ABBYY FineReader vs. FirmRoom

FineReader is critical for any business that handles scanned documents or works with files that need conversion to Excel, PDF, Powerpoint or various other programs. It's ability to automatically process, read documents and suggest tables is impressive. It can take printed documents and convert all of the text to a editable format which is a huge time saver. In regards to tables it can automatically find and identify columns and separate them out for immediate use in Excel

Incentivized

This is a great data room for a simple transaction. It does not offer all of the bells and whistles like some data rooms--but the price point is a fraction of what those data rooms cost. And I think this is a great solution for an M&A project. I'm not sure it would be as good for tracking what users viewed a document or how long--although in all honesty, I didn't see such features. These days, most clients want to try and use Dropbox or Google Docs and I feel that firm room is a far superior solution to those often-used choices and the price point is not very painful and does not decrease the attractiveness of the offering.

• OCR scanning
• Refining scanned text
• Sophisticated and flexible OCR settings/adjustments
• High-quality editing and document comparison tools

Incentivized

• Securely Store Documents
• Customizable Permissions
• Organize Files

• A versioning system of the work done or the editions that have been saved in the files, or a tracking of changes between one version and another would be fabulous
• An improvement that would be asked would be as previews or suggestions of the type of file that could be beneficial to use in an edition
• The redesign of the panels is that of the analyzed document, the edition and the changes in my opinion need a resizing to have a better view of the work

Incentivized

• There is some latency in loading larger documents. So sometimes it wasn't quite as quick as I would have liked.

While Adobe Reader can identify documents and convert them to some other various formats, it cannot process the documents to identify tables for use in Excel. We only had success by letting Adobe read a file for any identifiable text but it wasn't always accurate. FineReaders ability to handle hundreds of pages at once felt leaps and bounds above Adobe

Incentivized

In expensive cost and simple design. There was basically no onboarding needed and you can sign up for yourself online. Security standards are similar to other M&A data rooms, but pricing is much less expensive. Never have to worry about permissions when adding new users to the virtual data room.

• ABBYY FineReader is an irreplaceable tool for preparing documents for document management systems and getting the most of them afterward
• Great time saver in various scenarios related to work with scans and photos of documents

Incentivized

• Much less expensive than per page data rooms
• Can view documents quicker with the in-platform viewer
• Almost no training required which saves me time when inviting new users