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FORDATA Review

FORDATA
Our score: 8.0 User satisfaction: 100%

What is FORDATA?

FORDATA is a virtual data room solutions provider in Central and Eastern Europe. It offers you peace of mind through its document management and in-built communication tools that are beneficial in dealing with complicated and sensitive deals.

With FORDATA, you can work on large M&A transactions, capital-raising ventures, IPOs, restructurings, clinical trials, life science, and securitization projects. As such, you can maximize the use of the solution and gain more ROI on it.

Though FORDATA has been a big player in the VDR niche because of its powerful and robust features, it has not stopped being innovative. In fact, there is a new version of the solution with enhanced intuitiveness and configuration capabilities combined with the latest professional trends. Additionally, launching it is faster so you can conduct transactions immediately.

Overview of FORDATA Benefits

Support for Complex Transactions

As an enterprise, you may need a solution that can help you with the workings of a huge and complicated transaction. FORDATA can support considerable M&A dealings, restructuring projects, securitization enterprises, and similar businesses.

Enhanced Application

The people behind FORDATA has recently enhanced the system to make it more intuitive. They added self-configuration capabilities to it and made it more visually appealing to work with. What’s more, FORDATA is backed up by improved IT infrastructures that provide additional speed and performance. As a result, upload time takes as little as seven minutes per gigabyte. There are also new process improvements, which paved the way for a faster loading time so you are ready for any transaction instantaneously.

High-Level Security

FORDATA takes security seriously. It protects your files using bank-grade measures. Apart from that, it helps secure your documents with its watermarking feature and access rights management tools. The latter includes denial of file saving and printing rights as well as modification permissions. Moreover, at the end of each project, the solution helps you generate an encrypted DVD where you can securely store Data Room contents.

Overview of FORDATA Features

  • 24/7 Availability
  • Document Management
  • File Protection
  • Modification & Copying Protection of Excels
  • User Rights Management
  • Bulk Operations
  • Activity Reports
  • Communication Module
  • Search Options

What Problems Will FORDATA Solve?

Support for Complex & Confidential Deals

Virtual Data Rooms are usually employed in complex and confidential deals that involve independent financial and legal advisers. It is a tool for Due Diligence for transactions like mergers and acquisitions. FORDATA has advanced security and functions dedicated to such dealings. As a result, organizations can oversee Due Diligence Electronically, which enhances the safety and comfort of all parties involved.

Non-transactional Use Cases

VDRs can also be utilized in non-transactional projects. FORDATA helps companies implement those by providing a safe platform for the sharing of confidential documents. This is especially beneficial when it comes to disseminating information to parties outside the organization.

Awards & Quality Certificates

An award given to products that have recently entered the market but are already becoming very popular
This certificate is granted to products that offer especially good user experience. We evaluate how easy it is to start using the product and how well-designed its interface and features are to facilitate the work process.

FORDATA Position In Our Categories

Since businesses have special business-related wants, it is only wise that they steer clear of buying a one-size-fits-all, ideal software. However, it is nearly futile to chance on such a software product even among recognizable software products.
The right thing to undertake should be to write the numerous key factors that entail research including essential features, budget, skill capability of the users, organizational size, etc. Then, you should do the research comprehensively. Have a look at some FORDATA evaluations and look over each of the solutions in your shortlist more closely. Such detailed research can make sure you steer clear of mismatched software products and select the system which offers all the tools your company requires to realize efficiency.

Position of FORDATA in our main categories:

TOP 50

FORDATA is one of the top 50 Virtual Data Room Software products

If you are interested in FORDATA it might also be a good idea to examine other subcategories of Virtual Data Room Software listed in our base of B2B software reviews.

Organizations have different needs and requirements and no software application can be just right in such a situation. It is useless to try to find a perfect off-the-shelf software system that fulfills all your business needs. The smart thing to do would be to modify the application for your unique wants, worker skill levels, budget, and other aspects. For these reasons, do not rush and invest in well-publicized leading systems. Though these may be widely used, they may not be the best fit for your unique wants. Do your research, look into each short-listed platform in detail, read a few FORDATA Virtual Data Room Software reviews, contact the seller for clarifications, and finally settle for the product that offers what you want.

How Much Does FORDATA Cost?

FORDATA Pricing Plans:

Free Trial

VDR Lite

€235/month

VDR Basic

Contact vendor

VDR Pro

Contact vendor

FORDATA has three offerings for enterprise pricing, which you can try free for 14 days. The details for these packages are as follows.

