FORDATA VDR

RATING:

4.7

(46)

About FORDATA VDR

Fordata Virtual Data Room is a cloud-based virtual data room (VDR) solution that allows businesses in the financial and banking industries to securely manage confidential documents and communication between transaction parties. Fordata VDR is able to provide access control tools to help financial businesses with information security and control over users and documents. Key features include access control, secure data rooms, document monitoring and protection, two-factor authentication, and data compliance. With Fordata VDR, businesses are able to protect documents by giving businesses the tools to disable document editing, printing, and saving. In Fordata's virtual rooms, businesses know exactly who is in the system and how much time is spent on each document with acc...

FORDATA VDR Pricing

VDR Lite Plan: €165/month for 15 users Contact FORDATA for VDR Basic and VDR Pro Plan

Starting price: 

€159.20 per month

Free trial: 

Available

Free version: 

Not Available

Reports
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FORDATA VDR Reviews

Overall Rating

4.7

Ratings Breakdown

Secondary Ratings

Ease-of-use

4.5

Customer Support

5

Value for money

4.5

Functionality

4.5

Most Helpful Reviews for FORDATA VDR

1 - 5 of 46 Reviews

User Profile

Paweł

Verified reviewer

Banking, 10,000+ employees

Used more than 2 years

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed February 2019

Reliable + value for money

PROS

Very good quality at a great price. I recall customer support very fondly. I was with an investment bank that had a number fo unique requests and they were all dealt with.

CONS

Several years back, when I was last using Fordata's software, it still had no convenient mobile option. Also, it ran kind of sluggish on some browsers. It was not a dealbreaker, but I would like to see this fixed (maybe it already has been).

Vendor Response

Thank you for the positive review! Everyday, our developers are developing our system and the problems you wrote about are no longer present.

Replied February 2023

Kamil

Investment Banking, 2-10 employees

Used daily for less than 2 years

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed November 2023

Very good platform for reasonable price

I very much like using Fordata and choose it for every DD project.

PROS

Simplicity, great customer support, always open to resolve customer issues

CONS

Document storage metrics for non-DD projects are not sometimes fully adequate

Reason for choosing FORDATA VDR

More competetive price, good support in Poland, easy and quick to set up.

Vendor Response

Thank you for your positive review! :) We're thrilled to hear that you find our platform to be a very good choice, especially appreciating its simplicity and excellent customer support. Your feedback about document storage metrics for non-DD projects is noted, and we'll use it to make necessary improvements.

Replied December 2023

Jarosław

Financial Services, 10,000+ employees

Used monthly for more than 2 years

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed February 2023

View from user - dd team member

PROS

In my opinion, using a VDR can have many positive benefits.Firstly, it is highly secure and provide encryption and authentication features, making them an ideal solution for organizations looking to protect sensitive data. This provides peace of mind to both the company and its stakeholders, knowing that their information is in safe hands.Secondly, VDR can save significant amounts of time and resources compared to traditional methods of data sharing, such as physical document rooms or email. VDRs allow authorized users to access and collaborate on documents from anywhere, at any time, and from any device, increasing efficiency and productivity.Thirdly, VDRs provide transparency and control to the data owner, allowing them to track who has accessed the data, when it was accessed, and what actions were taken. This helps to prevent unauthorized access or misuse of sensitive information, ensuring that the data remains confidential.Overall, in my opinion, using a VDR can have many positive benefits, including enhanced security, efficiency, and control over sensitive data. As such, I believe that VDRs are an essential tool for organizations that need to securely manage and share confidential information.

CONS

Nothing comes to my mind in terms of cons of the service

Vendor Response

Thank you so much for this geat review! We are glad that the FORDATA system has so many positive benefits and, in your opinion, is an essential tool for the organization.

Replied February 2023

Konrad

Real Estate, 51-200 employees

Used daily for less than 2 years

Review Source: Capterra

OVERALL RATING:

3

EASE OF USE

3

VALUE FOR MONEY

3

CUSTOMER SUPPORT

5

FUNCTIONALITY

2

Reviewed February 2019

FORDATA REVIEW

VDR is used by my company to manage data flow between various parties during property due-diligence. It is used quite commonly. What I especially like about Fordata is great costumer support. Consultants are always available and eager to help.

PROS

* The interface is pretty transparent, although the design could be more modern-looking * The software allows to use all basic functionalities of the VDR * The staff is very helpful

CONS

* Interface looks obsolete, * the software works pretty slow, especially in terms of major operations (e.g. deleting files in bulk) * some of the functionalities (e.g. like sending notifications to users) are not very intuitive * Necessity to log into an additional panel (Fordata uploader) in order to manage files.

Vendor Response

Thank you for your opinion. It has been 3 years since the opinion was issued. Our system is still being developed. What you pointed out as cons are no longer cons. We encourage you to use it again.

Replied February 2023

Gertraud

Electrical/Electronic Manufacturing, 2-10 employees

Used daily for less than 6 months

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed March 2024

excellent price-performance ratio

PROS

very easy to use, even with no experience friendly customer service

CONS

the translations in german version could be better

Reason for choosing FORDATA VDR

friendlyness of staff, which in the end made the decision for FORDATA very easy

Vendor Response

Thank you for your feedback! :) We're glad to hear that you found our platform easy to use, even without prior experience. Regarding the German version translations, we appreciate your input and are continually working to improve in that area. We're committed to providing the best possible experience for our users :)

Replied March 2024