FirmRoom Review
What is FirmRoom?
FirmRoom is an enterprise-grade virtual data room solution that caters specifically to mergers and acquisitions (M&As) and all its complex requirements and specifications. Branded as the best virtual data room for M&As, FirmRoom is the choice of top companies and organizations in multiple industries and sectors such as banking and finance, legal, corporate development, and life sciences to name a few. Notable FirmRoom users include Pfizer, Baird, and J.P.Morgan.
It is designed to be intuitive, built with ease of use in mind. Users can set their data rooms in a matter of minutes and navigate effortlessly, thanks to its user-friendly platform. FirmRoom is very secure, enabling users to utilize customizable document permissions like partial watermark functionality and view-only access to name a few. Apart from M&As, FirmRoom is the perfect virtual data room platform fundraising, corporate realignment and reorganization, and other actions that are deemed sensitive and critical.
Show MoreOverview of FirmRoom Benefits
Convenience
FirmRoom is a simple virtual data platform. Setup is fast and easy and you are good to go in just a few minutes. Your data room is optimized for any device, enabling you to access it using your desktop or mobile phone and lets you perform your tasks, check on your information, and attach documents anytime and from anywhere.
Tight Data Security
FirmRoom’s virtual data room solutions strictly adhere to security standards and go beyond that to secure your documents and all information contained within. You have full control as to who can view your documents, specify the information your viewers can access, and leverage multi-factor authentication to effectively prevent password theft.
Fast Data Processing
With FirmRoom virtual data rooms, transforming, retrieving, and classifying documents and folders are all a breeze. Useful features such as drag and drop support, bulk upload, smart search, and integrated Document and Excel view make all document-related processes easy and hassle-free.
Seamless Administrative Management
Boasting a user-friendly interface that is equipped with easy-to-use features, managing your data rooms, users, and documents are quick and ease. You can monitor buyer activities, review deal specifics, and access robust data analytics. Every information you need, you can easily get your hands on, allowing you to make quick, data-driven decisions that will ensure the success of your deals and arrangements.
Show MoreOverview of FirmRoom Features
- Drag and drop support
- Bulk file upload
- Secure built-in document viewer
- Individual document page bookmarking
- Customizable notifications
- Individual and Bulk invitation
- Protected document archiving and deletion
- Group permission settings
- Folders structure template importing
- Document indexes exporting
- A detailed permit system
- Access only to view mode
- Dynamic and static watermarking
- Easy permissions system with 4-levels of access
- Bulk download restriction
- Upload / Grant access dates managing
- User activity tracker
- Detailed audit trail
- Excel export compatibility
- Customizable data room activity summary
- Document activity reports sent by email
- Graphic data representation
- PDF export compatibility
- Excel export compatibility
- 256 bit SSL encryption
- Two-level authorization
- Encrypted and protected data (in transit and at rest)
- Strategically separated and geographically remote data centers
- Individually customizable document permissions
- Groups view visibility management
- IP address verification notifications
- 24 hour support, 365 days a year
- Email support
- Phone support
- Live chat support
What Problems Will FirmRoom Solve?
Prevents counting pages and predicting data
Samuel, a new analysis at a middle market investment bank, was tasked with getting quotes from three virtual data rooms. This was Samuel’s first time in this situation, so he asked a co-worker, Jake, how to estimate the pages and data in order to estimate the price. Jake frankly told him that he has to guess as best as he can based on the transaction size. He also shared that sometimes there are overage fees so to be cautious of that. There was one virtual data room, FirmRoom, that happened to have flat-rate pricing, which would mean no guessing, and an accurate, non-changing, number to send to the client.
Time-saving
It’s 6 PM on a Friday evening, and Nathan, a third-year analysis just got assigned to completing numerous tasks in the new virtual data room, FirmRoom. He had plans to go out that night but thought he might as well cancel since he had hundreds of documents to upload. He logged into the room and there was a quick two-minute video that easily explained how he can drag-and-drop upload into the room, and drag-and-drop to rearrange the index. What would normally have taken him hours to upload in traditional virtual data rooms, took him only minutes with FirmRoom, allowing Nathan to leave the office at a reasonable time.
