DealRoom Reviews & Product Details

DealRoom Overview

What is DealRoom?

The lack of integration between virtual data rooms, spreadsheets and email used in due diligence management is highly inefficient. DealRoom is an integrated due diligence management platform that combines a secure virtual data room with communication and project management tools, reducing the time spent on due diligence by 25-40%.

DealRoom Details
Website
Languages Supported
English
Product Description

DealRoom is a tool that centralizes transaction data and diligence requests without the need for spreadsheet trackers and unsecure email threads.

How do you position yourself against your competitors?

Today's standalone virtual data rooms are little more than online storage. Lacking integration with spreadsheet-based request trackers and communication tools, users are tasked with excessive copying and pasting, application switching and other repetitive, low-value work. The need to send highly-sensitive spreadsheets via email is a security risk. Per-page pricing models are exorbitantly expensive.

Within DealRoom, all due diligence operations take place in a secure, easy-to-use Web-based platform. Requests are directly linked to documents, eliminating the need for spreadsheets and manual searches. Comments are directly linked to documents and requests for streamlined communication. And with activity in the same platform, DealRoom can derive project analytic data that is not available when standalone data rooms are used. DealRoom also features machine learning to reduce repetitive tasks and robust APIs for CRM and compliance tool integration. Best of all, DealRoom's flat-rate pricing results in fewer unpleasant surprises for you and your clients.


Seller Details
Seller
DealRoom
Company Website
Year Founded
2012
HQ Location
Chicago, IL
LinkedIn® Page
www.linkedin.com
14 employees on LinkedIn®

Overview Provided by:
CEO at Day1
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DealRoom Reviews

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UC
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

Easy to use and log in, able to register and save username and password. Easy to download and view documents in folders. Review collected by and hosted on G2.com.

What do you dislike?

Sometimes the links or emails to access get lost in my spam filter. Need to look for them specifically. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Access secure documents for a file. Security as well as ability to view and download many documents. Review collected by and hosted on G2.com.

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Founder & CEO
Information Technology and Services
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Invitation from G2 on behalf of the seller
Open Discussions in DealRoom
Chartered Accountant
Financial Services
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

Simple to use, with great screen nearness and run of the mill structure. The association and usability makes it easy to use. This was natural, and simple to simply step directly into. I had no issues, aside from not figuring out how to move records into a transfer line. The inquiry work, when endeavoring to transfer was great. It was not all that not the same as the "standard" that it was hard to make sense of. Review collected by and hosted on G2.com.

What do you dislike?

I didn't see an approach to move documents for transfer. Other than that, the association and convenience makes it easy to use. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Great item. Still has opportunity to get better, however lovely darn great the manner in which it is. I didn't have to utilize any help. This was instinctive, and simple to simply step directly into. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Providing reports to individuals asking for them in a safe design. Simple to adapt, simple to utilize. We didn't choose, yet were approached to utilize this by somebody doing some work for us. Our industry, producing, isn't recorded in your rundown of businesses. I believe is ought to be. This was natural, and simple to simply step directly into Review collected by and hosted on G2.com.

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Product Manager
Computer Software
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

Extremely easy to use and has a great screen presence. One of the aspects which makes highly intuitive is its organization and its upload queue.

Review collected by and hosted on G2.com.

What do you dislike?

Drag and drop files for upload and it does not cover all the industries.

Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

It is used for documents transfer in a safe and secure manner. Moreover we were testing this but did not buy the tool. Review collected by and hosted on G2.com.

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Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2 on behalf of the seller
What do you like best?

Easy to use, with good screen presence and typical structure. The organization and ease of use makes it user friendly. This was intuitive, and easy to just step right into. I had no problems, except for not finding a way to drag and drop files into an upload queue. The search function, when trying to upload was good. It was not so different from the "norm" that it was difficult to figure out. Review collected by and hosted on G2.com.

What do you dislike?

