All Firmex Virtual Data Room Reviews

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Anonymous

11-50 employees

Used daily for less than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed June 2023

[sensitive content hidden]

I really enjoy all of my ecounters with Firmex except the inability to use it from a mobile phone

PROS

The ability to easily move / copy documents

CONS

It is hard to use on a mobile phone and use from a mobile application standpoint

Vendor Response

We appreciate the positive feedback on the easy of use and copying documents which saves time and resources compared to other providers. Our platform can be used on a mobile web browser and we do offer an iOS app. The app isn't designed to be a complete substitute, it is meant to be able to store documents offline as well as make some changes remotely.

Replied July 2023

Anonymous

51-200 employees

Used daily for less than 6 months

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

4

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed January 2019

Firmex Virtual Data Room

For the Real Estate and Investment banking, the sharing of confidential documents within the company and taking on projects being in a group has been made easier. The legal documents and the finances which cannot be exposed can be accessed and updated from anywhere with Login access, for example on my iPhone. Tracking old files is much easier, as we go through sharing hundereds of files everyday with corrections pointed and re-corrected.

PROS

The custom sharing platform which is secured and the visibility control for employees. The best part of software is the document validity & password we can set and the people we can choose from list that can access or view the documents. Also the same document cannot be shared by E-mail or any other non Data-room platform and if done. We can control the share and track of the confidential documents.

CONS

The drawback of this software is that we cannot assign different permission or access levels to people in same group. Also, the time stamp cannot be changes to local time, it's always EST available.

Vendor Response

Hello! Thank you for using Firmex. We pride ourselves on our customer service and you having the best experience. In the future, we would be happy to show you how to set user-based permissions in the data room. It's a function we have to set from our end, as group-based permission is the preference of a majority of our users, it's our default. In terms of time zones, increased functionality is on our road map. As it stands now all of our reports can be run at any time zone, be it est, your time zone, or anyone you choose. Happy to jump on a quick call at your convenience. Thanks you, Jason @ Client Success

Replied January 2019

Tom

Accounting, 201-500 employees

Used daily for less than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

3

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed March 2024

Tom Kenny - user feedback

My overall experience of Firmex Virtual Data Room is very positive.

PROS

I like the level of control in relation to managing permissions to be very important and efficient with Firmex Virtual Data Room.

CONS

I don't have a whole lot of negative feedback. Firmex Virtual Data Room offers each of the services needed to host a safe and efficient Virtual Data Room.

Vendor Response

Thanks for the all around positive feedback, really great to hear and we look forward to continually working with you on your VDR needs.

Replied April 2024

Anonymous

11-50 employees

Used daily for more than 2 years

Review Source: Capterra

OVERALL RATING:

3

EASE OF USE

4

VALUE FOR MONEY

4

CUSTOMER SUPPORT

2

FUNCTIONALITY

3

Reviewed May 2019

Overall Good, But No Bells & Whistles

Overall good, but limited customer support.

PROS

Easy to use. Cost effective. User-friendly. Intuitive.

CONS

Highly limited functionality and user analytics.

Reason for choosing Firmex Virtual Data Room

Cost-effective solution.

Vendor Response

Hi there, Thank you for your feedback. We're very pleased you're happy with our platform. We're constantly working on improving our product, releasing new updates each month to bring new functionality to our amazing customers. We very much appreciate the importance of having clear, easily accessible analytics when it comes to your various dataroom needs. For this reason, one our main focuses for the 2019 Product Road-map is improving reporting functionality. If you're interested about hearing more about the upcoming releases, or have questions about product functionality, I'd be happy to arrange a call to discuss at your convenience. Alternatively, our award-winning Support Team is available 24/7/365.They can be reached at 1.888.688.4042 x11 or support@firmex.com. Thanks again for choosing Firmex, Kyle Bardsley Senior Director, Customer Operations & Growth

Replied June 2019

James

Investment Management, 11-50 employees

Used weekly for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed January 2024

Best Dataroom Option

10/10 would recommend to anybody needing a dataroom.

