Deltek Project Information Management vs. FirmRoom

We liked the automation associated with filing e-mails. The ability to search within the body of documents within the platform was also a great feature and very powerful. Unfortunately, the program often hung up and didn't work and we were not aware that it was not functioning until several days went by. As far as the document management piece of the program, our staff found it very clumsy and burdensome. That resulted in them not using the system the way it was intended.

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.

• It was great for e-mail management
• It was useful for the transfer of large documents

Incentivized

• Securely Store Documents
• Customizable Permissions
• Organize Files

• It is not user friendly
• Cloud version is very unstable
• It is very expensive
• It does not integrate with Deltek Vision the way we were told it would

Incentivized

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

When we purchased Deltek PIM we were told that it integrated well with Deltek Vision; however; once we implemented the program we found out that it was only a one-way flow of information. Also Deltek kept turning off various functionality within the program that would have allowed for better integration between the programs

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.

• Cost prohibitive to small firms
• No flexibility for payment terms
• We were tied to a 3 year term on a program that we hated

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