DealRoom

Vorteile

Dealroom is easy to use, you can populate dealroom with your due diligence folders and create due diligence list right inside the dealroom instead of sending the due diligence list separately to your clients.

Nachteile

Missing Outlook plugin which is mostly available will update tab that would allow execution team to update status on this would allow execution team to update status on transactions.

Vorteile

Incredible Project Management features and unlimited volume on a monthly subscription!

Nachteile

It can take 30 min. for support response.

Vorteile

Dealroom is user friendly and easy to use, it's clear and well structured for M&A processes. However, more work has to be put into the little details that a user has to go through from an operational POV. The general logic., flow, functionality and features are very handy and useful

Nachteile

The little details like not having your own templates, having to import and export, no ability to copy assignees can be annoying .

Vorteile

DealRoom is very easy to set up, upload and share docs on a confidential basis.

Nachteile

There is not a great way to add summary comments or notes to the notification email on new files uploaded. Additionally, the file name gets cut off in the cover email notifications.

Vorteile

Easy to use when coordinating with multiple parties

Nachteile

Too many email notifications received on a daily basis can cloud what is important.

Vorteile

It is much easier to use then most other VDR's I have worked with. The functionality and intuitive features are the best out there.

Nachteile

There are no specific complaints I have with this software. A VDR is supposed to make things easy for us to upload documents in a secure location and Deal Room has solved that problem.

Vorteile

Documents seem to be easily found and easily opened

Nachteile

When I added a request, the other users with access get notified of my request but not me. It is off putting at first as I was not sure that my request had been processed.

When an email is received notifying of a new document added to a folder, I tried accessing that via both the document link and the folder link. In each case, it took me some time to work out how to get back to the main menu. There needs to be an clearer and easier path (for first time users) back to the main menu of document folders .

Vorteile

DealRoom was a great platform for a project I recently worked on. It provided timely notifications when new items were uploaded to the site, and it the folder structure was easy to navigate and search.

Nachteile

DealRoom was easy to use and access - I can't think of anything that I didn't like about the platform.

Vorteile

It's very user friendly and has a clean UI/UX.

Nachteile

I've sent a product request for a "Checklist" feature to be added.

Vorteile

Intuitive, just like managing folders and documents on my computer. Never had a proble gaining access.

Nachteile

Notifications for each document uploaded coukd be overkill at times, would orefer a daily rollup or a proactive outreach based on the volume of notifications I was getting to ask if I’d like to turn them off.

Vorteile

This was our first time using DealRoom. Our partner uses this as a secure data portal for sharing sensitive, controlled data.
We found it very useful and if we had questions, the support team was very quick to respond, resolve, and confirm we understood why the issue occurred and that we were clear with the explanation.
The system was easy to navigate and track usage and updates.

Nachteile

No significant issues. We were a little confused at times when one person on the team reviewed "new" data which caused the "new" flag to fade and others might miss this due to the volume of data shared. A suggestion: retain the "new" flags for one full day and change the color once the entry is initially reviewed (e.g. green moves to yellow) and stays yellow for 24 hours so the team knows it's new but has been reviewed. Not a big thing, just a suggestion.

Vorteile

This software has stood out to me for various reasons.
- Fast download speed to easy zip folders which have smaller capacity and are therefore easy to email forward.
- Loading speed of the pages is considerably faster than other deal platforms.
- Q&A function is user friendly and simple with clear indicators to questions being answered and edit/attachment functions.

Nachteile

- It doesn't seem clear to me as to how to attach data room document numbers to the top of the document when downloaded from the site.

- The exported excel index does not include the date which documents were unloaded to the data room.

Vorteile

The functionality and intuitiveness of the software are the most important features. The simple yet elegant design makes navigating the site quite easy.

Nachteile

Realizing that there can be vast amounts of data with long pathways, ideally it would be easier to download all files without renaming any of the files.

Vorteile

The ability to tag other users in outstanding items & exchange comments / notes

Nachteile

At the onset the VDR was a little difficult to user, however once familiar it was very clear / intuitive

Vorteile

Ease of use (navigation); do not require massive training.

Nachteile

None, for my limited use - all desired features were well handled.

