FORDATA REVIEW

IT Security Software

2 user reviews
USER SATISFACTION 100%
OUR SCORE 8.0

What is FORDATA?

FORDATA is a virtual data room and web-based application used to share confidential documents to the external parties in a secure and controlled way, i.e. advisers, potential investors, financial institutions and auditors. The vendor offers a 30-day free trial with unlimited usage. The pricing packages are tailored for your project needs. FORDATA supports the biggest transactions in the Central and Eastern Europe (mergers and acquisitions, PE/VC, commercial real estate, IPO,  syndicated loans, Life Science projects).

FORDATA VDR is offered as a service, launched on FORDATA IT infrastructure and provided along with professional support in terms of organizing the process. Dedicated customer and technical support teams are available for all users 24/7/365.

Trusted by thousands of companies and organizations over Central and Eastern Europe, FORDATA VDR Solutions operate in compliance with ISO 27001:2013. Security tools include data and communication encryption with EV SSL 256-bit algorithm, document rights management (DRM) model – possibility to deny such access  rights as file viewing, saving or printing, Read-only PDFs – protection against file modification, Watermarks on documents, identyfying the user and 2-step verification. Additionally, FORDATA guarantees Personal Data protection and accordance with Legislation of Inspector General for Personal Data Protection (GDPR).

Overview of FORDATA Benefits

FORDATA provides you with a safe and secure virtual environment where you can share files, documents, and other sensitive and critical information with external parties without giving them access to your system and network.

With FORDATA virtual data rooms, you and your colleagues, partners, and transact parties can work on critical transactions and projects like mergers and acquisitions, life science, clinical trials, corporate auditing, and more without worrying about unauthorized access to other information or security breaches in your network as everything is done outside your system.

That said, the platform offers simple document management, thanks to its very familiar drag and drop interface. FORDATA also makes it easy for you and others users to set rules in terms of access and what files to share within the environment, giving you total and absolute control as to who can access what files and what documents are allowed to share.

You will definitely appreciate FORDATA’s flexible access rights and user management. That means you can change role definitions, allow, limit, or deny access effortlessly. You can also block access for a selected group of users for a specific period of time if need be. If and when your business requires it, you can perform advanced audit trails with ease.

Overview of FORDATA Features

  • Bank-Grade Security mechanisms
  • Data and communication encryption with EV SSL 256-bit algorithm
  • Document rights management (DRM) model – possibility to deny such access rights as file viewing, saving or printing
  • Read-only PDFs – protection against file modification
  • Watermarks on documents, identyfying the user
  • Advanced Search Options
  • Flexible access rights and user management
  • Login with two-step authentication
  • Advanced search options
  • Advanced Audit Trails

What Problems Will FORDATA Solve?

VDR  is a tool most commonly used to support complex and confidential deals, often with the participation of independent financial and legal advisers. It allows to share confidential files in an easy and controlled way, preserving absolute information security.
USE CASES:
1. Due Diligence
FORDATA is a globally recognized tool for Due Diligence (e.g. during mergers and acquisitions). Thanks to advanced security mechanisms and dedicated functions, Due Diligence can be organized in an electronic way, raising its safety, effectiveness and  comfort for all deal participants.
Solutions: M&A, IPO/SPO, Bond Issue, Sale of commercial real estate (office buildings, shopping centers, warehouses, hotels), Private Equity, Venture Capital, FIZAN (exit/divestments, fund raising), Sale of batches of receivables, Restructuring
2. Network organisation
Solutions: Audits and reporting, Life Science, clinical trial, Projects with an external entity, Cooperation with an adviser  (legal, financial, tax). VDRs are also being used by companies to implement non-transactional projects. In such projects, VDR is used to share confidential documents outside the organisation, also with external partners or financial institutions.

Awards & Quality Certificates

FORDATA Position In Our Categories

Position of FORDATA in our main categories:

500

FORDATA is one of the top 500 IT Management Software products

500

FORDATA is one of the top 500
IT Management Software products


FORDATA is also listed in the following subcategories:

Category:Position:Category:Position:
IT Security Software#77
Category:Position:
IT Security Software#77

Since each organization has particular business requirements, it is prudent for them to desist from searching for a one-size-fits-all faultless software solution. Needless to say, it would be futile to try to find such an app even among market-leading software solutions. The smart thing to do would be to catalog the various essential factors that need consideration such as main features, finances, skill levels of workers, company size etc. Then, you should do your homework thoroughly. Read some FORDATA reviews and check out each of the other systems in your shortlist in detail. Such exhaustive groundwork can make certain you reject ill-fitting platforms and select the app that offers all the aspects you need for business success.

How Much Does FORDATA Cost?

FORDATA Pricing Plans:

Contact FORDATA for enterprise pricing information and other product details. You can also submit a request for a demo to see if the service is a perfect fit for your business.

User Satisfaction

We realize that when you make a decision to buy IT Security 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.

POSITIVE SOCIAL MENTIONS

16

NEGATIVE SOCIAL MENTIONS

0

Technical details

Devices Supported
  • Windows
  • Android
  • iPhone/iPad
  • Mac
  • Web-based
Language Support
  • USA
  • UK
  • Canada
  • International
  • Polish
Pricing Model
  • Quote-based
Customer Types
  • Small Business
  • Large Enterprises
  • Medium Business
Deployment
  • Cloud Hosted

What Support Does This Vendor Offer?

  • EMAIL
  • PHONE NO.
  • TRAINING

FORDATA User Reviews


Anonymous Reviewer 1 week ago



Anonymous Reviewer 1 week ago


What are FORDATA pricing details?

FORDATA Pricing Plans:

Contact FORDATA for enterprise pricing information and other product details. You can also submit a request for a demo to see if the service is a perfect fit for your business.

What integrations are available for FORDATA?

FORDATA does not integrate with other software. FORDATA VDR has closed API, preventing third-party interference with the VDR application code.

User reviews


User reviews in total: 2

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The most favorable review

Anonymous Reviewer

1 week ago


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.

The least favorable review

Anonymous Reviewer

1 week ago


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

Anonymous Reviewer
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Published 1 week ago
Pro
review
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...



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Anonymous Reviewer
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Published 1 week ago
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...



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