This provider offers a truly simple virtual data room that can adapt to your needs. It sounds great on the paper because ultimately, the Firmex data room will suit businesses of any size. However, there are a couple of insignificant drawbacks that still can be something that will make you look for other options. Anyway, let’s jump to the review.
A complete Firmex virtual data room review
This provider is cloud-based. Therefore, you can easily access the data room from anywhere. But here comes the first drawback we have to mention – there is no mobile app for Android devices. However, iOS users have their application. Why didn’t Firmex provide Android users with an app is a huge question.
Firmex focuses on accelerating mergers and acquisition and due diligence. Understanding that companies of different sizes have different needs, this provider offers tailored solutions based on your unique requirements. As a result, the service adapts to your company, allowing you to enjoy the software and not forcing you to adjust to it. With Firmex, you can customize everything – from workflows and to the appearance of your corporate deal room.
To upload the documents in bulk, you can use a simple drag and drop feature, and there is nothing unusual here. But what is something you can rarely meet is a version control function. It allows creating different versions of a file as it gets changed. Thus, you can always access the history of edits when it’s needed.
Moreover, you can set a state for the folder or the document to show others at which stage or work is it. This feature helps participants of the process to understand what’s happening with the information – is it still being reviewed, does it undergo editing, or is it in its final version. We find this feature really convenient, and it helps to bring some structure to the process.
But there is another con Firmex data room has – documents and folders are not getting indexed automatically. Which is rather frustrating because let’s be honest, that’s a very basic feature every virtual data room provider offers. Of course, we can live without it, although it is a significant inconvenience.
Anyway, let’s get back to positives. Firmex offers different levels of access, and you can set them both for groups and separate users. That’s a feature you’d expect from the virtual data room. However, not all providers allow setting levels of access for separate users. So that’s a huge advantage of Firmex data rooms.
Another nice thing about this vendor is that it allows you to hold several projects simultaneously and toggle between them easily. Invited third-parties from one project can’t access other projects, so you can be sure the information remains safe.
The interface of Firmex data rooms is very straightforward and nicely organized. So even if you’re not familiar with technologies very well, you most likely will not experience any issues. However, if you do, the support team is always there for you. Users can access it 24/7, and specialists will help them with any issue they face.