FirmRoom Data Room


-3% above average
4.05/5.0

Software Details

image
Free Trial
logo30 Days

Free Demo
logo No

Deployment
logo
SaaS
logo
Web
logo
Cloud
logo
Linux
logo
Android
logo
Windows
logo
iOS

Support
logo
24/7/365
logo
Local Centers
logo
Live Chat
logo
Email&Phone
logo
Online Help Center
logo
Personal Manager

Training
logo
Live Training
logo
Webinars
logo
Live Online
logo
Documentation
logo
In-person

Interface

image
image

VDR interface has not been provided by the vendor

FirmRoom is a Chicago-based virtual data room provider, established in 2012. It was launched along with DealRoom, its sister company.

Despite the fact that it just has one office in Chicago, the organization nonetheless has a significant domestic footprint as well as a foreign presence. Their service is available outside of the United States in other eight countries, including: 

  1. Australia
  2. Canada 
  3. India 
  4. the United Kingdom
  5. the Philippines 
  6. Brazil
  7. New Zealand 
  8. Mexico

FirmRoom software can be used across many industries while offering the most benefit and value to companies working in investment banking, real estate, and legal sectors.

This simple cloud-based service provides a dependable, user-friendly platform for businesses of all sizes and sorts. Investment banks, law firms, pharmaceutical corporations, and other businesses use the FirmRoom VDR.

FirmRoom features

FirmRoom is a straightforward but powerful VDR. This SaaS platform, powered by young and motivated staff, provides all the necessary capabilities for efficient work with massive amounts of documents. High-end user settings and features such as bulk upload/download, drag-and-drop, and quick document sharing are included in Firmroom VDR software

Not to add that they adhere to ISO 27001 requirements. This data room solution is certified by SOC-2 and ISO 27001, as well as HIPAA, FINRA, and the SEC, and assures that your confidential corporate data is protected by military-grade data encryption.

FirmRoom delivers an easy and intuitive virtual data room, limitless storage, and all the necessary functionalities like bulk uploads and downloads, data analytics, immediate sharing with many users, and safe file viewing and editing, all in a single web-based format. 

By simplifying the interface and maximizing feature arrangement, FirmRoom’s due diligence data room improves the user experience. The user interface is simple to navigate, and the virtual data rooms’ overall design is minimalist and modern. There are no plug-ins or extensions required, and the software shows the instruments in a very logical and easy manner.

FirmRoom for M&A

Firmroom is well-known for its sophisticated M&A virtual data room solutions, but it also offers services to small, medium, and big firms in a variety of industries. 

FinancesOnline awarded the company the “Rising Star” award in 2017. FirmRoom’s minimal, but effective set of features makes it an appealing pricing option for businesses.

FirmRoom is an excellent tool for managing the entire M&A process, from planning to due diligence through closing. It can also be a cost-effective solution for data-intensive operations that occur on a regular basis, such as corporate audits or onboarding and training new users. 

In comparison to other providers in the same price range, some consumers complain about FirmRoom’s lack of certain functionality.

On the bright side, the FirmRoom virtual data room offers 24/7 customer support, which you can contact via phone, email, or a live chat. You can also reach out to the FirmRoom representative 24/7 and request a free trial of how to use the platform.

Global Rating

image
g2-logo
i

G2 is a peer-to-peer review site that was launched with a focus on aggregating user reviews for business software.

Average:
4.60/5.0
capterra-logo
i

Capterra is a global platform that provides research and user reviews on software applications for businesses.

Average:
4.55/5.0
software-advice-logo
i

Software Advice is a company that provides advisory services, research, and user reviews on software applications for businesses.

Average:
4.59/5.0
getapp-logo
i

GetApp is software review platform that provides independent evaluations based on user ratings and social data of SaaS and Cloud Apps.

Average:
4.60/5.0

Pricing

image
Standard
Use for: Small businesses.

1 data room

Unlimited users

Up to 10 GB of storage



Billed monthly $650 USD / month; Billed annually $500 USD / month

Free Trial Available
Pro
Use for: Small and medium businesses.

1 data room

Unlimited users

Up to 50 GB of storage



Billed monthly $1000 USD / month; Billed annually $800 USD / month

Free Trial Available
Enterprise
Use for: Enterprises.

Unlimited rooms

Unlimited Users

25GB+ data storage



Billed monthly $3000 USD / month; Billed annually $3600 USD / month

Free Trial Not Available
The FirmRoom data room offers a flexible free trial period available to new customers, which is available upon request. It’s a 30-day trial, where you can try out two different plans. FirmRoom pricing is transparent, so you always know what you’re paying for and what to expect. FirmRoom data room pricing is structured according to 3 flat-fee models including Standard, Pro, Enterprise. Standard. The Standard package includes 1 data room, unlimited administrative licenses and users, up to 10 GB of data storage and costs $500 a month, billed annually, or $650 a month if billed monthly. Pro. This package includes 1 data room, 50GB data storage, unlimited data rooms, users, and administrative licenses and costs $800/mo when billed annually or $1000/mo when monthly. Enterprise. It’s a custom option that can be tailored to your needs, which also comes with monthly or annual billing options: it’s approximately $3000/mo when billed annually or $3600/mo when monthly, however, it’s worth contacting the company’s representative to get a personalized quote. For this price, you’ll get 25+GB data storage, unlimited data rooms, administrative licenses and users.

Features

image
SECURITY & HOSTING
Two-Factor Authentications
Access Expiration
Access Limitation by IP
ISO/IEC 27001:2013 Certified
SOC 1 Certified
GDPR Compliant Certified
HIPAA Compliant Certified
99.9% Uptime Guarantee
SSAE 16 Certified
Data Backup
Virus Scanning
Multiple Datacenter Locations
ACCESSIBILITY & EASE OF USE
No Plugins
Scroll-Through Document Viewer
Web-Based Spreadsheets Viewer
Mobile Device Interface
Search Filter by Name
Search Filter by Content
Optical Character Recognition
Filtering by Parameters
Automatic Numerical Indexing
Drag & Drop Upload
Desktop Synchronization
Archives Upload & Extraction
Document Version Control
Multilingual Documents Index
FILE PROTECTION & USER MANAGEMENT
Granular Document Permissions
View-Only Access
Prevention of Download and Copy
Remote Shredding of Documents
Customizable Document Watermarks
Secure Fence View
Document Access Expiry
256-Bit SSL/TLS Encryption
Data at Rest Encryption
Granular User Permissions
Permission Groups
Mobile Device Management
ACTIVITY TRACKING & REPORTING
Tracking of All User Activity
Real-Time Audit Trail
Graphic Reports
Exporting Reports to Excel
Tracking of Document Viewing Time
Scheduled Reports
COLLABORATION FEATURES
Basic Q&A Module
Advanced Q&A Module
Secure User Messaging
New Document Email Notifications
Files & Folders Notes
CUSTOMIZATION
Branded User Interface
Custom Domain
Custom Login Page
Custom User Invitation Letter
Custom Access Agreements
Active Directory Integration
Single Sign-On Integration
Managed Encryption Keys
Integrations Through APIs
Custom Workflows and Features
Visit Website