TrustRadius Insights
DealRoom is a versatile platform that serves as a virtual data room, facilitating secure information sharing between companies and their …
Starting at $1,000 per month
View PricingOverview
What is DealRoom?
DealRoom in Chicago offers their flagship application to support due diligence in data exchange related to deals between organizations and entities (notably mergers and acquisitions) with automation, risk detection via request tracking, easy document location, all under the auspices of…
Recent Reviews
Pricing
Basic
$1000.00
Cloud
per month
Professional
$2000.00
Cloud
per month
Enterprise
Contact sales team
Cloud
Entry-level set up fee?
- No setup fee
For the latest information on pricing, visithttps://dealroom.net/pricing
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Product Details
- About
- Integrations
- Competitors
- Tech Details
- Downloadables
- FAQs
What is DealRoom?
DealRoom promises to create a better M&A experience for you and your client. The vendor says that data storage, diligence tracking, and communication tools are all on one integrated smart platform, which allows users to eliminate duplicate work, track progress and get insightful analytics. The platform aims to make M&A deals more predictable, consistent, and Agile.
DealRoom Features
- Supported: Drag-and-drop capabilities
- Supported: Smart Search
- Supported: Pipeline Management
- Supported: Live-link Documents
- Supported: Progress Reporting
DealRoom Screenshots
DealRoom Videos
Improve your M&A process
Customer Testimony
DealRoom Integrations
- Slack
- SalesForce CRM
DealRoom Competitors
DealRoom Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
| Supported Languages | English |
DealRoom Downloadables
Frequently Asked Questions
DealRoom in Chicago offers their flagship application to support due diligence in data exchange related to deals between organizations and entities (notably mergers and acquisitions) with automation, risk detection via request tracking, easy document location, all under the auspices of compliant and controlled information transaction rules.
The most common users of DealRoom are from Mid-sized Companies (51-1,000 employees).
DealRoom Customer Size Distribution
| Consumers | 0% |
|---|---|
| Small Businesses (1-50 employees) | 40% |
| Mid-Size Companies (51-500 employees) | 60% |
| Enterprises (more than 500 employees) | 0% |
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Reviews and Ratings
(13)
Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- Business Problems Solved
- Pros
- Cons
- Recommendations
DealRoom is a versatile platform that serves as a virtual data room, facilitating secure information sharing between companies and their clients and investors. Users have praised its ability to streamline communication and collaboration across various teams and business units, making it an excellent tool for organization-wide project and task management. It has proven particularly valuable in the context of M&A processes, helping teams from different departments work together effectively towards deadlines.
One of the key use cases for DealRoom is its role in M&A transactions within investment banks. Customers have found it to be a cost-effective and efficient solution for managing data sites during these complex deals. The platform simplifies due diligence processes, saving users time, effort, and money. Clients can securely store and track important documents, allowing them to review and share information for acquisitions or other evaluations.
DealRoom's well-designed downloading features have been highly appreciated by users as they preserve folder structure and file names without any issues. This ensures that documents are easily accessible and organized. Its clean interface and strong analytics have also been highlighted as valuable attributes, especially when working with third-party diligence providers and managing multiple data requests.
Overall, DealRoom has proven to be a trustworthy virtual data room solution that addresses collaboration challenges faced during M&A processes while providing security, efficiency, and effective document management across organizations of all sizes.
Easy to Use: Many users have praised DealRoom for its user-friendly interface and intuitive design, making it easy for them to navigate and utilize the software's features effectively. The simplicity of the interface contributes to a positive user experience, allowing users to quickly adapt to the platform.
Helpful Support Team: Several reviewers have highlighted the exceptional customer support provided by DealRoom's team. Users appreciate their timely response to inquiries and assistance in using the software effectively. The helpful and awesome team at DealRoom ensures that users receive prompt assistance throughout their experience with the software.
Efficient Document Management: The drag-and-drop file upload feature, along with the ability to set permissions for documents, has been commended by many users. They have found this process straightforward, allowing for efficient management and sharing of files within DealRoom. The easy-to-use document management capabilities contribute to improved organization and accountability for users.
Difficult Folder Structure Settings: Some users have found the setting buttons for folder structures to be initially confusing, making it difficult for them to efficiently utilize this feature. They hope that DealRoom can improve the clarity of these settings to enhance user experience.
Lack of Search Filters: Several reviewers have mentioned that the search options in DealRoom lack filters, such as the ability to search by document titles. This limitation hampers their ability to quickly find specific documents within the platform and may slow down their workflow.
Excessive Notifications: A number of users have expressed frustration with receiving too many notifications from DealRoom and feeling uncertain about how to mute them. This influx of notifications can be overwhelming and disrupt their workflow. Users would appreciate a clearer notification management system or an option to customize their notification preferences.
Users have made several recommendations based on their experiences with DealRoom. The most common recommendations are as follows:
-
Try DealRoom: Many users highly recommend giving DealRoom a try. They find it easy to use and navigate, making it a must-try option for various tasks such as fundraising and ongoing investor relations.
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Utilize Customer Support: Users appreciate the great customer support provided by DealRoom. They suggest leveraging this resource for assistance with any questions or issues that may arise during the usage of the platform.
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Consider Security and Data Sharing: Users advise using DealRoom for sensitive data sharing due to its security features. With its thoughtful security measures in place, this platform can be trusted for secure and confidential information sharing.
Overall, users find DealRoom to be a valuable solution that offers ease of use, good customer support, and robust security features for data sharing.
Attribute Ratings
Reviews
(1-1 of 1)Companies can't remove reviews or game the system. Here's why
December 28, 2018
This software was perfect. Extremely easy to use.
Score 10 out of 10
Vetted Review
Verified User
We have been using DealRoom as a virtual data room solution for our company. We stored secure documents and shared between different parties and customers. We have also used their requests feature for internal process management.
- It was easy to use and support helped us a lot with everything. We are extremely pleased with the service they provide. It's very easy to drag and drop files and set permissions for documents. Their requests functionality is also very useful and helped us track process.
- A couple of our team members did not receive invitation letters due to some mail filtering system, but their support guys resolved this issue very fast.
- 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.
We have tried different solutions but DealRoom is the best. Extremely easy to use without any training, btw support answers in chat very fast.
15
Store and share secure documents and files between parties (our clients) and internal task management.
2
No special skills required i think. We had some people with admin permissions who did all the management and support work.
- Upload and share documents between parties
- Manage permissions for internal team parties and clients
- Add tasks, assigning people and track progress
- Nothing unexpected I think, typical usage for project management platforms.
- Probably involve clients in tasks management
No
- Product Features
- Product Usability
- Product Reputation
- Third-party Reviews
Product reputation is the most important factor in our decision. They are not new on market but i have never heard bad things about the company.
Check reviews, news and information about the company. Ask people who have already used the software.
No
Support help is free. We also got help from customer success manager Julia. And it was a free service too.
No
We had several questions with the room setup for our company. So we asked dealroom support for a help in chat and they were very responsive and explained all the things about docs upload and requests template importing.
- Drag & drop files upload and documents management
- Tasks management functions
- Analytics
- Docs viewer search function