Firmex Virtual Data Room

RATING:

4.8

(308)

About Firmex Virtual Data Room

Firmex Virtual Data Rooms is a HIPAA-compliant cloud-based virtual data room solution for small, midsize and large enterprises. It caters to mergers and acquisitions advisory, corporations, funds and private equity, pharmaceutical, mining and energy, investment banks and law firms. Primary features include document management, data security, user invitations, user activity, audit trails and reporting. Other features include two-factor authentication, user-access management, email upload and drag and drop. Users can organize new documents by implementing the versioning feature of the software. The ‘View As’ feature allows users to preview the data rooms while checking the security settings. Other modules of the software include FileSend and Document Sharing. ...

Awards and Recognition

FrontRunner 2022
Software Advice's FrontRunners report ranks top products based on user reviews, which helps businesses find the right software.

Firmex Virtual Data Room Pricing

Free trial: 

Available

Free version: 

Not Available

Project files are organized the same way they were on the users' hard drive
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Firmex Virtual Data Room Reviews

Overall Rating

4.8

Ratings Breakdown

Secondary Ratings

Ease-of-use

4.5

Customer Support

5

Value for money

4.5

Functionality

4.5

Most Helpful Reviews for Firmex Virtual Data Room

1 - 5 of 309 Reviews

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

Sarah

Law Practice, 51-200 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

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed May 2024

Very easy to use!

I use it every few day to weekly. I create the extranet site, add the invitees, set up the rooms with folders when necessary, and upload/download documents

PROS

It is very easy to learn and use. I would recommend it to anyone.

CONS

I wish there was an easy way to remove/edit incorrect contacts when adding contacts to a Group.

Vendor Response

Thanks for the kind words and word of mouth when speaking about Firmex within your network, always great to hear. As for removing or editing users, you can simply do that with the drop down menu, users can be removed without any notification to set user or a complete group can be removed. Here is a link to our online Knowledge Base on https://support.firmex.com/hc/en-us/search?utf8=%E2%9C%93&query=remove+user

Replied June 2024

Kevin

Investment Banking, 51-200 employees

Used weekly for more than 2 years

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

OVERALL RATING:

3

EASE OF USE

4

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

3

Reviewed November 2023

Good Product, Secure and User Friendly

PROS

It has all the functions needed to effectively manage a dataroom. I trust the security of the datarooms.

CONS

I cannot download files with watermark based on a specific user's access.

Vendor Response

Thanks for the feedback. As for your issue downloading files with a watermark, there could be a couple instances of why this is happening but without further details I can only speculate. For security reasons, only users themselves can download files with watermark as the watermark is specific to each user. However, if you don't see an option to download files outside of our view as feature, please ensure download is enabled as both office & PDF files can be downloaded with watermarks. As always, please reach out to our support team which is available 24/7 for all users that are associated to your project. Also, I am available to connect if this may be a product issue, my email is james.lehuquet@firmex.com

Replied January 2024

Graeme

Financial Services, 51-200 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

3

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed February 2024

Great Functionality and Customer Service

Really good - better and cleaner offering than the main VDR competitors in the marketplace

PROS

Customer service and responsiveness is excellent - timely and helpful helpdesk

CONS

The cost is always an answer for this given other platforms that are far cheaper, but this is balanced against the functionality of Firmex

Reason for choosing Firmex Virtual Data Room

Overall easier to use and solid functionality was what we were looking for in the product offering

Vendor Response

Thanks for the feedback, we pride ourselves on having the best support team in the industry and it shows based on the amount of positive feedback we get from our clients. In terms of pricing, we provide a top tier product at a mid-market price point. Of course there are other low cost competitors our there, but with that comes sacrificing ease of use, intuitiveness and overall feature set.

Replied March 2024