PROS

It's incredibly intuitive, easy to set up, and has all the functionality of the more expensive dataroom sites. The flat cost is a huge benefit as well, I use it for every deal I'm a part of.

CONS

Not much to complain about to be honest. It has all the features you need, is easier to use than other sites, and is less expensive.

Reason for choosing Firmex Virtual Data Room

Ease of use, breadth of capabilities, price, and fixed fee pricing structure.

Vendor Response

We appreciate the feedback, great to hear about your experience.

Replied February 2024

Joseph

Law Practice, 201-500 employees

Used monthly for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

4

VALUE FOR MONEY

5

FUNCTIONALITY

5

Reviewed April 2024

User Friendly and Useful

We use Firmex as a data room for mergers and acquisitions. It is very helpful in the due diligence process. The security and organizational features are also good, as it allows us to grant or deny access to the various files based upon the user and the stage of the transaction.

PROS

It is easy to upload and organize data and documents.

CONS

The initial set up of a new matter is somewhat cumbersome. However, we don't have any substantial cons.

Katherine

Law Practice, 501-1,000 employees

Used monthly for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

FUNCTIONALITY

5

Reviewed April 2024

Easy and Effective

PROS

I received one on one training when I started using Firmex, which was very helpful. After the training, Firmex has been easy to use and always helpful.

CONS

I don't have anything that I dislike about Firmex.

Julie

Law Practice, 501-1,000 employees

Used monthly for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed April 2024

Firmex and Ease of use

PROS

It' fairly easy to use and very helpful having online chats.

CONS

Trying to figure out how to easily see how to access who can see what but the chat line helped me

Alice

Law Practice, 201-500 employees

Used weekly for less than 6 months

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed April 2024

Setting up VDR for due diligence

very good. Support is excellent! I used Live Chat and didn't expect someone respond and actually a live person call me to guide me through.

PROS

easy set up once I get the concept of the structure.

CONS

if documents can be upload directly from document management i.e. IManage. That would be perfect.

Jansen

Transportation/Trucking/Railroad, 51-200 employees

Used weekly for less than 6 months

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

4

FUNCTIONALITY

5

Reviewed March 2024

Quality Functionality

Excellent product. I was not familiar with firmex until recently.

PROS

the organization and search functionality of documentation.

CONS

Look and feel could be better to improve the navigation

Patrick

Mining & Metals, 11-50 employees

Used monthly for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed November 2022

Solid VDR solution

PROS

Administrative tools and controls make it super easy to manage diverse user groups. Setting up the data room from a well-organized internal file share is very easy and efficient. Interface is relatively intuitive and most users are able to navigate with ease.

CONS

The cost of storage can become significant if you are trying to create a comprehensive data room for projects which have a lot of data. Some users have difficulty navigating the data room structure. Automated invitation emails are sometimes intercepted by email filter programs and require additional coordination with end-users to bypass these.

Reason for choosing Firmex Virtual Data Room

Firmex offered the best blend of tools/functionality, interface, and price.

Vendor Response

We appreciate your feedback, and are glad you are having a positive experience. We aim to have the easiest and most intuitive platform on the market. As for cost of storage, I'd be interested in knowing how that compares to our main competitors and the size of your data room. Your feedback on automated emails is also appreciated as our product team are investigating ways to improve the Firmex user experience. Feel free to email me with any more feedback and ideas on improvements you come across.

Replied December 2022

Richard

Financial Services, 51-200 employees

Used daily for less than 6 months

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed January 2023

Comprehensive, Flexible, and Easy to Use Data Room Software/Web Site.

Our company is very satisfied with the implementation of our Firmex virtual data rooms. We share large volumes of data with investors in our loan product and Firmex has given us the ability to provide a platform for seamless investor access to our files.

PROS

The ease of use and organization of the data rooms made the implementation very easy for our company. In addition, the initial and follow-up support for our internal users is unparalleled in the software industry.

