FirmRoom vs. SecureDocs, An Onit Product

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.

It would be better if there were better chat features that would allow for more collaboration with others.

Incentivized

• Securely Store Documents
• Customizable Permissions
• Organize Files

• Perfect platform on easy documentation and file accessibility.
• Highly capable document editing tool.
• Sharing of data is effective.

Incentivized

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

• User interface.
• Layout.
• How-to guide.
• Easy to email documents to others for filling out needed information.

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.

This is my first VDR

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

• Saving documents is really secure and easy.
• User roles for accessing documents.
• Round the clock availability.

Incentivized