What users are saying about
14 Ratings
9 Ratings
14 Ratings
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Score 8.5 out of 100
9 Ratings
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Score 7.6 out of 100

Feature Set Ratings

    Project Management

    DealRoom

    Feature Set Not Supported
    N/A
    8.2

    HighQ

    82%
    Thomson Reuters HighQ ranks higher in 6/6 features

    Task Management

    N/A
    0 Ratings
    8.0
    80%
    1 Rating

    Scheduling

    N/A
    0 Ratings
    8.0
    80%
    1 Rating

    Workflow Automation

    N/A
    0 Ratings
    9.0
    90%
    1 Rating

    Mobile Access

    N/A
    0 Ratings
    9.3
    93%
    2 Ratings

    Search

    N/A
    0 Ratings
    9.6
    96%
    2 Ratings

    Visual planning tools

    N/A
    0 Ratings
    5.0
    50%
    1 Rating

    Communication

    DealRoom

    Feature Set Not Supported
    N/A
    8.6

    HighQ

    86%
    Thomson Reuters HighQ ranks higher in 5/5 features

    Chat

    N/A
    0 Ratings
    9.0
    90%
    1 Rating

    Notifications

    N/A
    0 Ratings
    9.0
    90%
    2 Ratings

    Discussions

    N/A
    0 Ratings
    9.0
    90%
    1 Rating

    Surveys

    N/A
    0 Ratings
    6.0
    60%
    1 Rating

    Internal knowledgebase

    N/A
    0 Ratings
    10.0
    100%
    1 Rating

    File Sharing & Management

    DealRoom

    Feature Set Not Supported
    N/A
    9.4

    HighQ

    94%
    Thomson Reuters HighQ ranks higher in 6/6 features

    Versioning

    N/A
    0 Ratings
    10.0
    100%
    1 Rating

    Video files

    N/A
    0 Ratings
    9.0
    90%
    1 Rating

    Audio files

    N/A
    0 Ratings
    9.0
    90%
    1 Rating

    Document collaboration

    N/A
    0 Ratings
    9.2
    92%
    2 Ratings

    Access control

    N/A
    0 Ratings
    9.2
    92%
    2 Ratings

    Advanced security features

    N/A
    0 Ratings
    10.0
    100%
    2 Ratings

    Attribute Ratings

    • Thomson Reuters HighQ is rated higher in 2 areas: Likelihood to Recommend, Support Rating

    Likelihood to Recommend

    8.9

    DealRoom

    89%
    11 Ratings
    9.2

    HighQ

    92%
    2 Ratings

    Likelihood to Renew

    9.1

    DealRoom

    91%
    1 Rating

    HighQ

    N/A
    0 Ratings

    Usability

    9.1

    DealRoom

    91%
    1 Rating

    HighQ

    N/A
    0 Ratings

    Support Rating

    9.1

    DealRoom

    91%
    2 Ratings
    10.0

    HighQ

    100%
    2 Ratings

    Likelihood to Recommend

    DealRoom

    Well suited for projects where a large number of files need to be securely exchanged with clients. Not very suitable if the engagement does not involve heavy data exchange. We have used it in multiple M&A and due diligence projects and it works like a charm. I strongly recommend DealRoom
    Read full review

    Thomson Reuters

    HighQ Collaborate is well suited to situations where a law firm maintains numerous documents for a client and the client needs access to them on a regular basis. For example, we may store the client's minute book (which is relatively common for a large corporate law firm to do), but the client may need access to documents in that minute book on a regular basis. Likewise, we have an internal system at the firm for hosting digital versions of closing books, however, many clients would not have a similar system because they would only receive closing books irregularly. USBs get lost and the client might not want to put the closing book on the main server where anyone can access it. By putting the closing book on the extranet site, the individuals in the client's organization who should be able to access the closing book can do so.
    Read full review

    Pros

    DealRoom

    • 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.
    Read full review

    Thomson Reuters

    • Document sharing. This product makes it easy to upload, review and organize documents related to a particular project or matter.
    • Permissions. Collaborate allows very granular permissions to be assigned for shared documents and administrative activities such as workflows.
    • Reliability. The product is cloud-based and rarely, if ever, unavailable.
    Read full review

    Cons

    DealRoom

    • 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.
    Read full review

    Thomson Reuters

    • It is just not that exciting. We host documents on there for clients but the extranet sites have ultimately turned out to not be a product that our clients are clamoring for or that we are regularly pushing.
    Read full review

    Pricing Details

    DealRoom

    Starting Price

    $0

    Editions & Modules

    DealRoom editions and modules pricing
    EditionModules
    Basic$1000.001
    Professional$2000.002
    EnterpriseContact sales team3

    Offerings

    Free Trial
    Free/Freemium Version
    Premium Consulting/Integration Services

    Entry-level set up fee?

    No setup fee

    Additional Details

    We have additional pricing available. Teams can also pay a one-time flat rate. All pricing plans include unlimited users, unlimited data, and no overage fees.

    HighQ

    Starting Price

    Editions & Modules

    HighQ editions and modules pricing
    EditionModules

    Footnotes

      Offerings

      Free Trial
      Free/Freemium Version
      Premium Consulting/Integration Services

      Entry-level set up fee?

      No setup fee

      Additional Details

      Likelihood to Renew

      DealRoom

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

      Thomson Reuters

      No answers on this topic

      Usability

      DealRoom

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

      Thomson Reuters

      No answers on this topic

      Support Rating

      DealRoom

      Support is very friendly and answers fast.
      Read full review

      Thomson Reuters

      The interface is easy to use and overall the software seems pretty robust (I haven't had any crashes yet), so I haven't had to use the support very often. Likewise, I don't think I've ever had a client e-mail me with questions or issues - the software is pretty idiot-proof.
      Read full review

      Alternatives Considered

      DealRoom

      DealRoom provides a superior product. We select DealRoom for most of our engagements mostly due to the advanced Due Diligence capabilities that it provides. However, the ease of use, speed, and simplicity of the product are also factors that inspire us to choose DealRoom as our "go-to" provider.
      Read full review

      Thomson Reuters

      I feel that HighQ does not really have any real competition in this space because it simply accomplishes its goals far better than the competition at lower cost, while requiring less training and administration.
      Read full review

      Return on Investment

      DealRoom

      • 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.
      Read full review

      Thomson Reuters

      • Permits fairly simple administration by a single person for hundreds of Extranets
      • One shop stopping for reliable, secure document sharing and signing with external parties
      • Simple enough to use that internal and external users do not need training to take advantage of the product.
      Read full review

      Screenshots

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