DealRoom

Avantages

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.

Inconvénients

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.

Avantages

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

Inconvénients

It can take 30 min. for support response.

Avantages

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

Inconvénients

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

Avantages

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

Inconvénients

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.

Avantages

Easy to use when coordinating with multiple parties

Inconvénients

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

Avantages

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.

Inconvénients

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.

Avantages

Documents seem to be easily found and easily opened

Inconvénients

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 .

Avantages

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.

Inconvénients

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

Avantages

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

Inconvénients

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

Avantages

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

Inconvénients

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.

Avantages

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.

Inconvénients

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.

Avantages

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.

Inconvénients

- 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.

Avantages

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

Inconvénients

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.

Avantages

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

Inconvénients

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

Avantages

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

Inconvénients

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

Avantages

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.

Inconvénients

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

Avantages

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

Inconvénients

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

Avantages

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

Inconvénients

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.

Avantages

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

Inconvénients

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

Avantages

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

Inconvénients

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

Avantages

the ease of use and downloading documents.

Inconvénients

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

Avantages

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.

Inconvénients

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

Avantages

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

Inconvénients

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

Avantages

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

Inconvénients

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

Avantages

Flexibility for organizing and posting data

Inconvénients

Changing structures once initial information has been loaded