CONS

n/a. So far we have had no issues with the software and it has performed as expected.

Reason for choosing Firmex Virtual Data Room

Firmex was the most repsonsive to our company's inquiry and also provided a more personalized solution, including direct access to support and training for all users.

Reasons for switching to Firmex Virtual Data Room

Firmex offered better data protection protocols and was able to be accessed by all external users, which was not the case for the other products. Many banks and other financial institutions prohibit the use of Dropbox and Box.

Vendor Response

Thanks for the amazing piece of feedback, we are always pleased to hear this.

Replied March 2023

David

Venture Capital & Private Equity, 11-50 employees

Used daily for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

4

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed October 2022

Virtual data room with the best price/ performance ratio

PROS

The software is easy to use and inexpensive relative to comparable solutions. Monitoring and Q&A functions come in handy when working with multiple groups on a project.

CONS

The software lacks a good viewer and is sometimes complicated to use with regard to the automatic numbering function. Moreover, it should support more languages.

Reason for choosing Firmex Virtual Data Room

Price and functionality.

Reasons for switching to Firmex Virtual Data Room

Netfiles was too expensive in comparison.

Matt

2-10 employees

Used weekly for more than 2 years

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed July 2016

Excellent Choice for a VDR

Our firm has used Firmex VDRs for dozens of investment banking transactions and are very pleased with the product they put out as well as the support and service we receive.

PROS

The functionality is perfect for running a VDR to share documents and files with many parties while controlling the document flow and accessibility of any party on any document. The product is very competitively priced compared to a lot of the service providers out there. Customer service is very prompt and happy to walk you through any issue, small or large. Firmex is also continually improving its services.

CONS

Security functionality is limited once the files have been downloaded by another party (if you allow them to download). Once a party bulk downloads you lose the ability to track their access and usage of documents and delete the document if you would like to remove their access from the information completely.

Vendor Response

Hi Matt, Thanks so much for taking the time to reflect on your Firmex experience. We very much understand the benefits of being able to track how your users are interacting with files once they've been downloaded. We do offer a selection of Seclore-supported document protection options that can be applied to help monitor the document activity of your users even after the documents have been downloaded from the platform. The Lock to Computer, Expire Access and No Print document protections will give you the insight you're looking for! I encourage you to reach out to your Firmex rep or Firmex Support to get more information and explore if these protections are right for your project. Many thanks, Maren Van Zutphen Customer Success Manager

Replied July 2019

Michael

Investment Banking, 5,001-10,000 employees

Used weekly for more than 2 years

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed January 2021

Investment Banking Review

It is my go to data room provider.

PROS

I like that it is user friendly and cost effective relative to alternatives. Also excellent customer service.

CONS

Creating folders once the main folder structure is set can be difficult.

Reason for choosing Firmex Virtual Data Room

Cost and familiarity with product

Vendor Response

Michael, we appreciate your review and feedback. Within the platform you can create new folders by using the drop down arrow that is located either at the index level or folder level. This will allow you to create a new folder immediately within the desired folder structure area. Here is a link to support this. We also have an excel template that can be customized to your due diligence folder structure. The excel template can be uploaded into the data room directly which will automatically create an entire index folder structure for you. Andrew who is your rep at Firmex would be more then happy to connect and show you how this can be done within Firmex. James - Director of M&A Coverage https://support.firmex.com/hc/en-us/articles/205148527-Upload-folders-documents

Replied April 2021

Sunny

Law Practice, 201-500 employees

Used monthly for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed June 2023

Not friendly to use

I like using Firmex once I figured out how to use. But I shouldn't have to figure out how to use. It should be easy to use.

PROS

Once you figure out how to use its easy but I had to take the time out to figure out. Uploading and downloading is very easy, this function is easy to figure out. But we have to make sure the "Upload, all at once" button has to be clicked. Customer service is excellent.

