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FirmRoom

Score10 out of 10

2 Reviews and Ratings

What is FirmRoom?

FirmRoom is a cloud-based virtual data room. The solution helps organizations to manage due diligence, and other information-dense processes, through secure document management and file sharing. Features such as drag and drop, bulk upload, & smart search enable seamless collaboration. Additional key features include data tracking, data analytics, audit trails, customized notifications, individual and bulk invitations, bulk file upload, and a user activity tracker. The vendor states FirmRoom meets industry security standards but go above & beyond to protect documents.

Media

Screenshot of Home page
Screenshot of Management Functions
Screenshot of Documents Tab
Screenshot of Data Security
Screenshot of Data processing
Screenshot of Analytics
Screenshot of Background

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Screenshot of Home page

Easy to Use and Secure

Use Cases and Deployment Scope

Easy to use, set permissions, and add other users. Drag-and-drop upload convenient and simple folder structure layout. Utilize the built-in Excel viewer a lot. More value for the price compared to per-page data rooms. And our clients are happier too. Like how I can sign up online. We use for secure file storage and sharing.

Pros

  • Securely Store Documents
  • Customizable Permissions
  • Organize Files

Cons

  • Document Comments
  • Task Management

Most Important Features

  • Permissions
  • Price
  • Security Standards
  • Easy of Use

Return on Investment

  • Much less expensive than per page data rooms
  • Can view documents quicker with the in-platform viewer
  • Almost no training required which saves me time when inviting new users

Alternatives Considered

Datasite, Intralinks, Ansarada and Firmex Virtual Data Room

Other Software Used

HubSpot CRM, Adobe Acrobat

Firmroom--good value for a good price

Use Cases and Deployment Scope

I recently used FirmRoom on an M&A deal I was working on. I found it very easy to use with an intuitive interface and simple functionality. It has a great price point and allowed me to work with the client to get a data room up and running very quickly.

Pros

  • Simple and intuitive user interface.
  • Extremely easy to upload and manage documents.
  • Easy to view and download documents.

Cons

  • There is some latency in loading larger documents. So sometimes it wasn't quite as quick as I would have liked.

Most Important Features

  • Work with clients.
  • Ease of use and intuitive interface.

Return on Investment

  • None.