DealRoom Reviews

I think this is a good application, It is a really easy tool to use and I think its at least worth a try.

I liked that there was a free trial for people to try, although the price is a bit steep I think it is worth it. The interface is very easy and it does what its supposed to do without the added unnecessary things.

The only thing that I wish was that it was a bit cheaper for me to actually get but the free trial was worth the discovery.

It has a very simple interface and easy to use for casual users like me. You can understand everything inside.

Dealroom is very easy to use. I can only see what I need to see because of the permissibility feature, so I get in, do my thing, and get out. Everything is easy to understand and that really speeds up the process of deals. No more waiting for files on Emails and cross-functional collaboration. Every file is just uploaded here and it works great.

Too restrictive. I can’t see other files other than the ones permitted by the admin.

Amazing product with great support. Fully recommend it if cost is not an issue (although a good selling point is that it can help you close a deal faster so it pays for itself).

-Al the features to manage an entire deal, integration, and deals pipeline
-The security it offers is only matched by a handful of other software, but without all the features
-Easy to use
-Support is amazing

-The price is high
-Matching data room folders and requests take some time

A great product that I would recommend to other attorneys. It is easy to navigate and allows me to work efficiently and effectively, bring value to my client.

The Deal Room product has been exceptional to work with. The access, document set up (i.e., folders), downloading capability and, very importantly, ease with which I have been able to move from folder to folder and document to document, have made my diligence review proceed with ease ("EESS").

The only thing that was a little challenging was viewing excel spreadsheets that had many columns. The work around, however, was EESSy because of the EESS with which I was able to download the document and read it locally on my computer.

Excellent platform and service, and I have been using virtual data rooms for 25 years as an M&A banker.

Ease of use, speed of upload, speed of retrieval, and the timeliness of the email notification feature.

I can't say that there is anything that I found to be a con!

Overall, I really enjoy the platform. I can easily transition between deals and structure files in a clean, organized fashion.

It has a very simple setup that makes it very easy to use and understandable for clients who aren't familiar with the M&A process.

You should be able to change the name of a room after creating it.

Overall, I believe it to be a great product to use in our corporation since we have so many acquisitions going on at once.

Able to see all tasks that are going on in one place and also see items that are assigned to me with more ease.

I receive way too many email alerts and I stop to view if it pertains to me.

Overall, I have had a very positive experience using DealRoom to manage the due diligence process.

DealRoom is an excellent resource for organizing and managing the due diligence process. I use it principally for M&A transactions, where it's important to make large volumes of documents readily accessible and also to carefully restrict access. DealRoom handles both tasks very well.

The user interface could be improved to enable more drag and drop functionality.

Overall a good experience without incident. No major drama and design is intuitive and if you get sideways it prompts you back in line.

As a first time user I found it easy and intuitive to use.

No clutter, features easily found and no nonsense design.

Actually, as a first time user I do not have negatives.

It's ok. Nothing to brag about but works the way it is advertised. Easy interface and lots of support options.

Does what it advertised for. I don't often use it but it's a basic program that can be picked up quickly.

The icons can be a little bigger. Would make it easier to see.

Great product for a great price. Minimizes the amount of emails my team sends back and forth and support team is very helpful during the set up.

Has a lot of different capabilities as far as use cases. Makes project management a lot more streamlined.

None so far. My team uses it everyday and we have yet to run into any issues.

Great overall experience with no real drawbacks...allows for collaboration between teams while maintaining security.

Ease of use while several people have access to all files needed to run the business correctly and efficiently.

None....the program works as promised and as needed.

Overall, the experience using DataRoom was great. It brought everyone together, even people outside of the company when executing large projects.

The Data Room platform is easy to use. Uploading large files only takes seconds. Data Room was very helpful in organizing the various takes and allowing for progressive interaction with multiple individuals being assigned tasks.

When using multiple folders its a little confusing at first to see where files get uploaded to the task and the folders at the same time.

Pleased with my experience, also the customer service is quick to respond and help answer any questions.

The software is user friendly, has a short adoption curve, and makes managing our deals throughout the entire process easier.

Have had no issues with the software yet, it has been a good experience so far.

Extremely useful platform to manage and collaborate on M&A deals, and to keep track of the required documentation.

Coming from a project management background, I found this platform extremely easy to use. Well structured, and easy to navigate. It's a good guide even for those new to M&A.

The pricing is archaic. But then, I believe the target won't find the pricing inhibiting.

Wonderful experience. I would definitely use this platform on my next acquisition!

DealRoom is an amazing tool for data sharing, documentation review and decision-making throughout the acquisitions process. It allows multiple leaders to make independent decision that collectively yield Go/No-Go scenarios. It's intuitive and easy to use and beats any other platform in the acquisitions game.

Perhaps there could be more of a project management, GANTT interface for tasking items and tracking items across time.

It's a great tool, but it needs work and more predictability. Clients would occasionally complain about not being able to see something, but when it did work, it worked very effectively.

Importing requests is quite easy with the excel feature and it's nice being able to control who can see what.

The excel feature could use some work. If I imported an excel sheet it was a 50/50 chance of it actually working.

Great platform and all the users I’ve had use it as well have positive feedback. Search feature and flexibility make it superior to many other competitors.

- Easy to use, low barrier to entry for new users
- Flexibility with some used creation
- Search feature is AMAZING

Downloading documents tied to requests isn’t as easy as I’d hoped. Not a big deal thought and pros definitely outweigh this con. Also pretty expensive.

My overall experience with Deal Room is positive. Deal Room provides an effective virtual data room for the deals that I am on.

Easy to use and works well for downloading several files at the same time. User interface is intuitive.

Viewing the file in browser is slow and the search function is slow.

I would recommend the DealRoom to anyone in need of this type of service. Excellent quality, would definitely recommend!

I found that navigating the DealRoom was very user friendly. A great deal of training is not needed to get started.

I did not experience any cons since I have been using DealRoom.