Datasite vs. FirmRoom

Merrill DatasiteOne is particularly useful with multi-party due diligence for business development purposes. It is not as necessary for sharing nonconfidential data.

Incentivized

This is a great data room for a simple transaction. It does not offer all of the bells and whistles like some data rooms--but the price point is a fraction of what those data rooms cost. And I think this is a great solution for an M&A project. I'm not sure it would be as good for tracking what users viewed a document or how long--although in all honesty, I didn't see such features. These days, most clients want to try and use Dropbox or Google Docs and I feel that firm room is a far superior solution to those often-used choices and the price point is not very painful and does not decrease the attractiveness of the offering.

• 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)

Incentivized

• Securely Store Documents
• Customizable Permissions
• Organize Files

• 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.

Incentivized

• There is some latency in loading larger documents. So sometimes it wasn't quite as quick as I would have liked.

Very intuitive system, mostly drag and drop. There are ample opportunities for user and admin training with the Merrill staff as well.

Incentivized

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

Incentivized

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.

Incentivized

In expensive cost and simple design. There was basically no onboarding needed and you can sign up for yourself online. Security standards are similar to other M&A data rooms, but pricing is much less expensive. Never have to worry about permissions when adding new users to the virtual data room.

• 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.

Incentivized

• Much less expensive than per page data rooms
• Can view documents quicker with the in-platform viewer
• Almost no training required which saves me time when inviting new users