Vorteile

Ease of use once features understood. Set up initially by Atlas Technical Consultants Inc. attn: [SENSITIVE CONTENT HIDDEN]. You should contact her for her opinion of the data room ease of use, download process etc.

Nachteile

No negative comment the data room features seem to be easy to use.

Vorteile

Some deal rooms do not allow you to filter by date and this one does which is very convenient.

Nachteile

Sometimes downloading files with their index number can be an issue.

Vorteile

Love being able to preview documents securely without downloading. Has helped a ton in deals with various entities involved in diligence.

Nachteile

While the product was easy to use, I wonder if they can add functionality to show what you have viewed/downloaded in the past. I found myself clicking around a bit not knowing what I had viewed already.

Vorteile

The features most impact are the structures of files and they are use easy.

Nachteile

When files are placed in blocks, we have difficulty downloading them. Sometimes we need to download everything, when we need a single one.

Vorteile

Easy to use, very clear file structure, files are easy to donwload

Nachteile

There are no elements that I can see in that area.

Vorteile

the ease of use and downloading documents.

Nachteile

dual factor authentication. I prefer the option for an email code instead of text message.

Vorteile

User interface is intuitive and easy to navigate - this is important as all competitor products look differently from one another. DealRoom's interface aids in efficiency.

Nachteile

Not offhand - no. It is easy for me to recognize new attachments and updates to the site.

Vorteile

This program works great for our smaller deals and was easy to set up and alter to fit our needs.

Nachteile

Doesn't work well for larger deals with multiple locations.

Vorteile

user friendly, easy to navigate through documents, access can easily be set accordingly to user's needs

Nachteile

None. I can't think of anything at this time

Vorteile

Flexibility for organizing and posting data

Nachteile

Changing structures once initial information has been loaded

Vorteile

The bulk download capabilities, the organization by data room when you are in multiple, and the ability to view documents without downloading them.

Nachteile

There is no feature to sort all documents by upload date so that you can see what is new since you last logged in. Some other data rooms have a feature where you can sort new documents by your last login date or by new documents since a particular date you choose.

Vorteile

I love task tracking feature that is unique to the DealRoom software and the fact that you can control permissions down to the individual file level, but what I like the most about this software is the customer suppport. The CEO personally reads and sometimes responds to customer inquiries and requests for features. Additionally, the customer support team is extremely responsive and works to resolve your issue within 24 to 48 hours.

Nachteile

There are certain features that I would like to see in the group permissions management section, but I have been told the team is already working on it and the new feature should be out in 1-2 weeks!

Vorteile

I like the functionality of the software. There are some very helpful features and the software is very user friendly.

Nachteile

I would like the option to have multiple admins. I would like to be able to customize the software a little bit more.

Vorteile

I like how user friendly the platform is. One of my favorite features is the ability to relabel the documents index order if necessary, unlike most competitors.

Nachteile

I wish it had a Q&A feature similar to most competitors. One other feature I would suggest is the ability to "white label" the platform allowing a more personalized feel (company logo in the corner).

Vorteile

For starters, this company has A+ customer service. Whenever I need help or have issues, they're very quick to help out. Also really love how DealRoom allows all stakeholders in the deal to communicate together in a timely fashion. The ability to track tasks is also a lifesaver--when perusing through hundreds of deals a week, it gets quite hectic without software.

Nachteile

One thing I think the software could improve on is integration with other software (ie Outlook). Also has somewhat of a learning curve, but so do most software products. Very happy overall.

Vorteile

One of the most enticing points of the DealRoom software is the fee structure. Not having to worry about page count is a relief.

Nachteile

Although almost everyone downloads the files to view, the document viewer could be enhanced.

Vorteile

We loved the ability to loop in constituents from a variety of places to see only what they needed to see, as well as the granular level of visibility and control that made monitoring and compliance as pain-free as possible.

Nachteile

There were a few features that would have been great out of the box that weren't available, but our account team was happy to help us develop user-side solutions to accommodate nearly everything we wanted to do.

Vorteile

I like how easy it is to use the dealroom virtual data room. Very easy to search for the files I want to find.

Nachteile

It is sometimes challenging to use DealRoom from my mobile device. A mobile application version would be helpful.

