In the Firmex data rooms, more acquisitions, due diligence, and compliance are completed. Thousands of firms use Firmex to handle highly sensitive projects and procedures, with over 15,000 new rooms added each year. You have control over your vital documents thanks to our strong and secure data rooms, as well as our industry-leading customer support. Firmex’s customizable pricing, which includes unlimited data room membership or per-transaction pricing, is unrivaled in the industry. SOC 2 certified, GDPR compliant, and HIPAA compliant. Redaction, SSO, and API
Pricing, Features, Reviews, and Alternatives for Firmex Virtual Data Room
Investment banking, legal, corporates, funds, PE, financial services, renewable energy, biotech/pharma, and other businesses use it to assist with due diligence, compliance, litigation, and audits.
Firmex Virtual Data Room is a secure online platform enabling enterprises, including investment banks, law firms, private equity groups, and corporations, to share secret data. The platform has a highly adaptable user interface that can be customized to fit a variety of corporate procedures. It seeks to help conclude more profitable agreements faster and more efficiently by supporting large-scale cooperation and complicated security scenarios involving many parties.
The Firmex Virtual Data Room is a configurable interface with customized branding that interfaces with the organization’s IT infrastructure. Users may utilize the service to automate a variety of business processes, including document reading, uploading, and editing, as well as note sharing and collaboration.
Users may invite people or whole teams to a transaction and specify restrictions, allowing or denying access as appropriate. Permissions can be set for whole projects, folders, documents, or even individual users. Users may effortlessly drag and drop files or folders into the data room, and tag documents to keep track of changes and assign responsibilities.
The solutions versions’ function automatically displays the most recent version of a document, making historical document monitoring straightforward. It also allows users to go back in time and observe what modifications were made in prior editions. Users may add dynamic watermarks to documents, limit downloads and printing, and track and audit user behavior. All data with Firmex is stored in secure data centers with fire and disaster protection, as well as keycard and biometric access.
Firmex Virtual Data Room has a number of advantages
- The ‘Email-in’ function of Firmex allows users to send documents to the data room via email when they are away from the workplace.
- Security options like access expiration, saving and printing limits, dynamic watermarks, and more provide users with complete control over their documents.
- Firmex provides project consultancy to help organizations create the best-fit data room for their needs.
- Users may just ship their hard drives to Firmex, and they will receive a fully functional and organized data room back.
- Firmex virtual data rooms store information in safe data centers that are certified to meet all major North American, European, and international security standards.
Pros
As a CFO and the Administrator of the VDR, I’ve utilized Firmex on several occasions. I’ve largely used it in a VDR model for M&A due diligence. I find the program to be user-friendly and intuitive. I’ve only had a few people contact me because they can’t figure out how to get to the files they need for first-timers.
Cons
On the downside, make sure you correctly set up the file structure in the first place, since this will limit your ability to set up numerous group access restrictions.