How vaultbox differs from OneDrive, Google Drive, Dropbox & Box
Updated: Jul 16
At the end of this article, you should be able to see why vaultbox secure cloud storage, financial and legacy planning platform is the best for you.
How vaultbox works?
vaultbox allows you to organise and protect all your digital files/information in one place - from storing, organising and accessing important documents such as wills, life insurance policies, medical records, title deeds, identification documents, and key individual or organisation contacts. The built-in calendar tracks recurring events (upcoming feature). Robust standard reports keep track of your net worth in multiple currencies.
Zero access by admin
Your data is encrypted on your browser before being uploaded to your registry. The vaultbox team cannot decrypt your data and has zero access to the data you have saved in your vault. Your key documents are safely kept in our AWS cloud servers in Singapore, and you're in control of who can access to your data.
vaultbox admin has zero access to what is stored in your vaultbox. No third parties are able to see what you have stored without your pre-authorisation. Your digital assets stay with you and your trusted deputies.
Unlike regular cloud storage platforms, vaultbox has an in-built net worth tracking feature that individuals and businesses can utilise for evaluating investments and managing their finances. vaultbox’s standard reports include balance sheet reports, graphic representations of net worth positioning over time, and pie charts showing the allocation of your net worth across different asset classes and currencies are some of vaultbox’s many features.
It is intuitive to have a digital tool that helps you track your assets and liabilities in multiple currencies that is automatically updated to the latest market rates.
360° Links between your digital assets
vaultbox has the capability to allow users to link between assets/liabilities, documents, contacts and calendar (upcoming feature). For example, a house (asset) can be linked to a home loan (liability) which can be further linked to a mortgage agreement (document), a banker (contact) and reminder for fire insurance renewal (calendar - a new feature which will be available soon). This ensures that one can get a complete picture of the information, not fragmented files in different folders without any linkages and connections to one another.
Auto-updated foreign exchange rates
Upon login, vaultbox automatically updates the exchange rates of your assets and liabilities in foreign currencies to your base currency. vaultbox has integrated Open Exchange Rates API which provides simple, lightweight and portable JSON API. The currency data is algorithmically tracked and blended from various credible sources, ensuring fair and unbiased consistency. At present, Open Exchange Rates API supplies vaultbox with live foreign exchange (forex) rates for over 180 currencies traded worldwide.
Legacy management/professional deputy
In the event of death or incapacitation, what happens to all your assets? Do you have contingency planning so that your loved ones can access to your asset’s information?
With vaultbox's smart legacy management function, users may appoint a personal or a professional deputy to recover and grant access to their nominated confidants, family members, business partners, or legal representatives, unlike current providers who do not have such an option.
What is vaultbox?
vaultbox provides a digital solution for financial and legacy planning. We strive to help you manage and protect everything that matters in one place. vaultbox also ensures that your data is secure and private, so private that even we do not have access to the data you have stored on your vaultbox. However, if you want, you can choose your family members, friends or appoint selected professional deputies to have access to your vaultbox account.
Having a safe and easily accessible platform for all your important information has never been more important. Try vaultbox now with 30-day free trial.