CONS

Its easy to use once you used it. But its not easy to figure out how to use. If I want to create a new folder, it should be easy to find and to use it. Its not clear what "Add Directory" is. I had to go to the help section to obtain a clear answer. It looks like a folder once I "ADD Directory". And the folder color is grey and stays grey. To me, grey is not being used or not functioning. Color should be change to a folder color or some other color. I had ppl email me that they had access and no longer have access. I have to send another invite, so there is some disconnect there. And it happened with ppl that used Firmex many times before. Is not clear how to add or delete ppl when you are adding them to the Firmex.

Vendor Response

Thanks for the feedback, like any platform using for the first time there is somewhat of a learning curve which is why we have best in industry support. Our team can help you navigate and are available 24/7/365 for any user assistance or troubleshooting. For the additional folders, sub folders and users, the drop down arrow once selected by a user, folder or sub folder will give you all the options needed to make changes.

Replied July 2023

Paul

Banking, 1,001-5,000 employees

Used weekly for more than 2 years

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed January 2021

Easy to use, broad functionality software

Very positive experience. I think Firmex is easy to use and is my go-to data rom.

PROS

Very easy to upload and organize files, very easy to set permissions.

CONS

Possible could make the download function easier to use and more reliable.

Reasons for switching to Firmex Virtual Data Room

Easy to use and pricing

Vendor Response

Paul, Thank you for taking the time to submit your review. We're happy to hear that you're having a positive experience using Firmex. We are continuously looking to improve our product and appreciate the feedback regarding downloads. The download function within the browser will email a zip file containing all of the requested documents, however if you'd like to download directly to your desktop you can use our desktop tool. If you have any questions or require assistance, please do not hesitate to contact myself or your Customer Success Manager directly. Of course, our 24/7 support team is always available to help. Jason - Director of Client Success https://support.firmex.com/hc/en-us/articles/206358288-Download-the-Document-Exchange-for-Desktop

Replied April 2021

Scott

Investment Banking, 11-50 employees

Used daily for more than 2 years

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

4

FUNCTIONALITY

4

Reviewed January 2021

firmex

We have found Firmex to be a high value solution (low cost with decent functionality).

PROS

Firmex is very intuitive and straight forward. Not a lot of bells and whistles, but we don't really need that.

CONS

It would be very nice if it was easier to convert Firmex into a traditional folder view that you get with PCs instead of just the web interface view.

Reason for choosing Firmex Virtual Data Room

cost

Vendor Response

Hi Scott, Thanks for your feedback on the Firmex platform. As the lead contact here at Firmex for SDR Ventures. I am happy to know Firmex is working for you. We greatly appreciate your feedback about having the user interface similar to a traditional folder view. I will make sure to mention it to our product team, so they can take it into consideration for future releases. As a former member of the support team, I'm quite familiar with the product. If there is anything I can do to help create an even better environment, either by offering some complimentary product training or taking down requests for improvements, please let me know. We are always eager to help. Jorge - Customer Success Manager

Replied April 2021

Stefan

Accounting, 1,001-5,000 employees

Used daily for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed April 2023

Firmex Review

Very good, [sensitive content hidden] is an excellent Account Manager. Any questions are answered quickly and with support.

PROS

Very easy to use with every feature that is required for our business unit and clients.

CONS

Difficult to find reporting and total usage.

Reason for choosing Firmex Virtual Data Room

n/a.

Vendor Response

Thanks for the feedback on the user experience and how easy the platform is to use, it is something we are always aiming for. Our reports are located in the reporting tab if you have the appropriate user access. There are analytics on document activity, user activity, as well as advanced reports for admin users. I would be interested to better understand what you mean by total usage, feel free to email me if you'd like help.

Replied May 2023

Stephen

Package/Freight Delivery, 10,000+ employees

Used daily for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed October 2022

Easy to Use for New Users

Great overall experience and trouble-free.

PROS

New users rarely ask for help in doing basic tasks. Setting up permissions is relatively intuitive for an administrator.

