Works great for Deals
October 17, 2025

Works great for Deals

Anonymous | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User

Software Version

Standard

Overall Satisfaction with Progress ShareFile

We use Progress ShareFile to store Closing Books after completion of an M&A transaction internally and with shared accounts with our clients. We also use ShareFile to upload and then to distribute Closing Books after completion of an M&A transaction when ZipFile distribution is too large to send in an email to specific recipients.

Pros

  • User friendly
  • Provides option to send via email or in a link
  • Easy to change the authorized recipients

Cons

  • Keep the links available forever without an expiration
  • Allow users to access a link without registration
There are a few features that are not available for use so it can be confusing and some items that require a dropdown function that should be more readily available on the page.
  • Saves time instead of loading documents onto a flash drive and distributing manually.
  • Provides secure messaging for personal documents or documents with protected information for client confidentiality.
I am not able to assess this item.
We have not utilized Progress ShareFile for managing client interactions but we do upload Closing Books from M&A transactions into ShareFile to store there within shared folders with our clients. This allows us to manage the documents and is efficient for the client to access them without concern of losing them.
We do not utilize the E-Signature portion of ShareFile but we do send out secure messages with personal documents and protected information. It is very simple to utilize both personally and professionally to avoid any concerns of hacking or leakage of information.
Progress ShareFile is the option which my employer selected which I have free access to. The other platforms that I have utilized are in connection with an M&A transaction that a client or advisor has engaged for the transaction. ShareFile is simple to use for its options but is not as helpful for data room storage.

Do you think Progress ShareFile delivers good value for the price?

Yes

Are you happy with Progress ShareFile's feature set?

Yes

Did Progress ShareFile live up to sales and marketing promises?

I wasn't involved with the selection/purchase process

Did implementation of Progress ShareFile go as expected?

I wasn't involved with the implementation phase

Would you buy Progress ShareFile again?

Yes

Progress ShareFile is well-suited for distributing a large volume of documents that would not otherwise fit in an email or for secure messaging options. ShareFile is not as appropriate or user friendly to utilize as a data room for an M&A transaction because it does not have as many tools as other options.

Progress ShareFile Feature Ratings

File Sharing & Management
8.3
Versioning
9
Video files
Not Rated
Audio files
Not Rated
Document collaboration
7
Access control
9
File search
8
Device sync
Not Rated
Cloud Storage Security & Administration
9.0
User and role management
9
File organization
9
Device management
Not Rated
Cloud Storage Platform
9.0
Performance
9
Reliability
9
Storage Reports
Not Rated

Comments

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