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FirmRoom

FirmRoom

Overview

What is FirmRoom?

FirmRoom is a cloud-based virtual data room. The solution helps organizations to manage due diligence, and other information-dense processes, through secure document management and file sharing. Features such as drag and drop, bulk upload, & smart search enable seamless collaboration.…

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Recent Reviews
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Reviewer Pros & Cons

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Pricing

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Standard

$400/month

Cloud

Business

$1500/month

Cloud

Enterprise

$3000/month

Cloud

Entry-level set up fee?

  • No setup fee
For the latest information on pricing, visithttps://firmroom.com/pricing

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting / Integration Services
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Product Details

What is FirmRoom?

FirmRoom is a cloud-based virtual data room. The solution helps organizations to manage due diligence, and other information-dense processes, through secure document management and file sharing. Features such as drag and drop, bulk upload, & smart search enable seamless collaboration. Additional key features include data tracking, data analytics, audit trails, customized notifications, individual and bulk invitations, bulk file upload, and a user activity tracker. The vendor states FirmRoom meets industry security standards but go above & beyond to protect documents.

FirmRoom Screenshots

Screenshot of Home pageScreenshot of Management FunctionsScreenshot of Documents TabScreenshot of Data SecurityScreenshot of Data processingScreenshot of AnalyticsScreenshot of Background

FirmRoom Videos

Learn how FirmRoom leverages AWS to help companies save on the management of M&A and other financial transactions.
Learn the basics of the FirmRoom platform in this general user introduction video.
Easily upload entire folders and documents by dragging and dropping right into the room. Simply select and drag the file into the room, confirm the upload location and rename the file if necessary. Confirm the permissions for groups that have access and the upload is complete....
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Email notifications are controlled by each user and can be found under the “Settings” tab. Each user controls the frequency of the emails they receive when new documents are uploaded into the room.
Export a site map for all folders and documents in the room by selecting “Export Index” at the top of the page. Then choose to export into PDF or Excel for an index with live links of everything in the room. If you need to reorder or edit index numbers, go to “Edit Index” and ...
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Under the “Groups” tab, you can control document and file user access. All permissions are initially controlled on the group level. To create a new group, hit the plus sign or select a group already created, then choose the file permissions button.

FirmRoom Integrations

FirmRoom Competitors

FirmRoom Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationNo
Supported LanguagesEnglish
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Comparisons

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Reviews and Ratings

(2)

Reviews

(1-2 of 2)
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February 15, 2023

Easy to Use and Secure

Score 10 out of 10
Vetted Review
Verified User
Easy to use, set permissions, and add other users. Drag-and-drop upload convenient and simple folder structure layout. Utilize the built-in Excel viewer a lot. More value for the price compared to per-page data rooms. And our clients are happier too. Like how I can sign up online. We use for secure file storage and sharing.
  • Securely Store Documents
  • Customizable Permissions
  • Organize Files
  • Document Comments
  • Task Management
M&A diligence document collection, also just good for internal document storage/organization. Really easy to add documents to the platform with the drag and drop upload, also like how you can view files in-platform with the built in Excel platform, instead of having to download the file and open on my computer.
  • Permissions
  • Price
  • Security Standards
  • Easy of Use
  • 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
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.
Shane Hanna | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
I recently used FirmRoom on an M&A deal I was working on. I found it very easy to use with an intuitive interface and simple functionality. It has a great price point and allowed me to work with the client to get a data room up and running very quickly.
  • Simple and intuitive user interface.
  • Extremely easy to upload and manage documents.
  • Easy to view and download documents.
  • There is some latency in loading larger documents. So sometimes it wasn't quite as quick as I would have liked.
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.
  • Work with clients.
  • Ease of use and intuitive interface.
  • None.
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