I didn't see a way to drag and drop files for upload. Other than that, the organization and ease of use makes it user friendly. Our industry, manufacturing, is not listed in your list of industries. I think is should be. This was intuitive, and easy to just step right into. I had no problems, except for not finding a way to drag and drop files into an upload queue. The search function, when trying to upload was good. It was not so different from the "norm" that it was difficult to figure out. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Good product. Still has room for improvement, but pretty darn good the way it is. I didn't need to use any support. This was intuitive, and easy to just step right into. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Supplying documents to people requesting them in a secure fashion. Easy to learn, easy to use. We did not select, but were asked to use this by someone doing some work for us. Our industry, manufacturing, is not listed in your list of industries. I think is should be. This was intuitive, and easy to just step right into Review collected by and hosted on G2.com.

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Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2 on behalf of the seller
What do you like best?

Option to upload your due diligence excel directly to the dealroom and the dealroom converts it into actionable items with direct upload options. I also like the analytics like where you can track the dealroom activity and then the option to assign tasks which is pretty cool. It is also important that you receive email notification for every activity in the dealroom Review collected by and hosted on G2.com.

What do you dislike?

missing notifications to other platforms (sms notification may be). Even though I selected 'remember my details' options but it keeps asking for login, everytime I open my browser which is annoying. Especially when you are using multiple platforms for work purposes it is difficult to remember passwords for all the platforms. So would be great if you could fix the bug. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

I think you should definitely consider dealroom especially because its fresh in terms of its technology and is a very smart platform with number of tasks automated. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Managing different investor groups and permissions is easy which is helpful when we are doing investor outreach Review collected by and hosted on G2.com.

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CA
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

Ease of interface and multiple uploads/downloads at once Review collected by and hosted on G2.com.

What do you dislike?

The brand recognition is less than that of other players in the industry. The big 3 (Intralinks, RR Donnley, Merrill Datasite) are much more respected by Bankers are more secure, whether or not that is actually true, that is the perception Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Easy use and cheaper than some of the larger players Intralinks, Merrill, RR Donnelly Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

project management specifically in the M&A space and performing due dilligence Review collected by and hosted on G2.com.

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UF
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2 on behalf of the seller
What do you like best?

I like the organization features of dealroom, including the request feature and the ability to upload documents/responses to each request and mark the progress of each request. This is very helpful when having to track the progress of multiple requests and alleviates the need for a separate request list. Review collected by and hosted on G2.com.

What do you dislike?

The only dislike I can think of was an issue that we encountered where one of the folders got temporarily removed from the dealroom and when it was added back, the file references were slightly different (i.e. 2.1.2.2 vs. 2.2.2.2), which caused some extra work to rename the file references in some of our schedules. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Dealroom provides us the ability to have one database to track the progress of requests and the ability to see uploaded files or responses for each request, which saves a lot of time since you do not have to track down what certain files are for that have been uploaded. Review collected by and hosted on G2.com.

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Managing Director
Management Consulting
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2 on behalf of the seller
What do you like best?

Uploading function was very easy to use. Review collected by and hosted on G2.com.

What do you dislike?

It is not straight forward to track and understand the time and areas that have been visited by the various groups that have been assigned access to the VDR. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Julia Rollins has made the transition very easy. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

We are utilizing DealRoom to market a business for sale within a Section 363 bankruptcy sale process. DealRoom as a VDR has been easy to use and navigate by clients. Review collected by and hosted on G2.com.

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Investment Banking
Financial Services
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best?

I have used a lot of virtual data room software in the past and Deal Room offers an extremely intuitive platform that is very easy to use. It has all the features I would need in a data room provider at a very competitive price point. The customer service and client support team are great and very easy to work with. Both Kison and Julia are extremely responsive and helpful. It is a highly dependable platform that I would highly recommend. Review collected by and hosted on G2.com.

What do you dislike?

