Datasite Diligence Virtual Data Room vs. DealRoom

Datasite is well suited for organizing large quantities of a variety of documents into folders. It is not as well suited for Xcel, which generally requires downloading in order to review, but there are quick preview options for Word and PDF items.

Incentivized

In my experience, I found it to be great for project and task management. When something comes up for me to work on, I am assigned a task with all of the necessary information, e.g. resources, description, and urgency. I work remotely so it has made staying connected and informed easy and efficient

• Quick preview of document content is something I love! It lets me decide whether the file is relevant to our purposes or not instantly.
• Navigating through the folders is also very easy, and the website is also responsive without any lag/stutter.
• Although I don't use the feature due to confidentiality reasons, quick translate option is a really great addition to the tool.
• Many datarooms can only show excel documents as PDFs for a quick preview. I like the way Datasite Diligence Virtual Data Room has Excel online handler to view the file. This is so helpful!

Incentivized

• Fixed cost pricing is unique and refreshing. Saves headache and worry throughout the process and with the client.
• Internal Diligence Tracking through the requests feature is a game-changer. Prevents inefficient excel trackers and unnecessary emails throughout the process.
• GUI and interface are clean and easy to use.
• Customer support and response to inquires is timely and helpful.

• Ability to follow-up to closed Q&A answers without creating new question (i.e. seller marked Q&A as closed when it doesn't address your request)
• Links to Q&A response notification emails do not work from the PC, they only work from the mobile app
• Ability to download PDF files from mobile app

Incentivized

• DealRoom doesn't currently have an option for automatic weekly user analytics. I hope to see this feature implemented soon.
• The software is easy to use, as mentioned before, however, utilizing the setting buttons for folder structures can be difficult to understand at first.

It is my go to data room provider and I am super comfortable using it. I don't think I would want to use anything else since I can't trust them like I can trust Datasite

Incentivized

DealRoom is very easy to use and has a clear interface and all the features we needed.

Tough to figure out at first but after using the platform for some time, you can get used to Datasite Diligence Virtual Data Room pretty quickly. Would be great to have more of a tutorial up front to better be able to navigate the software, especially starting off as the data dealt with is sensitive.

It was the most intuitive data room platform that i used in my work

Great customer service and prompt responses to requests.

Incentivized

Files download and upload very quickly.

Incentivized

Customer service has always solved my issues in a relatively short period of time.

Incentivized

Support is very friendly and answers fast.

Excellent product and resource.

Incentivized

I think Intralinks is the closest competitor. Relative to the rest of the providers (outside of Intralinks), Datasite Diligence Virtual Data Room is easier to use and more reliable.

Incentivized

DealRoom has a much better interface and a much faster download features. While most VDRs have the same features, the little improvements in UX and navigation go a long way to ensure that the users are happy and their time is saved. I didn't really select DealRoom. It was the Firm's decision

Incentivized

There is a bulk download, and it appears there is a bulk upload which makes it easier to get multiple files onto the platform when needed.

Incentivized

• Allows my organization to quickly identify new data that has been uploaded in order to quickly communicate status to clients.
• No limits on number of files or file sizes which make it a great tool for any deal, large or small.

Incentivized

• It helped us manage documents and share info between our firm and the potential investors and clients. And also helped to manage internal processes and keep an eye on everything in the company.