Analytics and Reporting
Rebecca, a first-year associate, was asked to present reports regarding one of her deals to the director on the deal. Rebecca, who was already extremely busy with another pitch she was on, was anxious about having time to prepare the reports. She contacted FirmRoom’s customer success manager, Julia, to see if she could help her prepare something quickly, but accurately. Julia explained that the analytics tab gives numerous detailed charts and reports regarding granular activity in the data room and that it can all be exported with the click of a button. Rebecca had the easy-to-read reports ready to present to the director within minutes.
Awards & Quality Certificates
FirmRoom Position In Our Categories
Since companies have their own business-related wants, it is only rational they avoid settling on a one-size-fits-all, “perfect” software solution. Still, it would be hard to pinpoint such application even among branded software products. The sensible step to undertake can be to write down the several main functions that entail investigation such as major features, price terms, skill ability of staff, business size, etc. After which, you should double down on the product research thoroughly. Browse through some of these FirmRoom evaluations and scrutinize each of the solutions in your list more closely. Such comprehensive product research guarantee you avoid ill-fitting apps and pay for the system that includes all the function your business requires to be successful.
Position of FirmRoom in our main categories:
TOP
50
FirmRoom is one of the top 50 Virtual Data Room Software products
If you are considering FirmRoom it may also be a good idea to examine other subcategories of Virtual Data Room Software gathered in our base of SaaS software reviews.
Each company has different needs and needs a system that can be personalized for their size, kind of workers and customers, and the particular industry they are in. For these reasons, no software can provide perfect functionality out-of-the-box. When you search a software app, first be sure what you need it for. Read some FirmRoom Virtual Data Room Software reviews and ask yourself do you need basic tools or do you want sophisticated tools? Are there any industry-specific features that you are searching for? Find the answers to these questions to aid your search. There are multiple aspects that you need to reflect on and these include your budget, particular business wants, your company size, integration needs etc. Take your time, check out a few free trials, and finally zero in on the system that presents all that you require to boost your company effectiveness and productivity.
How Much Does FirmRoom Cost?
FirmRoom Pricing Plans:
Free Trial
Standard Plan
$500/month
Enterprise Plan
Contact Vendor
What are FirmRoom pricing details?
FirmRoom Pricing Plans:
Free Trial
Standard Plan
$500/month
Enterprise Plan
Contact Vendor
FirmRoom offers the following business and enterprise pricing packages:
Standard Plan – $500/month
- Unlimited Data
- Unlimited Users
- Full Feature Data Room
- Online help center
- Setup and Data Migration Help
Enterprise Plan – Custom Enterprise Pricing
- All Standard Plan Features
- Unlimited Number of Rooms
- White Labeling
- Dedicated Success Manager
- Tailored Training with Experts
User Satisfaction
Positive Social Media Mentions
2
Negative Social Media Mentions
0
We know that when you decide to buy a Virtual Data Room Software it’s important not only to find out how professionals score it in their reviews, but also to check if the real users and companies that bought this software are actually satisfied with the service. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and FirmRoom reviews across a vast array of social media sites. The data is then displayed in a simple to understand format indicating how many clients had positive and negative experience with FirmRoom. With that information at hand you should be ready to make an informed business choice that you won’t regret.
Video
Technical details
Devices Supported
- Windows
- Android
- iPhone/iPad
- Mac
- Web-based
Deployment
- Cloud Hosted
Language Support
- English
Pricing Model
- Monthly payment
- Quote-based
Customer Types
- Small Business
- Large Enterprises
- Medium Business
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for FirmRoom?
FirmRoom integrates with the following business systems and applications:
- Salesforce
- Slack
- Office 365
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