Over the last few years, virtual data rooms have completely replaced previously used physical platforms. This trend is especially noticeable when it comes to financial due diligence. The very introduction of this solution has played a great role in the transparency and effectiveness of the diligence process. Uploading financial documents to the online data room for due diligence, partners can access the necessary details at any moment, in any time zone and location. Currently, the majority of virtual data room providers offer 24/7/365 access to uploaded documents, guaranteeing their safety and accuracy.
This virtual data room is characterized by an easy document uploading process. A high level of materials protection with a 2-step verification process, data encryption, and dynamic watermarks are beneficial as well. Complex and sophisticated document security measures contribute to the worldwide appreciation of the platform. Thus, Firmex is used by the representatives of the most different industries. It has clients from the energy sector, investment banking, funds, pharmaceutical companies, mining firms, and up to the legal sphere. The platform features a multilingual interface that simplifies the cross-national cooperation and data exchange with investors, potential partners, and employees from other countries.
Firmex is also a reliable data room for M&A, which provides a range of tools for document management and transaction tracking. An opportunity to restrict access and classify users into permission groups gives a chance to lead several projects within a single VDR. A handy consultation function provides a vivid picture of the client’s demands. At the same time, it gives an in-depth insight into the available services and features to match the project you want to start.
Firmex Data Room Review
Firmex is one of the providers that offer secure collaboration with international partners. The world-class platform is convenient for use and available at a competitive cost — no hidden fees or extra charges; only transparent payments for quality services.
Considering the advantages and drawbacks of Firmex data room, it is inevitable to mention the absence of the online support center as the most significant disadvantage. However, the beneficial deal room software and useful features contribute to its popularity:
- Easy document management;
- Opportunity to preview materials within the data room;
- 2-factor authentication;
- Guaranteed data room for due diligence security;
- Ability to limit or restrict access to specific materials;
- User-friendly interface;
- Transparent pricing.