Vorteile

What I liked most was the speed and ease of the bulk download function. Due to the transactional nature of my work, I have used many different data room providers. DealRoom certainly performs in the top range and compares amongst the best. The ability to access and save a bulk download link is particularly useful when my internet connection may be patchy while travelling, and I might require multiple tries to download a file.

Nachteile

The notifications feature could be improved. As my organisation removes the formatting from emails, it would be very useful to have an option to send notifications as text (without html).

Vorteile

the pre-loaded lists to things to choose from, organization and periodization of tasks.

Nachteile

New to it so still struggling to figure it all out. I really dislike that I can't track contacts and follow up prior to getting someone to a possible deal.

Vorteile

Dealroom has multiple features that make it easy to use, including very clear and user friendly interface, drag and drop options, pulling and downloading due diligence list directly

Nachteile

Absence of Microsoft outlook plugin as well as inability to update/track deal marketing progress so you can categorize deals in terms of their status.

Vorteile

The software platform is easy to navigate and use for document reviews and downloads.

Nachteile

Lack of features typically offered by other third-party providers like bulk download, VDR export among others.

Vorteile

Data storage, security and organization features are most important to this user.

Nachteile

I can't think of specific items I would change about this software.

Vorteile

My favorite is the ability to download the data room index and keep folders organized. Organization is key!

Nachteile

There isn't anything I like least about the software.

Vorteile

DealRoom has a lot of good features and is well organized. It is particularly well suited to the due diligence process.

Nachteile

There were a few features that could be improved, such as the lack of automatic notifications for changes to a persons access credentials.

Vorteile

Easy to use. Very user friendly so I find ways to use it.

Nachteile

Clients sometimes go into junk. It can be very helpful though.

Vorteile

Our analyst recently departed I so I had to quickly step into manage the VDR for a client transaction. To my happy surprise, DealRoom was very to use (and very intuitive). I highly recommend the product.

Nachteile

Nothing comes to mind. Perhaps the analytics behind how folks are using the VDR could be enhanced.

Vorteile

The security and ease of use is very helpful. We are able to get potential buyers all of the relevant documents in a concise manner and to track who is reading what documents.

Nachteile

Being used to other virtual data room databases, it takes a bit of time to get up the learning curve on the nuances of DealRoom versus others.

Vorteile

Very easy to use and do admin of your various groups using the data room. I really liked their request tracking feature and the project management capabilities to get all of the due diligence requests completed on time. The support team was fantastic to work with and always answer our questions on a timely basis.

I had worked with the large virtual data room providers in the past and this is a major improvement in functionality and ease of use versus what I was used to.

Nachteile

Nothing meaningful I can add here as I pretty much liked just about everything I got with this software.

Vorteile

Affordable product, practical, it is a good alternative for small-mid sized companies that want to invest in a virtual data room in an M&A context

Nachteile

Ease of use can improve, could be more user-friendly and allow a better response to multiple downloads

Vorteile

I have experience with a few different Virtual Data Room platforms: Merrill DataSite, Donnelly, etc. Most platforms focus only on privacy and functionality at the expense of general user interface. I found Deal Room to be incredibly easy to use, despite having never used it before. This ease of use was greatly augmented by my experience with my customer success manager, who I will describe below.

Nachteile

There was very little not to like. The software did exactly what I needed it to.

Vorteile

Ease of access and download, limit that need for attachment

Nachteile

Sometime hard to navigate. going back and forth should be simplify

Vorteile

It was easy to follow as a user and allowed me to get the information I needed fast.

Nachteile

I have no material cons related to the software.

Vorteile

- setup is simple
- customer service is great
- templates are helpful
-

Nachteile

misses a range of features to make the jump from average to good
missing:
- bookmarking for users to indicate on which document they were
- individual commenting of documents visible for all
- user specific marking of documents for working through the document
- large excel sheets are not possible to view in a good way. Any kind of zoom feature for this format is missing

Vorteile

This software is easy to use and very intuitive. We've had several clients comment about how simple the experience has been so far.

Nachteile

There are no real cons about this product thus far. I have not had any issues using DealRoom since I became a customer.