There is nothing to dislike at the moment Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Leverage the advanced features of the platform and use Julia and the rest of the customer support team for help as they are very responsive. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

We use Deal Room to securely share files during an M&A transaction. Large volumes of files need to be shared in a secure, transparent manner, and Deal Room accomplishes this with ease. Review collected by and hosted on G2.com.

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UF
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best?

The Requests functionality has proven to be very helpful during pre-launch data room preparation. Normally we would work through data room preparation by exchanging an excel tracker back and forth with our client management team. With DealRoom, we haven’t had to exchange an excel tracker even once. Review collected by and hosted on G2.com.

What do you dislike?

There are a lot of email alerts. There is a setting to change this but I am also paranoid of missing any updates so I leave it as-is. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Tell your client management team to use the Requests functionality at project commencememnt. Agree on a specific posting / commenting process with them upfront and walk them through the functionality. A little bit of communication and coaching upfront goes a long way. Our client management team has picked it up very well and feel comfortable using Requests. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Inefficient communication via Excel trackers and email. By housing this within the data room itself, you streamline communication and increase efficiency. This has resulted in one of the fastest build-outs of a data room that I have seen so far. Review collected by and hosted on G2.com.

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AC
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2 on behalf of the seller
What do you like best?

I liked how easily I was able to see what was still needed from our team and where each item was in the process. Review collected by and hosted on G2.com.

What do you dislike?

Personally, I did not love how much white space is on each page. Maybe that is just because of how we are using the system. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Very easy to use and track progress. Clean cut layout, easy to navigate. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

It is a great way to collaborate with individuals outside our company and collect all pertinent information regarding sensitive business transactions. Review collected by and hosted on G2.com.

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Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2 on behalf of the seller
What do you like best?

Request list organization for new engagements Review collected by and hosted on G2.com.

What do you dislike?

Not being able to import whole folders into dealroom Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Use their customer service Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Due diligence requests for our transactions has become an efficient process for Auctus. We as a firm have realized great time efficiencies. Review collected by and hosted on G2.com.

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Investment Banking Analyst
Financial Services
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best?

What has stuck out most to me is the responsiveness and overall care the DealRoom team has shown in addressing any issues or concerns as they may arise. We have even requested extra functionality / capabilities and the team has responded by building these out where possible. I have really enjoyed working with the team and would definitely recommend. Review collected by and hosted on G2.com.

What do you dislike?

Small kinks in beginning of process led to some process inefficiencies but these were largely addressed once bringing up with the DealRoom team. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Data room for sell side process Review collected by and hosted on G2.com.

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Investment Banking Analyst
Financial Services
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Organic
What do you like best?

DealRoom has saved our team time and allowed our client to comfortably use a secure data room without having trouble understanding the platform. The ability to create and adjust the index of folders in an easy, efficient manner is especially helpful. Also, setting permissions and understanding who has access to certain folders and files is very transparent which limits stress levels when uploading sensitive documents. Review collected by and hosted on G2.com.

What do you dislike?

I've been using DealRoom for little over a month and I have yet to experience any features that I dislike or would like to see improved. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Because DealRoom is easy to use for the deal team and the client, it simply saves time that can be allocated to more pertinent aspects of the deal and avoids unnecessary stress. Review collected by and hosted on G2.com.

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UB
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2 on behalf of the seller
What do you like best?

All of the in-platform diligence tracking makes the diligence process much simpler Review collected by and hosted on G2.com.

What do you dislike?

This is my first time using the platform, so the only issue I have is that I'm not as familiar with the system Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Diligence tracking is a huge benefits to analysts. Potential to save several hours a week of analysts' time Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

As I stated previously, the diligence tracking and the ability to link documents to requests is very valuable Review collected by and hosted on G2.com.

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AH
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2 on behalf of the seller
What do you like best?

The easy plug and play model. It's so easy to organize drag and drop files. The feature of request list is quite helpful Review collected by and hosted on G2.com.

What do you dislike?

To much Analytics sometimes tend to be confusing Review collected by and hosted on G2.com.

