Fordata's Virtual Data Room (VDR) is designed for quick and efficient deployment. The implementation process includes setting up the VDR, organizing and uploading documents, and configuring user permissions and security settings. Fordata emphasizes its ability to act quickly, with sales representatives and support teams responding immediately to client needs. While specific timelines are not provided, the platform is optimized for time-sensitive industries like M&A, suggesting that setup can be completed within a matter of days or even hours depending on project complexity.
Yes, Fordata offers flexibility to adapt its VDR to specific business requirements. Features like advanced permission models, customizable watermarks, secure communication tools, and activity reports can be tailored to meet the needs of various industries such as M&A, due diligence, audits, banking, life sciences, and renewable energy projects. Additionally, Fordata provides personalized services like document organization and VDR management on behalf of clients, ensuring a customized experience.
Fordata operates on a flat-fee pricing model for its plans (e.g., VDR Lite, Basic, Pro), which likely includes most standard features like setup and maintenance. Additional services such as document organization or archiving may incur extra charges. The platform also offers 24/7 technical support as part of its service package, but there is no explicit mention of separate support fees .
Fordata
By FORDATA SP. Z O.O.
Fordata provides comprehensive support for new users through its 24/7 technical assistance and acts as a close advisor, trainer, admin, and concierge for clients. The company ensures rapid response times (e.g., answering calls within 15 seconds and emails within 15 minutes) even outside regular business hours. This hands-on approach helps users quickly adapt to the platform's features.
Fordata implements robust security measures to ensure data protection:
256-bit EV SSL encryption.
Read-only mode to prevent saving or printing documents.
Watermarks on shared files.
Blocking screenshots.
Advanced access authorization, including secure passwords, SMS verification, NDA acceptance, and periodic password changes.
Event logging for tracking activity in the Data Room.
These measures safeguard sensitive information during critical processes like M&A transactions or audits.
Fordata continually invests in product development to improve speed and reliability with every update. While specific update frequencies are not mentioned, the company emphasizes ongoing enhancements based on client feedback and industry needs.
Fordata ensures that clients retain full ownership of their data stored in the VDR. The platform offers services like preparing a Data Room archive with a compliance certificate at the end of a project, facilitating easy data portability if needed.
Fordata provides scalable solutions tailored to project size and duration. Plans like VDR Lite cater to smaller projects with limited users and storage (e.g., 1 GB), while higher-tier plans (VDR Basic/Pro) accommodate larger-scale operations with unlimited users and flexible storage options. This scalability allows organizations to adjust their usage based on evolving needs without significant disruptions.
While specific terms for renewal or cancellation are not detailed in available sources, Fordata's flat-fee pricing model suggests predictable costs over contract durations. Clients likely have flexibility in renewing or terminating contracts based on their project timelines or changing requirements.
Fordata adheres to several compliance standards:
GDPR Compliance: Ensures personal data is processed within the European Economic Area (EEA) with mechanisms like Data Processing Agreements and Risk Analysis of Personal Data Security Breach.
ISO 27001:2013 Certification: Guarantees confidentiality, integrity, and availability of stored data.
These certifications make Fordata suitable for industries requiring high levels of regulatory compliance.
