All FORDATA VDR Reviews
1-25 of 39 Reviews
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Paweł
Verified reviewer
Banking, 10,000+ employees
Used more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed February 2019
Reliable + value for money
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.
CONSSeveral 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
OVERALL RATING:
5
EASE OF USE
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed February 2023
View from user - dd team member
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.
CONSNothing 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
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
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.
PROSEasy access to folders and possibility to dawnload documents
CONSLoggin 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
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.
PROSEasy to use and pretty straightforward Daily updates about new files
CONSFordata 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
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
Very easy to use, good level of data security due to the different level of permissions
CONSSometimes, 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
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.
PROSIt's relatively easy to use. Sometimes it opens the documents quite fast.
CONSI 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
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.
PROSThe customer support is excellent. The interface is quite easy to use.
CONSNecessity 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
Maciej
Verified reviewer
Renewables & Environment, 11-50 employees
Used weekly for less than 12 months
OVERALL RATING:
5
EASE OF USE
4
VALUE FOR MONEY
4
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed February 2019
good solutions with potential
The software is pretty straight forward with a lot of useful functions and add-ons. The customer support was excellent
CONSWe 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
OVERALL RATING:
5
EASE OF USE
4
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed August 2023
Fine review
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.
CONSI 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
OVERALL RATING:
5
EASE OF USE
3
VALUE FOR MONEY
4
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed July 2023
Overall expierience
The supplier provided professional and quick technical support and an expert approach to data security
CONSPrice 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
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.
PROSFordata 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.
CONSOn 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
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.
PROSEase of use; has all of the features expected from similar products; can set-up delegates easily; ability to customize updates and notifications; reliability
CONSStill 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
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.
PROSUser friendly and quick. In situations of system slowdowns after noticing to the IT support - immediate response and improvement. Great control of the VDR.
CONSIt 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
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed February 2019
due diligence
Structure clarity. Settings options. Client services.
CONSI 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
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
PROSAccessible and easy to use in multi-national environment
CONSAdding 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
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.
PROSFacilitates 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.
CONSThe 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
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
PROSWorked fast and had a good price to quality ratio
CONSIt 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
OVERALL RATING: