FORDATA Virtual Data Room Features

FORDATA Virtual Data Room

Virtual data room solution for businesses

4.5/5 (28 reviews)

FORDATA Virtual Data Room Feature Summary

  • Anonymity Management
  • Collaboration
  • Data Protection
  • Due Diligence Management
  • Secure Preview

Competitor Feature Comparison

Access Control
Activity Tracking
Auditing
Authentication
Automatic Notifications
Collaboration Tools
Communication Management
Compliance Management
Configuration Management
Customizable Questions
Data Storage Management
Data Visualization
Digital Watermarking
Document Management
Document Storage
Drag & Drop Interface
File Management
File Transfer
Filtered Views
Full Text Search
History Tracking
Monitoring
Multi-Language
Multiple User Accounts
Permission Management
Project Management
Projections
Remote File Access
Reporting & Statistics
Role Management
Role-Based Permissions
Search Functionality
Secure Data Storage
Secure Login
Status Tracking
Transaction Monitoring
Two-Factor Authentication
User Management
Watermarking
Workflow Management
Learn moreCompare App
Access Control
Activity Tracking
Auditing
Authentication
Automatic Notifications
Collaboration Tools
Communication Management
Compliance Management
Configuration Management
Customizable Questions
Data Storage Management
Data Visualization
Digital Watermarking
Document Management
Document Storage
Drag & Drop Interface
File Management
File Transfer
Filtered Views
Full Text Search
History Tracking
Monitoring
Multi-Language
Multiple User Accounts
Permission Management
Project Management
Projections
Remote File Access
Reporting & Statistics
Role Management
Role-Based Permissions
Search Functionality
Secure Data Storage
Secure Login
Status Tracking
Transaction Monitoring
Two-Factor Authentication
User Management
Watermarking
Workflow Management
Visit WebsiteCompare App
Access Control
Activity Tracking
Auditing
Authentication
Automatic Notifications
Collaboration Tools
Communication Management
Compliance Management
Configuration Management
Customizable Questions
Data Storage Management
Data Visualization
Digital Watermarking
Document Management
Document Storage
Drag & Drop Interface
File Management
File Transfer
Filtered Views
Full Text Search
History Tracking
Monitoring
Multi-Language
Multiple User Accounts
Permission Management
Project Management
Projections
Remote File Access
Reporting & Statistics
Role Management
Role-Based Permissions
Search Functionality
Secure Data Storage
Secure Login
Status Tracking
Transaction Monitoring
Two-Factor Authentication
User Management
Watermarking
Workflow Management
Visit WebsiteCompare App

Mobile apps

Android App


0 reviews

FORDATA Virtual Data Room Feature Reviews

23 reviewers had the following to say about FORDATA Virtual Data Room's features:

Konrad Heidinger

FORDATA REVIEW

2019-02-08

VDR is used by my company to manage data flow between various parties during property due-diligence.

Pros

* The interface is pretty transparent, although the design could be more modern-looking * The software allows to use all basic functionalities of the VDR * The staff is very helpful

Cons

* Interface looks obsolete, * the software works pretty slow, especially in terms of major operations (e.g. deleting files in bulk) * some of the functionalities (e.g. like sending notifications to users) are not very intuitive * Necessity to log into an additional panel (Fordata uploader) in order to manage files.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Daily

Likelihood to recommend

6/10
Source: Capterra
Helpful?   Yes   No

Response from FORDATA


Thank you for your valued comment!
KIndly be informed that FORDATA VDR allows to manage files without necessity to log in to additional panel. The function is available in the main tab of VDR called "Documents" in "Edit Structure" section!

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Anonymous
(Investment Banking company, 11-50 employees)

Good for due diligence and other M&A related data sharing services

2019-05-28

Good for due diligence and other M&A related data sharing services

Pros

Worked fast and had a good price to quality ratio

Cons

It was not easy to invite other users to the VDR. The interface was not always convenient and intuitive

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Daily

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No

Response from FORDATA


Thank you! It's great to hear you had a positive experience using our services in M&A and DD! We continuously strive to make our tool as convenient as possible and our support is always ready to guide you online through our interface. Recently, we also introduced the Knowledge Base module to the interface, which will help use different functions of the VDR.

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Tomasz Kryszpin

Fordata VDR

2020-09-13

For Data is quite popular VDR used for exchanging documents during due diligence processes.

Pros

It has all crucial functions - storage of data in an orderly way and Q&A function enabling attachment of files. Exporting index of files and index of Q&A also helps to monitor incoming answers and new files.

Cons

On my last project I noticed that the status of questions was quite misleading - I couldn't find which questions are answered and which not.

Rating breakdown

Ease of use
Features

Time used: 2+ years

Frequency of use: Occasionally

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No

Response from FORDATA


Thank you for the positive review! We are glad you find the FORDATA system easy to navigate and the Q&A module functions helpful. We appreciate your comment on the questions statuses, too. Our developers will look into it.

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Marek Ka

Good product, highly recommented

2019-01-24

I used Fordata VDR for a number of transactional due diligence reviews.

Pros

Ergonomical interface.

Cons

Lack of full-text search feature.

Rating breakdown

Ease of use
Features

Time used: 1-2 years

Frequency of use: Monthly

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No

Response from FORDATA


Thank you for your comment. We appreciate it!
KIndly be informed that full-text search feature is available in FORDATA VDR in the main tab called "Documents".

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Zuzanna Derpińska

M&A

2019-05-28

I worked on it in several transactions and the tool make it very easy to coordinate the data and exchange them

Pros

It has many features that are easy to implement in field of data protection

Cons

layout looks a bit old and not always is intuitive but once you get used to it it can be easy to manage

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Occasionally

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No

Response from FORDATA


Thank you for your time writing the excellent comment! We make every effort to improve the ease of use of our VDR and keep in mind the overall UX, including the looks of the interface, which was upgraded last year.

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Anonymous
(Financial Services company, 11-50 employees)

High quality of product and customer service

2019-02-07

As mentioned, user friendly software with very powerful platform enabling a control the process.

Pros

Great control of the VDR.

Cons

It might have been the issue of my firewalls, but sometimes it was impossible to source data using company plugin

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No

Response from FORDATA


Thank you so much for this great 5-star review. We really appreciate you being a loyal customer and helping to share the word about us. We pride ourselves on our customer service and IT support!

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Anonymous
(Venture Capital & Private Equity company, 11-50 employees)

due diligence

2019-02-07

Pros

Structure clarity. Settings options. Client services.

Cons

I like the least old fashioned interface and design.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Daily

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No

Response from FORDATA


Thank you for this wonderful review. We are glad you liked th design simplicity and our customer support.

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Lukasz Pierzkala

Very professional tool. Frendly for new users

2019-02-28

Overall very positive experience with the tool

Pros

Simple; Quick Access; Quick downloands of the documents

Cons

More detailed information - mailing about documents being loaded by the other party

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Daily

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No

Response from FORDATA


Wow, great 5-star review! Thank you so much for taking the time to leave this excellent review.

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Piotr Czapczynski

Very good tool for e-commerce project

2019-05-28

Much better than its peers (e.g. Intralinks or Merrill)

Pros

Easy access to shared materials by the client.

Cons

It always took me a lot of time to download files

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Daily

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No

Response from FORDATA


Thank you so much for a 5-star review! It's nice to hear our tools were useful. We constantly upgrade our software to meet the needs of our clients, this also includes transfer speeds.

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Pawel Chmielewski

Good value for money

2020-02-26

Well above average

Pros

Easy to set up and launch, very time efficient

Cons

Some functionalities require time to get used to

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Monthly

Likelihood to recommend

7/10
Source: Capterra
Helpful?   Yes   No

Response from FORDATA


Thank you for the positive review! We are glad we could help save your time. Also, we would be more than happy to hear your suggestions regarding the VDR features.

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Daniel Banach

Thoughts on FORDATA VDR from the perspective of a tax professional

2020-02-26

As a M&A tax professional I use 5+ VDR tools from various providers.

Pros

Ease of use; has all of the features expected from similar products; can set-up delegates easily; ability to customize updates and notifications; reliability

Cons

Still small feature gap to biggest VDR providers.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Weekly

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No

Response from FORDATA


Thank you for such a great review! We are happy to hear you found our solution reliable and helpful. We will gladly hear any suggestions you might have concerning functionalities.

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Anonymous
(Financial Services company, 11-50 employees)

FORDATA Review

2019-02-14

Fordata is a good interface for sell-side processes, allowing to easily and quickly create a VDR.

Pros

The interface is quite easy to use, specially managing folders

Cons

Managing users and setting privileges was not really flexible

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Daily

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No

Response from FORDATA


Thank you for your comment. We really appreciate you helping to share the word about us!

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Anonymous
(Accounting company, 11-50 employees)

Decent DD VDR software

2019-05-28

I use Fordata VDR to receive data from target companies in due diligence processes.

Pros

Easy to use and pretty straightforward Daily updates about new files

Cons

Fordata VDR plugin does lack behind in terms of browser updates therefore IE or Edge is often the browser you need to use.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Daily

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No

Response from FORDATA


Thank you for your comment and the recommendation! We are glad you find our VDR easy to use and are greatful for your suggestions. Chrome update could cause problems with how our plugin performed, but this issue is already solved.

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Michal Gojski

Fordata VDR review

2019-05-28

I work on FORDATA datarooms when I do due diligence for my clients.

Pros

Easy to use, good price, transparent interface

Cons

The fact that you need to run it under explorer - whenever I want to use Chrome it does not work.

Rating breakdown

Ease of use
Features

Time used: 2+ years

Frequency of use: Monthly

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No

Response from FORDATA


Thank you for the positive comment! We are glad you choose our product for conducting Due Diligence. Problems with Chrome plugin could result from Chrome update, which is already taken care of by the IT Team. Our Support is always ready to answer software-related questions, too!

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Łukasz Krawczyk

Used for dd for 2 years

2019-04-15

Overall very good.

Pros

The customer support is excellent. The interface is quite easy to use.

Cons

Necessity to log into an additional panel for uploading files. Too expensive.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Weekly

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No

Response from FORDATA


Wow, great 5-star review! Thank you for taking your time writing this comment!

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Anita Maciejowska

Fordata VDR

2019-02-28

It was a pleasure to use Fordata VDR as compared to other VDRs available on the market. Easy to control new documents, easy to find files.

Pros

The option for seeing what new documents were uploaded since my last login.

Cons

There is no option for adding comments to the respective files.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Occasionally

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No

Response from FORDATA


Wow! Thank you so much for this great 5-star review.!

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Kamil Kania

Great platform!

2019-02-14

Pros

Comprehensive platform's features and intuitive interface.

Cons

Instruction for Mac users could be better.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Daily

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No

Response from FORDATA


Thank you so much for this great 5-star review! We really appreciate you being a loyal customer. Our customer support team is ready always to help you with any request!

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Daniel Plichta

Nice Room to use!

2019-05-28

With Fordata VDR you can make due diligence in safety and comfortable way.

Pros

Safety, easy to access, nice looking software, stability

Cons

Low access to documents which aren't downloaded and printed

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Daily

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No

Response from FORDATA


Thank you for your review! We are glad you liked our VDR functions. As far as the access to documents is concerned, it depends on the Project Manager whether downloading and printing functions are allowed. You can always refer to the PM using Q&A module if you think you should have such access.

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Jakub Wieszczeczyński

comments

2019-01-22

taking in a number of due diligence projects using fordata software; assisting Polish clients in inquiry for fordata's services

Pros

reliability, functionality and ease of use

Cons

prices

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Monthly

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No

Response from FORDATA


Thank you for your comment. We appreciate it!

Read more
Paweł Lipkowski

Reliable + value for money

2019-02-07

Pros

Very good quality at a great price. I recall customer support very fondly. I was with an investment bank that had a number fo unique requests and they were all dealt with.

Cons

Several years back, when I was last using Fordata's software, it still had no convenient mobile option.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Occasionally

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No

Response from FORDATA


Thank you so much for this great 5-star review! We appreciate it! Your opinion is very important to us! Help us to improve for you.

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Josep Guasch

Opinion

2019-02-26

Pros

Easy to use for users without experience in VDR.

Cons

The price of the service is expensive if we compare with others

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Occasionally

Likelihood to recommend

7/10
Source: Capterra
Helpful?   Yes   No

Response from FORDATA


Thank you for taking your time writing this comment! That's right, our new version of FORDATA Virtual Data Room is more intuitive and self-configurable to make you feel happy at work!

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Anonymous
(Law Practice company, 11-50 employees)

Reliable but sometimes annoying

2020-02-26

I share documents for legal DD and open shared documents for legal DD.

Pros

It's relatively easy to use.

Cons

I don't like the uploader. It is outdated. The website tends to crash.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Occasionally

Likelihood to recommend

7/10
Source: Capterra
Helpful?   Yes   No

Response from FORDATA


Thank you for the positive review and suggestions! We are happy you found our VDR easy to use. Your opinion is of great value to us, we will keep it in mind while developing the software.

Read more
Piotr Rybakowski

VDR Review

2019-05-28

It was strictly related to part of the Due Dilligence process and it was fine for it. I didnt get to work on other types of projects so cant really comment more.

Pros

One of the easier, better looking VDRs I was working with.

Cons

Cant think of anything in particular. One of the things which are hard in other VDRs is how hard it is to navigate and how slowly they load documents or the preview - this was NOT an issue here.

Rating breakdown

Ease of use
Features

Time used: Less than 6 months

Frequency of use: Weekly

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No

Response from FORDATA


It's great to hear you found our VDR so convenient and useful! Thank you! We value the UX greatly. Our layout underwent an upgrade last year, so we hope it makes working on it even more pleasant.

Read more