FirmRoom vs. TeamDrive

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.

Nothing gets lost on TeamDrive since SYNQION offers both offline and online file sync. Data protection seal allows us to control who can access data on it.

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• Securely Store Documents
• Customizable Permissions
• Organize Files

• Collaboration of teams on documents and files.
• Offers cloud and on-premise platforms on our company server.
• Enhances file synchronization even when offline.
• Allocates encrypted back-up copy in case of data loss.
• Offers 30 days free trial.

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Independently Invited by TrustRadius

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

• Were it not for the fact that everyone hasn't yet implemented TeamDrive in our organization - I totally have nothing in mind that need to be advanced.

Incentivized

Independently Invited by TrustRadius

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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.

Filestack support wasn't offering rapid responses to our tickets. For that reason, we decided to implement TeamDrive since they responded rapidly via phone call and allocated 30 days free trial that we enjoyed before upgrading.

Incentivized

Independently Invited by TrustRadius

A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info

• 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

• Offline synchronization makes changes on files even when not connected to the internet.
• Collaboration of teams on documents improve productivity.
• Data governance through end-to-end encryption.

Incentivized

Independently Invited by TrustRadius

A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info