All FORDATA VDR Reviews

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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

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

Rafal

Law Practice, 11-50 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 2023

My review

Very good, very responsive and polite team.

PROS

Easy access to folders and possibility to dawnload documents

CONS

Loggin in, if I use a few VDRs the saved passwords mix.

Vendor Response

Thank you for taking your time writing this comment! It's nice to hear so many good words. Security is the most important thing for us, so we recommend that you always use different passwords. We will gladly hear any suggestions you might have concerning functionalities.

Replied February 2023

Anonymous

11-50 employees

Used daily for less than 2 years

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

4

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

3

Reviewed 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.

Vendor Response

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

Jacek

Information Technology and Services, 51-200 employees

Used daily for less than 6 months

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed March 2023

Easy to use and security of data on the highest level

PROS

Very easy to use, good level of data security due to the different level of permissions

CONS

Sometimes, it was confusing that you have to switch to the downloading window - it would be a much better user experience if downloading files would be possible in the viewing window.

Vendor Response

Thank you for providing positive feedback :) Now you can securely load and view documents in the Fordata VDR system without the need to install any additional components. Everything takes place within the VDR system.

Replied June 2023

Anonymous

11-50 employees

Used more than 2 years

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

4

VALUE FOR MONEY

3

CUSTOMER SUPPORT

5

FUNCTIONALITY

3

Reviewed February 2020

Reliable but sometimes annoying

I share documents for legal DD and open shared documents for legal DD.

PROS

It's relatively easy to use. Sometimes it opens the documents quite fast.

CONS

I don't like the uploader. It is outdated. The website tends to crash.

Reason for choosing FORDATA VDR

It's easy to get.

Vendor Response

Thank you for the positive review and suggestions! We are happy you found our VDR easy to use. Your opinion is of great value to us, we will keep it in mind while developing the software.

Replied February 2020

Łukasz

Verified reviewer

Real Estate, 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

4

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed April 2019

Used for dd for 2 years

Overall very good.

PROS

The customer support is excellent. The interface is quite easy to use.

CONS

Necessity to log into an additional panel for uploading files. Too expensive.

Vendor Response

Wow, great 5-star review! Thank you for taking your time writing this comment!

Replied April 2019

User Profile

Maciej

Verified reviewer

Renewables & Environment, 11-50 employees

Used weekly for less than 12 months

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

4

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed February 2019

good solutions with potential

PROS

The software is pretty straight forward with a lot of useful functions and add-ons. The customer support was excellent

CONS

We have faced some software mismatch issues (chrome, internet explorer or other browser compatibility). I was using it a while ago and I'm sure they have fixed this issue.

Vendor Response

Thank you for the positive review! Every day we improve our system and there are no such compatibility problems.

Replied February 2023

Stefan

Information Technology and Services, 11-50 employees

Used weekly for less than 6 months

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed August 2023

Fine review

PROS

I appreciate the quick response of the FORDATA VDR team, their assistance in resolving technological or organizational challenges, their patience, and understanding of my needs.

CONS

I had some difficulties with file management and the file upload plugin.

Vendor Response

Thank you for the high rating :) #FORDATAteam is for you! In the latest version of Fordata VDR 6.0, you can securely upload files using your web browser. We no longer require adding file extensions.

Replied August 2023

Damian

Airlines/Aviation, 501-1,000 employees

Used weekly for less than 6 months

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

3

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed July 2023

Overall expierience

PROS

The supplier provided professional and quick technical support and an expert approach to data security

CONS

Price per additional page rate, deleting an accidentally uploaded file did not reset the page counter

Vendor Response

Thanks for this review! We're delighted to hear that you are satisfied with our services. If you have any questions or need assistance, feel free to reach out - our customer support team is at your disposal! Best regards!

Replied July 2023

Tomasz

Investment Banking, 10,000+ employees

Used more than 2 years

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

4

FUNCTIONALITY

4

Reviewed 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.

Vendor Response

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

Daniel

Financial Services, 10,000+ 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

4

Reviewed February 2020

Thoughts on FORDATA VDR from the perspective of a tax professional

As a M&A tax professional I use 5+ VDR tools from various providers. Fordata VDR is one of my favorites and - in my view - offers best value for money. I appreciate its speed and reliability.

PROS

Ease of use; has all of the features expected from similar products; can set-up delegates easily; ability to customize updates and notifications; reliability

CONS

Still small feature gap to biggest VDR providers.

Vendor Response

Thank you for such a great review! We are happy to hear you found our solution reliable and helpful. We will gladly hear any suggestions you might have concerning functionalities.

Replied February 2020

Anonymous

11-50 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 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

Vendor Response

Thank you for your feedback. We would like to add that the latest update will allow you to use our Virtual Data Room via your browser without the need to install an additional plug-in.

Replied February 2023

Anonymous

11-50 employees

Used daily for less than 2 years

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed February 2019

due diligence

PROS

Structure clarity. Settings options. Client services.

CONS

I like the least old fashioned interface and design.

Vendor Response

Thank you for this wonderful review. We are glad you liked the design simplicity and our customer support.

Replied February 2021

Marcin

Financial Services, 1 employee

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 2021

Reliable provider

VDR in sell-side or dd in buy-side mandates

PROS

Accessible and easy to use in multi-national environment

CONS

Adding new members to existing teams could be easier and quicker. You may add a short cut to facilitate it.

Vendor Response

Thank you for the positive review! We are glad you find the FORDATA system easy to use.

Replied February 2021

Anonymous

10,000+ employees

Used less than 12 months

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

5

EASE OF USE

4

FUNCTIONALITY

5

Reviewed March 2021

Vital for critical data share

Overall experience has been good and while I perform reviews, I have found the user interface interesting.

PROS

Facilitates secure and easy means of obtaining and procuring data between the private side and public side. The ability of access reviews to the data room etc is helpful.

CONS

The ability to run reports and MI could be enhanced. I need to learn how to create sib folders within a data room.

Vendor Response

Thank you so much! We hope your project run successfully. Your suggestions have been sent to our Customer Support. If you need assistance regarding document structure, please contact your VDR administrator, who will gladly help you!

Replied April 2021

Anonymous

11-50 employees

Used daily for less than 6 months

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed May 2019

Good for due diligence and other M&A related data sharing services

Good for due diligence and other M&A related data sharing services

PROS

Worked fast and had a good price to quality ratio

CONS

It was not easy to invite other users to the VDR. The interface was not always convenient and intuitive

Vendor Response

Thank you! It's great to hear you had a positive experience using our services in M&A and DD! We continuously strive to make our tool as convenient as possible and our support is always ready to guide you online through our interface. Recently, we also introduced the Knowledge Base module to the interface, which will help use different functions of the VDR.

Replied May 2019

Daniel

Legal Services, 11-50 employees

Used daily for less than 6 months

Review Source: Capterra

OVERALL RATING: