About Fordata VDR

Fordata 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 access cont...


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Supported Operating System(s):

Web browser (OS agnostic)

29 Reviews of Fordata VDR

Average User Ratings

Overall

4.48 / 5 stars

Ease-of-use

4.5

Value for money

4.5

Customer support

4.5

Functionality

4.0

Ratings Snapshot

5 stars

(16)

16

4 stars

(11)

11

3 stars

(2)

2

2 stars

(0)

0

1 stars

(0)

0

Likelihood to Recommend

Not likely

Very likely

Showing 1 - 5 of 29 results

February 2019

Paweł from PFR Ventures

Verified Reviewer

Company Size: 10,000+ employees

Industry: Banking

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

4.0

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).

Response from FORDATA

Replied February 2019

Thank you so much for this great 5-star review! We appreciate it! Your opinion is very important to us! Help us to improve for you.

September 2020

Tomasz from EY sp. z o.o. Corporate Finance sp. k.

Company Size: 10,000+ employees

Industry: Investment Banking

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

4.0

Functionality

4.0

September 2020

Fordata VDR

For Data is quite popular VDR used for exchanging documents during due diligence processes. It is one of the best VDR providers I worked with.

Pros

Fordata VDR is intuitive and easy to navigate. It has all crucial functions - storage of data in an orderly way and Q&A function enabling attachment of files. Exporting index of files and index of Q&A also helps to monitor incoming answers and new files.

Cons

On my last project I noticed that the status of questions was quite misleading - I couldn't find which questions are answered and which not.

Response from FORDATA

Replied September 2020

Thank you for the positive review! We are glad you find the FORDATA system easy to navigate and the Q&A module functions helpful. We appreciate your comment on the questions statuses, too. Our developers will look into it.

February 2019

Konrad from Knight Frank

Company Size: 51-200 employees

Industry: Real Estate

Time Used: Less than 2 years

Review Source: Capterra


Ease-of-use

3.0

Value for money

3.0

Customer support

5.0

Functionality

2.0

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.

Response from FORDATA

Replied February 2019

Thank you for your valued comment! KIndly be informed that FORDATA VDR allows to manage files without necessity to log in to additional panel. The function is available in the main tab of VDR called "Documents" in "Edit Structure" section!

October 2020

Anna from Miton

Company Size: 11-50 employees

Industry: Internet

Time Used: Less than 6 months

Review Source: Capterra


Ease-of-use

4.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

October 2020

Easy to use, value for money

We set up a VDR.

Pros

Easy software to use, no unnecessary functionalities which would only decrease the speed. Great value for money.

Cons

There could be more "packages" to choose from.

Reasons for Choosing Fordata VDR

Better functionalities, more of a VDR than OneHub.

Response from FORDATA

Replied October 2020

Thank you for the great review! Please, be informed that we can always make a tailor-made VDR offer for you via Sales!

February 2019

Anonymous

Verified Reviewer

Company Size: 11-50 employees

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

February 2019

High quality of product and customer service

As mentioned, user friendly software with very powerful platform enabling a control the process. As well as responsive and kind customer service.

Pros

User friendly and quick. In situations of system slowdowns after noticing to the IT support - immediate response and improvement. Great control of the VDR.

Cons

It might have been the issue of my firewalls, but sometimes it was impossible to source data using company plugin

Response from FORDATA

Replied February 2019

Thank you so much for this great 5-star review. We really appreciate you being a loyal customer and helping to share the word about us. We pride ourselves on our customer service and IT support!