FirmRoom VDR Review

Firmroom is a cloud-based video conferencing solution designed to replace expensive hardware solutions such as Cisco Webex, GoToMeeting, Skype for Business, or Zoom. The software allows you to connect with multiple participants at once, share screens, record meetings, and even collaborate on documents.

FirmRoom Brief Description

Firmsroom was founded in 2014 and is headquartered in San Francisco. The company provides a web-based application that enables employees to share files, edit documents, and conduct meetings using a browser or mobile device.

Firmsroom offers a free version of its software, which includes basic features such as file sharing, document editing, and meeting schedule. If you want to get access to additional features, you’ll need to upgrade to the paid plan.

FirmRoom VDR General Functionality

With FirmRoom, you can give different people varying levels of access rights for documents they need to see. For example, if one person needs to be able to edit a document but another person just needs read access, then you can easily set up these kinds of rules within the system. You can customize access so that people who need to see documents but don’t want to download them can just view them online. And if someone tries to change something they shouldn’t, then you get an alert letting you know. Document approval and confirmation of uploading before becoming visible enable users to track which documents become available to stakeholders.

Key Advantages of FirmRoom VDR

  • Drag and Drop Support: You can drag and drop files into the app to manage them from within the app itself.
  • Bulk upload: Just press one button to upload multiple files at once.
  • Document viewer: Easily view documents of various formats without downloading them first.
  • A smart search feature allows you to search through specific documents within the data room.
  • You can assign different permissions for documents using group permissions. For example, if you want to give someone read/write access but not edit rights, then they would be assigned Read Only status within the group.
  • Document activity: know who has accessed which documents and when they did so.
  • You can share your data with a group of people at once by using bulk invitations.
  • Audit data: Use data automatically logged by FirmRoom to streamline your audit process.
  • Record activities: See details of every action taken by each user within an app.
  • You can get free printable reports by exporting data analysis into an Excel spreadsheet or PDF file.

FirmRoom VDR Safety

Before granting access to files, the system requires multiple-factor authentication which reduces the risk of file theft. Document Activity analytics records when people access documents from different locations. Furthermore, platform activities include monitoring document accesses, interactions with documents, usage times for each document, and whether there were any downloads/uploads. It allows for real-time monitoring and alerting capabilities which can trigger automatic actions if any suspicious activities or unauthorized accesses occur.

FirmRoo, Pricing Details

Firmroom is available at three different price points: Standard, Business, and Enterprise. Pricing begins at $250/month for an annual subscription fee ($500/month if paid monthly), which increases by 50% every year until reaching its maximum price point of $1,000/month. It includes 10 GB of free space for storing files, one data room where you can store documents, unlimited administrative licenses, plus a large number of participants. Business: $1,500 per year ($2,000 per month) billed either yearly or monthly.