CONS

The built-in viewer has trouble with some file formats and so one must download the file to view.

Reason for choosing Firmex Virtual Data Room

Lower cost.

sam

Financial Services, 10,000+ employees

Used daily for more than 2 years

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed February 2024

Samuel Radomsky

PROS

Easily accessible, reliable, features like reports are helpful

CONS

I wish I was able to uplaod zip files into the VDR>

Vendor Response

We appreciate the feedback on the reliability of our product as we pride ourselves on being a product that you will never have to worry about the check engine light coming on. Firmex does have the ability to upload/download zip files, they can't be accessed through the viewer but we do have the ability to upload/download zip files. If you ever have any questions or are in doubt, please reach out to our support team that is available 24/7 at support@firmex.com. Thanks again.

Replied March 2024

Aaron

Investment Management, 201-500 employees

Used daily for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

3

FUNCTIONALITY

4

Reviewed February 2024

Tool of choice

Works a treat for us! No real complaints.

PROS

The Q&A function is unparalled, it just makes it easier.

CONS

Help search is limited, would be nice to have a chat function.

Vendor Response

We appreciate the positive feedback on our Q&A module, great to hear that it is being utilized for your deal. As for support help, we offer 24/7/365 support assistance. We also have an online Knowledge Base that can be found here https://support.firmex.com/hc/en-us, it has tutorial videos and step by step instructions. We are looking into a chat service for our support team as well.

Replied March 2024

Adam

Legal Services, 501-1,000 employees

Used daily for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

FUNCTIONALITY

5

Reviewed May 2023

Great Product

PROS

This is a great program and software for running a deal and keeping many deal participants on the same page.

CONS

I would love it if I could link with our iManage file management software, but not sure if that's possible.

Vendor Response

Thanks for the feedback on how great our product and software is when managing a clients deal. We have had similar comments from our legal clients about this and it is an area our product marketing and team is reviewing to see how this can be implemented within Firmex.

Replied June 2023

Tara

Law Practice, 11-50 employees

Used weekly for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed October 2022

Firmex Delivers A Consistent Secure Platform

PROS

The ability to create various security levels is vital to the value of this platform. The interface is user friendly which makes it essential when dealing with international clients. Lastly, we have not had any downtime with Firmex which has made the ability to share documents in real time remain seamless.

CONS

I would say the ability to have a template email invitation. Maybe it is there but I have not seen it.

Reasons for switching to Firmex Virtual Data Room

The old platform was not longer being supported and they were switching us to Sharepoint that had little support.

Vendor Response

Thanks for the review and feedback. We appreciate the insight into how friendly our UI is and your experience. Our invitation emails are standardized to include the basic information that a user needs to know when logging in. However, you do have the ability to add by copying and pasting a predesigned template to this invitation email. It isn't automated if that is what you are looking for but is a work around that may help. Reach out to myself or our 24/7 support, we'd be happy to show you how to set it up.

Replied December 2022

Eric

Banking, 10,000+ employees

Used weekly for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed December 2022

Product that does what it needs

PROS

The most important thing about Firmex is it's easiness of use. You can deploy a VDR quickly to people that don't need training or instruction.

CONS

Other products offer many bells and whistles that Firmex doesn't have but adding those would probably impact the cost of the solution and it's easiness. We've selected the product so it fits a simple situation and would like that it stays that way.

Reasons for switching to Firmex Virtual Data Room

Ultimately we felt that the service and support we were going to get from Firmex would exceed the others and we were not wrong.

Vendor Response

Thanks for the comments and feedback, especially around how easy the platform is to use and deploy at a moment's notice. We have one of, if not the fastest, turnaround times in the industry to get you access to a data room. As for bells and whistles, we are always looking to add more features/functionality to the platform, and with improvements comes an increase in cost associated with those platform improvements. However, we will always offer a top-tier product at a mid-market price point.

Replied March 2023

Showing 1 - 25 of 296 Reviews