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A Firmex alternative with the deal workflow built in

Firmex is a well-known virtual data room, used widely in the mid-market. It does one job and does it well: sharing documents with outside parties. Stowbill takes a different approach. It is the system for running the mandate itself, with files, workflow and billing together.

Where Firmex is stronger

  • Previews of every Office format, including PowerPoint.
  • Page-level reporting on what each outside party viewed.
  • SSO, security certifications and established enterprise support.
  • Years of use on mid-market transactions.

Where Stowbill fits

  • Five partner-gated deal phases, a conflict check and a buyer tracker for each mandate.
  • Document check-out, version history and sign-offs tied to versions.
  • Timesheets with approval, planned vs actual hours, and invoicing.
  • A client portal where clients upload without an account.
  • Flat per-user pricing and a focus on Pakistan and the GCC.

Side by side

FirmexStowbill
Outside-party data roomYesYes
Q&AYesYes
Watermarks and view-only viewerYesYes: PDF, Excel, Word
RedactionYes, with searchYes, drawn by hand on PDFs
NDA click-through and per-buyer reportsYesYes
Folder permissions and expiryYesYes
Append-only activity logActivity reportingYes, database-enforced and hash-chained
Mandate phases with partner gatesNot its focusYes
Deals pipeline and buyer trackerNot its focusYes
Conflict check across clients and counterpartiesNot its focusYes
Success fee calculationNot its focusYes
Timesheets and billingNot its focusYes
E-signatureCheck with vendorYes

Price

Third parties report Firmex at roughly $625 a month on a flat plan, with an average around $7,800 a year. Competitor prices are as reported by third parties, approximate, Nov 2026. Vendors quote per deal, so check with them directly.

Which to choose

Choose Firmex if your main need now is a buyer-facing room with Q&A. Choose Stowbill if you want one system for the mandate, the files, the buyer-facing room and the billing.

Available now in the data room: accounts for outside parties such as buyers, investors and lenders, signing in with an emailed one-time link; NDA click-through; a view-only PDF viewer with downloads off by default; a dynamic watermark on every PDF page; private Q&A per party; per-party activity reports; a numbered index (1, 1.1, 1.1.1) with Excel export per party; whole-folder uploads with files up to 250 MB; redaction of PDFs; protected viewing of Excel and Word files; Q&A with a partner approval step and Excel import; a buyer interest score; your firm's logo on the room; and a buyer tracker linked to the deal. Not built yet: SSO, page-level analytics, AI tools and security certifications such as SOC 2.

Questions

What does Firmex cost?

Third parties report about $625 a month on a flat plan (approximate, Nov 2026). Firmex also offers per-project pricing.

Does Stowbill have Q&A?

Yes. Each party has private Q&A: guests ask about the room or a document, your firm answers, and only that party sees the answers. Email notifications go both ways.

Can clients upload to Stowbill without an account?

Yes, through the client portal's secure link.

Who owns Firmex?

Third-party reports say Firmex is owned by Datasite.

Can we try Stowbill on one mandate?

Yes. Start a free trial or book a demo.

Last reviewed 10 November 2026. General information, not professional or legal advice.

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