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 control an...

FORDATA VDR Pricing

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

Starting price: 

165.00 per month

Free trial: 

Available

Free version: 

Not Available

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FORDATA VDR User Reviews

OVERALL RATING

SECONDARY RATINGS

Ease-of-use

4.5

Value for money

4.5

Customer support

4.5

Functionality

4

Showing 1 - 5 of 32 reviews

User Profile

Paweł

Verified reviewer

Company size: 10,000+ employees

Industry: Banking

Time used: More than 2 years

Review Source: Capterra

5

Ease-of-use

out of 5
5

Value for money

out of 5
5

Customer support

out of 5
4

Functionality

out of 5

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

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.

Replied February 2019

Anonymous

Company size: 11-50 employees

Time used: Less than 2 years

Review Source: Capterra

4

Ease-of-use

out of 5
4

Value for money

out of 5
5

Customer support

out of 5
3

Functionality

out of 5

May 2019

Decent DD VDR software

I use Fordata VDR to receive data from target companies in due diligence processes. I had an overall good experience with this software and I can recommend it to a business professional in advisory sector.

Pros

Easy to use and pretty straightforward Daily updates about new files

Cons

Fordata VDR plugin does lack behind in terms of browser updates therefore IE or Edge is often the browser you need to use.

Response from FORDATA

Thank you for your comment and the recommendation! We are glad you find our VDR easy to use and are greatful for your suggestions. Chrome update could cause problems with how our plugin performed, but this issue is already solved.

Replied May 2019

Konrad

Company size: 51-200 employees

Industry: Real Estate

Time used: Less than 2 years

Review Source: Capterra

3

Ease-of-use

out of 5
3

Value for money

out of 5
5

Customer support

out of 5
2

Functionality

out of 5

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

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!

Replied February 2019

Anonymous

Company size: 11-50 employees

Time used: More than 2 years

Review Source: Capterra

5

Ease-of-use

out of 5
5

Value for money

out of 5
5

Customer support

out of 5
5

Functionality

out of 5

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

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!

Replied February 2019

Tomasz

Company size: 10,000+ employees

Industry: Investment Banking

Time used: More than 2 years

Review Source: Capterra

4

Ease-of-use

out of 5
4

Functionality

out of 5

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

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.

Replied September 2020

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