FORDATA Review
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.
Show MoreOverview 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.
Show MoreOverview 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
FORDATA Position In Our Categories
Because businesses have distinctive business requirements, it is only practical that they steer clear of adopting an all-in-one, ”best” solution. Nevertheless, it is difficult to try to stumble on such application even among recognizable software solutions. The practical thing to do would be to spell out the various vital aspects that need investigation such as crucial features, price terms, technical skill competence of staff members, organizational size, etc. After which, you must double down on the product research thoroughly. Have a look at some FORDATA reviews and check out the other software solutions in your shortlist more closely. Such well-rounded product research guarantee you take out mismatched software solutions and choose the one that offers all the tools your company requires.
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 may also be a good idea to investigate other subcategories of Virtual Data Room Software gathered in our base of SaaS software reviews.
Each enterprise is different, and may require a special Virtual Data Room Software solution that will be fit for their company size, type of customers and staff and even individual industry they support. It's not wise to count on locating an ideal app that will work for every business regardless of their background is. It may be a good idea to read a few FORDATA Virtual Data Room Software reviews first and even then you should keep in mind what the software is intended to do for your business and your employees. Do you need an easy and intuitive service with only basic functions? Will you really use the advanced functionalities needed by experts and big enterprises? Are there any particular tools that are especially practical for the industry you operate in? If you ask yourself these questions it is going to be much easier to find a reliable app that will fit your budget.
How Much Does FORDATA Cost?
FORDATA Pricing Plans:
Free Trial
VDR Lite
€220/month
VDR Basic
Contact vendor
VDR Pro
Contact vendor
What are FORDATA pricing details?
FORDATA Pricing Plans:
Free Trial
VDR Lite
€220/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 – starts with €220/month (billed annually)
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1 Project
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1GB Data
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15 Users
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1-hour Online Training
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Self-service
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Three-level file permissions (view, save, print restrictions)
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Read-only access
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Print screen lock
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Customizable dynamic watermarks
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6 advanced user activity reports
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7 advanced admin reports
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Fence view
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Blur view
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Smart OCR for scans & images
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View as Investor
VDR Business – request pricing information
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1 Transaction
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Flexible Data Size
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Unlimited Users
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24/7 Technical Support
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Dedicated Project Manager
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Assisted Documents Upload & VDR Management
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Data Room Archive
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Free preparatory stage
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AI-powered redaction
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AI document translation
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2FA via app, email, or SMS
VDR Pro – request pricing information
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Multiple Projects or Transactions
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Flexible Data Size
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Unlimited Users
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Dedicated Project Manager
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24/7 Technical Support
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Assisted Documents Upload & VDR Management
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Data Room Archive
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CMK Customer Managed Keys
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Website integration
User Satisfaction
Positive Social Media Mentions
16
Negative Social Media Mentions
0
We know that when you choose to get a Virtual Data Room Software it’s vital not only to learn how experts rank it in their reviews, but also to discover whether the real clients and companies that use it are genuinely happy with the service. Because of that need we’ve devised 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 a simple to digest way revealing how many clients had positive and negative experience with FORDATA. With that information at your disposal you will be prepared to make an informed buying decision that you won’t regret.
Video
Screenshots
Technical details
Devices Supported
- Windows
- Linux
- Android
- iPhone/iPad
- Mac
- Web-based
- Windows Mobile
Deployment
- Cloud Hosted
Language Support
- English
- German
- Dutch
- Polish
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 FORDATA?
FORDATA does not offer integrations with other systems at this time.
FORDATA User Reviews
FORDATA average rating:
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 REVIEWThe most favorable review
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
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
More reviews from 2 actual users:
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Trustworthy business partner
Read full review >
5/5
Overall impression
5/5
Customer Support
5/5
Value for Money
5/5
Ease of Use
Published on: 04.09.2021
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.
Vendor reply
Thank you so much for this great 5-star review!
Easy-to-use and user friendly
Read full review >
4/5
Overall impression
5/5
Customer Support
4/5
Value for Money
4/5
Ease of Use
Published on: 18.06.2021
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!
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FORDATA user reviews
Trustworthy business partner
Read full review >
5/5
Overall impression
5/5
Customer Support
5/5
Value for Money
5/5
Ease of Use
Published on: 04.09.2021
Company Size: 1-10 Employees
Industry: Financial Services
Easy-to-use and user friendly
Read full review >
4/5
Overall impression
5/5
Customer Support
4/5
Value for Money
4/5
Ease of Use
Published on: 18.06.2021
Company Size: More than 100 Employees
Industry: Commercial Real Estate
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