Review: Firmex Virtual Data Room

What Type of Business Benefits from Firmex’s VDR Software?

Firmex Virtual Data Rooms is perfect for any Small-Medium to Large businesses. The following are the industry solutions that Firmex’s VDR software targets:

  • Bankruptcy
  • Clinical Studies
  • Board Reporting
  • Private Equity
  • Restructuring
  • Post Merger
  • M&A (Merger and Acquisition) Sell Side
  • M&A Buy Side
  • Hedge Funds
  • Litigation
  • Board Reporting
  • Debt Financing
  • Due Diligence
  • Fundraising
  • …and more

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More About Firmex

Firmex is one of the more popular and highest rated VDR solutions due to their high quality, incredible support, and trustworthiness from over 100,000 companies worldwide.

If you’re a law firm, private equity group, corporation, investment bank, or other business or entity that needs more serious VDR power and software, Firmex is a great place to start. From document sharing, sharing large volumes of documents securely and instantly, and having absolute security at your disposal is priceless for any company.

Check out the following link to get started and choose the best plan with Firmex, that is right for you, your business, and your budget. You have options such as a Corporate Single-Use Data Room, which means you can run a one-time deal or project that can be upgraded at any time, or you can choose an Enterprise Multi-Use Subscription, which means you can manage multiple projects and integrate with enterprise solutions.

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Pricing and Choosing Options

Get Started on Your Firmex Plan: https://www.firmex.com/get-started/

You can even try a free trial of Firmex’s VDR software for two weeks: https://www.firmex.com/signup/free-trial-offer/

The growing popularity of Firmex has been noticed as of late due to its transparency and the absolute quality and high tech software that you get for your money. Regardless of whether you want to use Firmex for a single deal for a one-time fee or unlimited access for multiple projects for a fixed annual fee, both options come with their award-winning customer service and unlimited live support, available 24/7.

 

Features

User Interface

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

Accessibility

  • iPad Application
  • No Client Software Required

Document Security

  • 128-bit SSL Encryption
  • 256-bit SSL Encryption
  • Data Backup
  • Virus Scanning
  • SSAE 16 Certified
  • SOC 2 Certified
  • Dynamic Watermarks
  • Document Expiry
  • ISO 27001 Certified

Access Security

  • Permission Groups
  • Two-Factor Authentications
  • Set User Permissions

Audit/Report

  • Audit Logs
  • Document Version Control
  • Automatic Audit Reports

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Cons

One con that may be a deal breaker is that Firmex’s Platform is Online only. It can be accessed through an iPad Application only if you require mobile, but otherwise it is strictly online. Also, while no client software is required, there are other VDR options that provide a much wider range of Platforms, such as: On-Premises, Mobile, App, Cloud, and Hybrid options. However, depending on the nature of your business, this may be exactly what you are looking for.

Another con is that Firmex is not up front with the costs associated, which can turn into the tens of thousands of dollars for large enterprises and so it requires some work to get pricing based on your needs. That being said, Firmex has a very serious reputation as one of the best VDR software companies around.

 

Is it Worth it?

The security and overall features are very solid in this VDR brand, and this includes the standards of higher priced options. You can revoke access from already downloaded documents; run audit reports; use dynamic watermarks; use search, comment, and tag functions that allow for superior document organization; increase the efficiency of your work; and more.

Overall, we are very impressed with Firmex’s brand, their software, security, and quality offered in the VDR software business.

 

 

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