-Rooms
http://www.v-rooms.com
800-731-6379