FORDATA VDR: Review

Fordata virtual data room (VDR) is the leading Polish provider of VDRs that offer services for legal, financial, real estate, and other industries around the world. Fordata VDR is a web application (cloud-based storage) used for secure storage of files and data as well as controlled sharing of documents with third parties.

Most commonly used for investigation of records of a company that is put up for sale — this is Due Diligence — in Mergers and Acquisition.

Clients

Intended Users

Fordata is intended for use by SMB’s (Small-Medium Businesses), where it is best used by professionals in the following industries:

  • Due Diligence
  • IPO and Exits
  • M&A (Buy and Sell Sides)
  • Post Merger
  • Private Equity
  • Restructuring
  • Bankruptcy
  • Board Reporting
  • Debt Financing
  • Distressed Real Estate
  • Fundraising

…as well as any other industry in the financial, legal, or real estate business that requires a cloud-based solution for data management, storage, and safe financial transactions.

Platforms

  • Online, SaaS, Web-Based, Cloud-Based
  • Mobile

Mobile Platforms

  • iOS

Features

Fordata allows for simultaneous access to documents of independent parties — 24/7 — from anywhere in the world. This helps to shorten the process of a transaction and reduces costs.

The Datapoint feature guarantees users confidentiality and full security of documentation that is shared. There are various security mechanisms such as the following:

  • Encrypted Communication (EVSSL 256 Bit Certificate)
  • SMS codes user authentication
  • ISO 27001:2013 Certificate
  • Real-Time Activity Reports
  • Access Rights Model
  • Reputable Data Centers Located in Europe
  • Guarantee of Uptime and Business Continuity

Document Security

  • 256 Bit Encryption
  • Data Backup
  • Dynamic Watermarks
  • Virus Scanning
  • ISO 27001 Certified

Access Security

  • Multiple Factor / Multiple Channel Verification
  • Set User Permissions
  • Permission Groups
  • Two-Factor Authentications

Audit / Report

  • Audit Logs
  • Notifications
  • Document Version Control
  • Automatic Audit Reports

User Interface

  • Branded Website
  • Bulk Uploads
  • Full Text Search
  • Drag and Drop Files
  • Scroll-Through Viewer
  • Q&A Section
  • In Document Linking

Accessibility

  • Mobile Device Interface
  • No Client Software Required
  • iPad Application
  • Multi-Language Support

Key Features

There are a number of key features that Fordata virtual data room offers its users.

Intuitive and Clear Interface

This VDR has the features required for complex transactions. The easy navigation of this system will save time in time-critical projects. The user-friendliness also means that the system can be configured very flexibly.

Simple Document Management

The simple document management features give you the ability to quickly upload documents using drag and drop, as well as assigning access rights to files at the upload stage. You can also bulk upload and download files and folders and make use of automatic file indexing.

File Protection

Fordata VDR allows you to upload files in any format from PDF, JPG, Office, and so forth. Watermarks, file encryption, and ability to deny access rights such as: printing, file saving, or print screen is possible for PDF files.

The data room also provides protection against the modification of Excel files.

Flexible Access Rights / User Management

These features allow the admin to decide what users can access certain files and areas of this VDR. The system does not have predefined roles, so the admin can create settings themselves. Access control involves blocking access for select users and/or whole user groups for a specific period of time as well.

Advanced Search Options

Using a proprietary algorithm, Fordata VDR has advanced search options that enable users to search specific document names as well as key phrases within the file text without having to open it.

Excel File Protection Against Modification

This virtual data room is one of the few VDRs out there that provides protection against the modification of Excel files. You can share Excel files in their original format without having to worry about them being copied or modified.

PDF files are also protected from modification, printing, and saving as per the VDR market standards. They also include watermark features.

Q&A Module

This module helps to boost the communication between all transaction parties. The Q&A allows users to easily manage questions from investors, and it guarantees confidentiality of the discussions.

Management of Selected Part of Document Structure in VDR

This feature increases the effectiveness of your transactions, where document exchange of two parties is involved, where files are stored in different locations or people uploading files are not a part of the VDR Management Team.

This feature gives you the ability to limit user access rights to manage files within selected folders.

Advanced Audit Trails

Maintaining audit trails is extremely important in this line of work. Trails are an important knowledge source for the Management Team. Audit trails track the transaction progress, verify the work being completed, and allow for the discovery of the true intentions of potential partners.

Activity reports will show you exactly who is viewing what files, when, what folders or files are the most/least popular, and so forth. There are also reports comparing the activity of partners.

Plans & Pricing

To get a price quote that is unique to your business, you have to contact Fordata VDR yourself.

A list of numbers and email addresses can be found at the following link: http://fordata.pl/en/contact/

 

Free Trial

You can try Fordata VDR free for 14 days at the link below. All you need is a name, email address, company name, and a phone number.

Free Trial: http://fordata.pl/en/free-trial/

Conclusion

In addition to the Fordata VDR, there is also a Fordata VDR PRO option, which manages multiple deals and VDR’s within a single system.

Check it out here: http://fordata.pl/en/products/fordata-virtual-data-room-pro/

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