TrustRadius Insights
Users have found that the software provides significant benefits in streamlining deals and improving efficiency. It offers an organized …
Starting at $400
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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.…
Recent Reviews
Pricing
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
Product Details
- About
- Integrations
- Competitors
- Tech Details
- Downloadables
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
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....
Show More 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 ...
Show More 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 Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
| Supported Languages | English |
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Reviews and Ratings
(2)
Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- Business Problems Solved
Users have found that the software provides significant benefits in streamlining deals and improving efficiency. It offers an organized and efficient way to access data, making it particularly valuable in private equity deals. The platform is commonly used for sharing information and conducting due diligence in M&A deals, providing improved efficiency and security for users. With its built-in tracker, the software has proven to be a valuable tool for achieving efficiencies in deals. Users have reported no problems with the software and have experienced countless benefits.
One of the primary use cases for this software is solving the problem of securely uploading and sharing confidential information during the sale of a company. Users have found it easy and secure to access confidential documents through the software, even when dealing with sensitive information such as PowerPoint presentations. The software meets all necessary needs and facilitates due diligence processes, whether it involves buying and turning around struggling companies or creating a due diligence data room for fundraising purposes. Furthermore, users appreciate the software's ability to provide secure and traceable access to confidential documents.
In addition to its usefulness in due diligence projects, the software has received positive feedback for simplifying document organization. Users have found this feature pivotal in their success while leveraging the platform. The ability to hide VDR participants from one another and track overall activity and participation has also been praised by users. Compared to other expensive data room providers, users have highlighted superior pricing benefits associated with this particular software. It has effectively sped up paperwork processes in long and complicated deals, offering great customer support along the way.
The software has garnered high ratings from users in terms of both feature/functionality and overall value compared to other data room providers. In M&A due diligence scenarios, especially on the sell side, users have found this software easy to use with an intuitive interface and simple functionality. Its great price point allows for quick setup of a data room while still providing essential features like drag-and-drop upload and Excel viewer. Compared to per-page data rooms, this software delivers more value for the price. Users appreciate the convenience of being able to sign up online and rely on the software for secure file storage and sharing.
Overall, customers and users have had positive experiences with this software, finding it to be an efficient and effective solution for their deal-related needs.
Reviews
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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
- 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.
March 28, 2022
Firmroom--good value for a good price
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.
- Work with clients.
- Ease of use and intuitive interface.
- None.