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DealRoom

Score8.1 out of 10

13 Reviews and Ratings

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What is DealRoom?

DealRoom in Chicago offers their flagship application to support due diligence in data exchange related to deals between organizations and entities (notably mergers and acquisitions) with automation, risk detection via request tracking, easy document location, all under the auspices of compliant and controlled information transaction rules.

Categories & Use Cases

Reviews

What users are saying about DealRoom.
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M&A Use of DealRoom

Incentivized
Iñaki Irigoyen
Director of Legal & Compliance in Legal at Exagen Inc. (51-200 employees employees)

Pros

  • navigation
  • cooperation
  • focused vs. global notes

Cons

  • Honestly I don't find that any of it is hard to use
  • I can see it being modified to serve as a contract lifecycle management tool

Return on Investment

  • Deadline management
  • Collaboration and re-collaboration if an item is opened back up
  • Asset evaluation on a granular scale

The Best VDR Provider!

Jessica CasaleView profile
Sales Representative at Inspire (201-500 employees employees)

Pros

  • Super intuitive and easy to use
  • Helps tremendously with organization and accountability
  • Awesome and helpful team!

Cons

  • I haven't run into any major issues yet!

Return on Investment

  • Keeps projects organized
  • Security features give peace of mind that information will not be stolen
  • Helps streamline communication
  • Increased collaboration

Satisfied DealRoom Customer!

Andrea HochView profile
Intern in Marketing at AIR Asset Management (1-10 employees employees)

Pros

  • DealRoom does an excellent job of providing training to new users.
  • The software is easy to use, yet sophisticated.

Cons

  • 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.

Return on Investment

  • It has made sharing information easy and professional.

Other Software Used

monday, Box

Comprehensive, user-friendly M&A software

Verified User
Executive in Finance and Accounting (51-200 employees employees)

Pros

  • Eliminates redundancy and streamlines assignments
  • Crucial documents are not only safely stored but also trackable
  • User-friendly and intuitive software that just looks good

Cons

  • Support staff was responsive and flexible in meeting concerns
  • Any issues were resolved quickly

Most Important Features

  • User-friendly interface
  • Responsive support staff
  • Overall company culture

Return on Investment

  • Improved efficiency and communication
  • No duplicate documents or outdated information

Other Software Used

Microsoft Teams, Skype for Business (formerly Lync), now part of Microsoft Teams, Adobe Illustrator CC

DealRoom is one of the top VDR providers out there !

Incentivized
Verified User
Consultant in Information Technology (10,001+ employees employees)

Pros

  • Folder Structure is easy to navigate. Interface refreshes only when you need it to. Saves time
  • Finding latest uploaded documents is very easy
  • Can print out folder index very easily
  • Download packaging is well designed and is generally faster than other VDRs

Cons

  • I would like a drag and drop interface for printing out folder structure. It is just easy to do it on your own rather than using the default option
  • Preview feature for documents should be available. Saves a ton of time !
  • Ask me to download if I am clicking on a link. Do not start download immediately

Return on Investment

  • We have managed to deliver engagements smoothly. Can't quantify ROI as such

Alternatives Considered

Intralinks, Firmex Virtual Data Room, Datasite (formerly DatasiteOne and from Merrill)

Other Software Used

Firmex Virtual Data Room, Intralinks, Datasite (formerly DatasiteOne, from Merrill)

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