ContractZen vs. Datasite Diligence Virtual Data Room

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
ContractZen
Score 9.4 out of 10
N/A
Secure corporate governance software for advanced contract management, board management, entity management, eSignatures, and virtual data rooms (VDR). Saved and discoverable contracts with automatic reminders Securely shared meeting materials and electronically signed minutes Visualized organizational structure with ownership chart and signatory rights Automatically organized files and easily managed access rights in due…
$9.50
per month per user
Datasite Diligence Virtual Data Room
Score 10.0 out of 10
N/A
Datasite Diligence is a sell-side virtual data room offering rigorous security and seamless collaboration. Users can categorize and redact with AI, track tasks, answer questions, and analyze progress.N/A
Pricing
ContractZenDatasite Diligence Virtual Data Room
Editions & Modules
ContractZen
$9.50
per month per user
No answers on this topic
Offerings
Pricing Offerings
ContractZenDatasite Diligence Virtual Data Room
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeRequired
Additional Details
More Pricing Information
Community Pulse
ContractZenDatasite Diligence Virtual Data Room
Top Pros
Top Cons
Features
ContractZenDatasite Diligence Virtual Data Room
Contract Monitoring
Comparison of Contract Monitoring features of Product A and Product B
ContractZen
8.3
3 Ratings
2% below category average
Datasite Diligence Virtual Data Room
-
Ratings
Contract database9.73 Ratings00 Ratings
Contract search9.43 Ratings00 Ratings
Contract milestone reminders & alerts9.03 Ratings00 Ratings
Custom contract reports5.33 Ratings00 Ratings
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User Ratings
ContractZenDatasite Diligence Virtual Data Room
Likelihood to Recommend
9.4
(5 ratings)
10.0
(4 ratings)
Likelihood to Renew
9.1
(1 ratings)
-
(0 ratings)
Usability
9.7
(4 ratings)
10.0
(2 ratings)
Support Rating
9.3
(4 ratings)
7.0
(1 ratings)
Implementation Rating
9.1
(1 ratings)
-
(0 ratings)
User Testimonials
ContractZenDatasite Diligence Virtual Data Room
Likelihood to Recommend
ContractZen
ContractZen is perfect for small and medium business where the use case is to manage contracts, get alerts, and track details about contract. ContractZen has other features such as meeting management, eSignatures etc. We focus primarily on contract management and are pleased with it. ContractZen has a lot of competition and many competitors have a full contract lifecycle, which is desirable in large companies. ContractZen does not have a full contract lifecycle process. Full contract lifecycle will have request for comments/proposals, NDA, quotes, implementation proposals etc. go through multiple people, multiple layers of approval etc. and different triggers in the contract would generate different tasks for staff to manage the contract till the contract expires. Large and complex companies have needs that ContractZen may not be suitable for
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Datasite
Merrill DatasiteOne is particularly useful with multi-party due diligence for business development purposes. It is not as necessary for sharing nonconfidential data.
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Pros
ContractZen
  • The easy storage of contracts is important. Easier than a shared hard drive folder or a jointly administered Excel sheet, both of which we tried to use in the past.
  • The alerts of key contract dates is crucial. Knowing what needs to be terminated or at least considered has saved us money.
  • Simple signing of contracts electronically has saved us money in getting from an agreed to contract to a signed one in minutes.
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Datasite
  • 24/7 help desk is the top differentiator. Every help desk agent I've interacted with has really known the product end to end.
  • Cross-platform compatible with no plug-ins, software downloads needed.
  • Beautiful UI, looks very professional
  • Reporting at the page level (with timestamps)
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Cons
ContractZen
  • I would like one view of entire client history.
  • It would be nice to put the client information in once and then simply add on contract extensions in the same folder.
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Datasite
  • Frankly, I can't think of any missing features or things that need to be improved. From the perspective of the user who is reviewing documents, it works quite well.
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Likelihood to Renew
ContractZen
The inexpensive ContractZen saves time and money and is a joy to use
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Datasite
No answers on this topic
Usability
ContractZen
Very user friendly
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Datasite
Very intuitive system, mostly drag and drop. There are ample opportunities for user and admin training with the Merrill staff as well.
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Support Rating
ContractZen
The best part about ContractZen is that I needed no support. I had a couple questions in the last 2 years which were answered accurately within hours. Everything has worked as expected.
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Datasite
Customer service has always solved my issues in a relatively short period of time.
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Implementation Rating
ContractZen
The capture of the new contracts is more important than the old contracts, somewhat counterintuitively. Once you start saving time using the electronic signing and retrieval, adding old material is easier. Old material additions fit our annual schedule as we've done them during periods of less administrative work.
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Datasite
No answers on this topic
Alternatives Considered
ContractZen
ContractZen is true value for the money and far more simpler than more advanced systems
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Datasite
I prefer Firmex. They have a strong search function and a user interface that makes it easy to identify new documents. Merrill is robust and offers the same basic tools, but I find its interface less intuitive.
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Return on Investment
ContractZen
  • Easier to manage contracts.
  • More contracts are being renewed on a timely basis.
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Datasite
  • Merrill DatasiteOne has had a positive impact by allowing us to review large amounts of documents under tight timelines.
  • Really it is just a tool to serve the larger business objective of completing due diligence for our clients.
  • I don't think I've ever had a negative experience when the target has elected to use Merrill DatasiteOne for their datasite.
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ScreenShots

ContractZen Screenshots

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Datasite Diligence Virtual Data Room Screenshots

Screenshot of Mobile - To keep things moving while on the goScreenshot of Analytics - For tracking deal progress from every angleScreenshot of Q&A - Bringing order to a cumbersome processScreenshot of Redaction - For redacting (and unredacting) with confidenceScreenshot of Search / Artificial Intelligence (AI) - Transforms data into actionable informationScreenshot of Trackers - Consolidate Excel checklists