Firmex Data Room


imgHeadquarters

Canada

imgYear establish

2006

imgWebsite

firmex.com


Best For
Small and Medium businesses
Price Category
Mid-Range Price Software
Free Trial
No
Free Demo
Yes
Deployment
SaaS
Web
Cloud
Linux
Android
Windows
iOS
Training
Live Training
Webinars
Live Online
Documentation
In-person
Support
24/7/365
Local Centers
Live Chart
Email&Phone
Personal Manager


Firmex Provider Review

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The offer Firmex has seems perfect for any business of any size and industry. But what’s waiting for us in reality? We managed to dig deep enough to find the flaws of this provider. They might seem insignificant for some people. Although it’s still something you should know considering this virtual data room as a solution for your needs.

First of all, you should know that Firmex focuses on due diligence and mergers and acquisitions. Therefore, if you need the virtual data room for other purposes, you might want to skip this one. Even though the software is flexible enough to fit different needs, you should contact the support service before paying for the service if you feel like this service might not be suitable for your business activity.

However, the ability of the Firmex data room to adjust is impressive. This vendor offers a tailored service that can fulfill unique needs. Here everything is customizable. You can wrap your virtual data room in your corporate colors, make everything look perfectly consistent and seamless. Also, you can create custom workflows, and that’s incredibly handy.

Firmex offers a cloud-based service, which makes it effortless to access the virtual data room from any device and any place. But if you’re an Android user, you will be disappointed because this provider, for some reason, didn’t develop an Android app. On the other hand, iOS devices have an app. Although, it’s not much of an issue since you can access the data room via a browser. Of course, an app would’ve made it easier, but we have what we have.

Another rather unique feature Firmex has is the version control tool. With its help, users can create and control different versions of files editing it. This function allows keeping all the versions so that users can access them later without overloading a virtual repository with files. Because of the fewer documents, there are, the more control you have.

Also, you can set statuses for folders and separate documents to show other users what’s going on with this data. Knowing on which stage of work the file is, participants of the process can plan their work. Additionally, it prevents misunderstandings and situations when users review documents that still undergo editing. Of course, in this case, the sandbox feature would’ve been much more useful. But the ability to set statuses is also nice.

As well as other providers, Firmex allows the bulk upload of files. But here we have another drawback – no automatic indexing. That’s the feature we consider to be rather standard. Although Firmex misses it for some reason. Sure, you can index documents manually, but users should have technologies doing that instead of them.

On the bright side, with Firmex, you can hold several projects simultaneously in the same virtual data room. It’s easy to switch between them and keep everything under control. The interface is easy to use, so you shouldn’t get confused, even handling multiple deals at the same time.


Firmex Data Room Features

INDUSTRY LICENSE
Accounting
Banking
Bankruptcy
Biotech
Board Portals
Clinical Studies
Debt Financing
Distressed Real Estate
Document Repository
Due Diligence
Energy, Oil & Gas
Fundraising
Hedge Funds
IPO & Exits
Life Sciences & Pharmaceutics
Legal / Litigation
M&A Buy Side
M&A Sell Side
Post Merger
Private Equity
Procurement Management
Restructuring
SECURITY COMPLIANCE
AICPA SOC 1 Certified
AICPA SOC 2 Certified
GDPR Certified
HIPAA Certified
ISO/IEC 27001:2013
Privacy Shield
SSAE 16 Certified
DATA PROTECTION FEATURES
256-Bit SSL/TLS Encryption
Access Expiration
Access Limitation by IP
Custom Access Agreements
Customer-Managed Encryption Keys
Data Backup
Digital Watermarking
Granular Document Permissions
Integrations Through APIs
Multiple Datacenter Locations
Permission User Groups
Prevention of Download and Copy
Secure Fence View
Single Sign-On Integration
Two-Factor Authentications
View-Only Access
Virus Scanning
EASE OF USE
Archives Upload & Extraction
Desktop Synchronization
Document Version Control
Drag & Drop Upload
Files & Folders Indexing
Mobile Device Management
Multilingual Documents Index
No Plugins
Optical Character Recognition
Scroll-Through Document Viewer
Web-Based Spreadsheets Viewer
ACTIVITY TRACKING
Document Viewing Time
Exporting Reports to Excel
Real-Time Audit Trail
Tracking of All User Activity
User Reports
QUESTIONS & ANSWERS
Advanced Q&A Module
Basic Q&A Module
Email Notifications
Files & Folders Notes
Secure User Messaging
CUSTOMIZATION
Branded User Interface
Custom Domain
Custom Login Page
Custom User Invitation Letter
Custom Workflows and Features
FREE TRIAL & PRICING
Free Demo
Free Trial
Price
Several Tariff plans pricing
Individual approach pricing
COMPANY INFO
Established2006
HeadquartersCanada
Websitefirmex.com