VDR Lite – €235/month

  • 1 Project
  • 1GB Data
  • 25 Users
  • 1-hour Online Training
  • Self-service
  • 24/7 Technical Support

VDR Basic – request pricing information

  • 1 Transaction
  • Flexible Data Size
  • Unlimited Users
  • 24/7 Technical Support
  • Dedicated Project Manager
  • Assisted Documents Upload & VDR Management
  • Data Room Archive

VDR Pro – request pricing information

  • Multiple Projects or Transactions
  • Flexible Data Size
  • Unlimited Users
  • Dedicated Project Manager
  • 24/7 Technical Support
  • Assisted Documents Upload & VDR Management
  • Data Room Archive

User Satisfaction

Positive Social Media Mentions 16
Negative Social Media Mentions 0

We realize that when you make a decision to buy Virtual Data Room Software it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and FORDATA reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with FORDATA. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

Video

Technical details

Devices Supported

  • Windows
  • Linux
  • Android
  • iPhone/iPad
  • Mac
  • Web-based
  • Windows Mobile

Deployment

  • Cloud Hosted

Language Support

  • English
  • Polish

Pricing Model

  • Monthly payment
  • Quote-based

Customer Types

  • Small Business
  • Large Enterprises
  • Medium Business

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

Popular FORDATA Alternatives

Top Competitors To FORDATA By Price

Trending Virtual Data Room Software Reviews

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FORDATA Comparisons

FORDATA user reviews

Trustworthy business partner

Read full review >
Anonymous Reviewer
5/5

Overall Impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 12.02.2018 Company Size: 1-10 Employees Industry: Financial Services

Easy-to-use and user friendly

Read full review >
Anonymous Reviewer
4/5

Overall Impression

5/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 12.02.2018 Company Size: More than 100 Employees Industry: Commercial Real Estate

What are FORDATA pricing details?

FORDATA Pricing Plans:

Free Trial

VDR Lite

€235/month

VDR Basic

Contact vendor

VDR Pro

Contact vendor

FORDATA has three offerings for enterprise pricing, which you can try free for 14 days. The details for these packages are as follows.

VDR Lite – €235/month

  • 1 Project
  • 1GB Data
  • 25 Users
  • 1-hour Online Training
  • Self-service
  • 24/7 Technical Support

VDR Basic – request pricing information

  • 1 Transaction
  • Flexible Data Size
  • Unlimited Users
  • 24/7 Technical Support
  • Dedicated Project Manager
  • Assisted Documents Upload & VDR Management
  • Data Room Archive

VDR Pro – request pricing information

  • Multiple Projects or Transactions
  • Flexible Data Size
  • Unlimited Users
  • Dedicated Project Manager
  • 24/7 Technical Support
  • Assisted Documents Upload & VDR Management
  • Data Room Archive

What integrations are available for FORDATA?

No information available.

FORDATA average rating:

Average score
5/5 (2 user reviews)
5/5

Overall Impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Write your own review of this product

ADD A REVIEW

The most favorable review

Anonymous Reviewer

PROS: FORDATA interface is very user friendly and their file management system has saved me a lot of time. As it comes to technical support team, they were always readily available to answer questions. This personalized aspect is very important for business users who are time pressed and in need of timely solutions.

CONS: Don't know.

Reviewed 2 years ago

Read full review >

The least favorable review

Anonymous Reviewer

PROS: Fordata's VDR system is an excellent tool to support any business process that requires confidentiality, and FORDATA is a business partner worth recommending. The team works in accordance with information security procedure. The system is equipped with a number of security features which protects sensitive data as only authorized users were able to access the application.

CONS: Fordata's VDR system is an excellent tool to support any business process that requires confidentiality, and FORDATA is a business partner worth recommending. The team works in accordance with information security procedure. The system is equipped with a number of security features which protects sensitive data as only authorized users were able to access the application

Reviewed 2 years ago

Read full review >

More reviews from 2 actual users:

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Trustworthy business partner

Read full review >
Anonymous Reviewer
5/5

Overall Impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 12.02.2018 Company Size: 1-10 Employees Industry: Financial Services

PROS: FORDATA interface is very user friendly and their file management system has saved me a lot of time. As it comes to technical support team, they were always readily available to answer questions. This personalized aspect is very important for business users who are time pressed and in need of timely solutions.

CONS: Don't know.

What do you think about this review? Great Poor

Easy-to-use and user friendly

Read full review >
Anonymous Reviewer
4/5

Overall Impression

5/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 12.02.2018 Company Size: More than 100 Employees Industry: Commercial Real Estate

PROS: Fordata's VDR system is an excellent tool to support any business process that requires confidentiality, and FORDATA is a business partner worth recommending. The team works in accordance with information security procedure. The system is equipped with a number of security features which protects sensitive data as only authorized users were able to access the application.

CONS: Fordata's VDR system is an excellent tool to support any business process that requires confidentiality, and FORDATA is a business partner worth recommending. The team works in accordance with information security procedure. The system is equipped with a number of security features which protects sensitive data as only authorized users were able to access the application

Vendor reply

Thank you for your valued comment! We do our best to better meet your expectations!

What do you think about this review? Great Poor
Reviewed By Nestor Gilbert
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