Recommendations to others considering the product:

A must try. Gives out all the features and so easy to use Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Sharing Large Volumes of Data. Helps us during our M&A deals Review collected by and hosted on G2.com.

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AI
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Invitation from G2 on behalf of the seller
What do you like best?

Dealroom is, without a doubt, the dataroom of the future. Diligence and data rooms should not be separate, and Dealroom is ensuring this to be the case going forward. Review collected by and hosted on G2.com.

What do you dislike?

There are still a few early stage kinks that the coders need to work through. For example, just recently we noticed that management teams could post diligence responses directly to the buyer, which is a big issue for the junior banking deal team. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Go through a few different trials and evaluations so you can inform Dealroom of your needs when it comes to diligence / data room Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Dealroom solves the problem of version control with diligence trackers. I no longer have to sent management a tracker, waiting all day for their updates, and then review all documents and the tracker late at night. I can provide feedback in real time. Review collected by and hosted on G2.com.

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UT
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Invitation from G2 on behalf of the seller
What do you like best?

It is easy to understand, without no effort you can be using it. There are a lot of system in the Market. Dealroom is a good solution. Quality-money worth. Review collected by and hosted on G2.com.

What do you dislike?

If you are trying to teach an Agent how to do an invoice, it could be tedious when the system is slow Review collected by and hosted on G2.com.

Recommendations to others considering the product:

There are a lot of system in the Market. Dealroom is a good solution. Quality-money worth. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Helping our Agents. We do not have any agent on site (head office) Review collected by and hosted on G2.com.

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Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

I like that files can be put in oNE place by everyone who are not even part of your organization. Review collected by and hosted on G2.com.

What do you dislike?

Automatic update were not sent to me. I had to go frequently to check the updates Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Sure Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Due diligence for client. Review collected by and hosted on G2.com.

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AI
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2 on behalf of the seller
What do you like best?

One feature I really enjoyed was the able to reorder files - seemed easier than on other sites Review collected by and hosted on G2.com.

What do you dislike?

One part about dealroom that I disliked was the initial set up process Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Mostly just using for sell side M&A deals Review collected by and hosted on G2.com.

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AF
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2 on behalf of the seller
What do you like best?

DealRoom is a convenient and intuitive platform that saves both time and money. It's faster than any other VDR platform I've used. Review collected by and hosted on G2.com.

What do you dislike?

The one challenge is orienting clients and buyers who haven't used the platform before. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

I would recommend giving DealRoom a shot - after seeing the benefits (time and money) you won't regret it. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

DealRoom has saved me many hours of work by getting all of the project management out of Excel and online. Review collected by and hosted on G2.com.

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Corporate Associate
Law Practice
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2 on behalf of the seller
What do you like best?

I really like the interface (much better than the other data rooms out there) Review collected by and hosted on G2.com.

What do you dislike?

I don't dislike anything about it so far Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

I am conducting due diligence of documents uploaded to DealRoom. Benefits include efficiency and speed Review collected by and hosted on G2.com.

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AI
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2 on behalf of the seller
What do you like best?

It is very intuitive and the platform offers a way to share files that before this system were sent and at times lost in email threads or held up in file paths that each doc needed a permission. Review collected by and hosted on G2.com.

What do you dislike?

I wish there was a better home page to navigate from instead of just the ribbon at the top Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

communication of docs with client seems a big boost in easiness, transparency better optimized. Review collected by and hosted on G2.com.

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CC
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Invitation from G2 on behalf of the seller
What do you like best?

I like that it was built for the purpose of collaborating on sensitive and confidential information which requires security and ease of use for all parties. Review collected by and hosted on G2.com.

What do you dislike?

I did not find anything I did not like as I was not an admin. I think I would need a bit more time using the platform in order to provide a better suggestion here. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Remember that other platforms are for sharing of general and non-sensitive data and may not have the level of security you require.

DealRoom was created with all that in-mind so it covers the security issue while remaining easy to use. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Collaborating with borrowers, lenders, consultants, and brokers Review collected by and hosted on G2.com.

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