Firmex Virtual Data Room Reviews

Quick easy upload and download of documents. I also think it is easy to navigate. I must also say customer service makes this platform stand out from other platforms that I use.

I am a little frustrated with the storage size alotments in comparison to the cost. Especially when just transferring docs for short term use.

Firmex solves all security issues with transferring documents and I provides reports to track usages.

It is essential for sharing information in negotiations, knowing at all times who is accessing and when and what is being consulted at any given moment. You never lose control or have doubts about the use that is made.

I miss two things. A configurable alert system to know immediately when someone accesses or reviews a document. And to be able to automate reports to be sent automatically.

Resolves controlled and secure sharing of sensitive information

Firmex is a spartan platform that is easy to use and intuitive. No bells and whistles, just straightforward application with easy to understand user interface.

Platform is very easy to use for hosts to set up, and clients and prospects have never complained to us about accessibility or have raised any technical problems to us.

I have not had to utilize customer support, the built-in help feature has been useful and solved what few issues I had.

I've used the Firmex site for multiples deals over the past 3.5 years and have enjoyed the platform, it is also significantly cheaper than other services such as intralinks, while accomplishing the same thing.

No dislikes per se, but additional data could be interesting around users utilization (maybe ability to see exactly which files have been viewed / downloaded), but overall extremely useful.

No frills data hosting platform online for managing our client engagements.

Firmex is one of the most secure and user friendly data room for sharing documentation with external firms. the customer service is amazing.

Searching the documents is required a big improvement. Also, I would recommend to add a feature to rev up the new uploaded documents and archive the old revision with the same content.

NA

Ease of use, excellent tech support, very easy implementation

Nothing, really. Have not encountered any problems

Providing access to potential partners and investors. Secure store and organise essential data

organized dataroom which is simple to use, not overly complex. can setup a dataroom in a matter of minutes.

the Reports function is difficult to use. i.e. monitoring upload/download activity.

some important features are buried, like when you want to change the email frequency settings. hard to find

central folder to provide access to files and allow multiple people from various organizations to access and/or restrict

The ability to add watermarks to specific indexes and the ability to show/hide documents to certain groups

The bulk download and addition of users can be cumbersome.

it provides me with a secure database to upload confidential documents for clients and / or prospective buyers.

I enjoy that it is very user friendly. Adding/ removing folders, restricting accesses to certain group/ people is very easy vs. other VDRs where it is almost impossible to figure out how to do this (it is not as simply as right clicking etc.)

Honestly, there is not much that I dislike. I have been using Firmex since 2018 and it is my go to VDR.

Sharing of confidential materials/ documents with outside parties.

Security: One of the primary considerations for a virtual data room is the level of security it provides. Firmex is known for its enterprise-grade security features, including encryption at rest and in transit, multi-factor authentication, and granular access controls.

User-Friendly Interface: Users often note that Firmex has an intuitive interface that makes it easy to upload, manage, and share documents. This reduces the learning curve for new users.

Customization: Firmex allows users to customize the data room's appearance to match their company's branding, which can provide a more professional look for clients and partners accessing the room.

I really enjoy the product. Thank you for creating it

Mergers and Acquisitions (M&A): During M&A activities, companies share a lot of sensitive data. Virtual data rooms provide a secure environment to facilitate this data sharing.

Due Diligence: Whether for financial, legal, or corporate transactions, due diligence requires the examination of a significant amount of documents. A virtual data room ensures these documents are organized and accessible only to authorized personnel.

Fundraising: Companies looking to raise capital may use virtual data rooms to provide potential investors with access to financial statements, business plans, and other relevant documents.

IPO Preparation: Companies preparing for an Initial Public Offering (IPO) can use a virtual data room to manage and share necessary documentation with regulators, advisors, and potential investors.

Asset Sales: When selling business assets, a company might use a virtual data room to provide potential buyers with detailed information about the assets in question.

Litigation & Legal Affairs: Lawyers and legal professionals might use virtual data rooms to share sensitive documents related to a case or legal transaction.

Real Estate Transactions: Virtual data rooms can help manage and share documents related to property sales, lease agreements, and other real estate dealings.

Document Repository: Some businesses use virtual data rooms simply as a secure repository for essential documents that can be accessed anytime from anywhere.

The most helpful aspect of Firmex is the customization. I am able to invite users and give them specific permissions for each folder. My firm uses Firmex regularly to share documents securely with certain groups of users. The site is easy to navigate, upload documents and search through.

At this time I cannot describe an instance where I disliked any aspect of the site.

The virtual data rooms allow us to securely share a large number of files that would otherwise be difficult to be sent by other means such as email.