Ansarada

4.7 (114)
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Artifical Intelligence based virtual data room for brokers

Overall rating

4.7 /5
(114)
Value for Money
4.2/5
Features
4.5/5
Ease of Use
4.6/5
Customer Support
4.7/5

96%
recommended this app
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114 Reviews

Verified Reviewer
Overall rating
  • Industry: Nonprofit Organization Management
  • Company size: 11–50 Employees
  • Used Monthly for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Great to have a web-based version of this product!

Reviewed on 2021/03/03

Excellent.

Excellent.

Pros

This is the first web-based product of this kind that I have used and I found it much easier to manage than those other products.

Cons

I think some of the security features are too stringent and there should be flexibility for companies re: what level of security they want.

Alternatives Considered

Diligent Boards

Reasons for Switching to Ansarada

Web-based, pricing, features.
Nick
Overall rating
  • Industry: Investment Banking
  • Company size: 11–50 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

my review

Reviewed on 2023/11/03

Pros

good platform, user friendly, great customer service.

Cons

sometimes laggy, can be down for a long period of time.

Kris
Overall rating
  • Industry: Banking
  • Company size: 2–10 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 2.0 /10

Not a fan of the direction this VDR is going

Reviewed on 2020/08/04

Our team has seen extensive changes with our point of contact at the company. The quality of...

Our team has seen extensive changes with our point of contact at the company. The quality of service has seemed to declined since when we first started using this software and has gotten more expensive that it should have in comparison to other products that are available.

Pros

I am very comfortable with this software since we have been using it for a while. The added security features is a nice touch that some other options dont have.

Cons

Not intuitive, expensive for what you get, many individuals have complained about not being able to see PDF's due to settings the software requires each user to make on their computers.

Alternatives Considered

Intralinks VDRPro

Reasons for Switching to Ansarada

Ansarada was the main VDR we used when my team initially started working their but we have switched since to alternative products since then.

Response from Ansarada

Hi Kris,

Sorry to hear you've had an unsatisfactory experience with Ansarada's Virtual Data Room. The concern you mentioned about viewing PDFs has been updated. We've introduced a new 'Preview' function which alleviates the pain you're experiencing. You can preview PDFs straight from the Document Index, without having to download the document. Previewing PDFs does not require any programs or plugins. Full details are here - https://help.ansarada.com/en/articles/2597663

Our pricing starts from US$39 per month per user and we purposefully offer flexible plans so that customers don't feel like they're paying for features they don't want or need. All our plans include training and 24/7 support from our knowledgeable team. Unfortunately, we can't guarantee that there won't be staffing changes from time to time.

We would love the opportunity to win you back and show you the new functionality. One of our Client Success Managers will be in contact to arrange a demo.

Thanks,
Team Ansarada

Louis
Overall rating
  • Industry: Investment Management
  • Company size: 51–200 Employees
  • Used Weekly for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 8.0 /10

Louis C

Reviewed on 2023/11/03

Pros

Ease of use, of the shelf and simplicity.

Cons

Functionality and customisation when initially uploading or changing locations of documents.

Alternatives Considered

ShareFile

Reasons for Switching to Ansarada

Familiarity of brand and ease of use
Nicole
Overall rating
  • Industry: Real Estate
  • Company size: 201–500 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Amazing product

Reviewed on 2023/09/08

So far amazing, I have never had an issue with it. I can always find an answer to my questions

So far amazing, I have never had an issue with it. I can always find an answer to my questions

Pros

The Q&A functionality is very impressive and helps us with the live deal

Cons

It is quite costly, but value for money is up there

Ben
Overall rating
  • Industry: Financial Services
  • Company size: 5,001–10,000 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Great Data Room

Reviewed on 2023/11/03

Great experience, and awesome support team.Ben E

Great experience, and awesome support team.Ben E

Pros

Bulk upload & export, Q&A function & document redacting tool.

Cons

Dual Q&A review process before posting, could be shorted to single review.

Lachlan
Overall rating
  • Industry: Legal Services
  • Company size: 501–1,000 Employees
  • Used Weekly for 2+ years
  • Review Source

Overall rating

  • Ease of Use
  • Likelihood to recommend 9.0 /10

L paterson review

Reviewed on 2023/11/03

Good, better than other products (e.g. datasite)

Good, better than other products (e.g. datasite)

Pros

file index exports, doc ID references are all great

Cons

DOc viewing, unable to copy text in Ansarada viewer

Halil
Overall rating
  • Industry: Investment Banking
  • Company size: 11–50 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

All-in-one virtual data room with every functionality you need

Reviewed on 2023/06/21

Pros

Ease of use, flexibility of functionalities, active customer support, competitive pricing

Cons

When you enter a data room, it always defaults to the workflow function instead of document index

Simon
Overall rating
  • Industry: Financial Services
  • Company size: 1,001–5,000 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Review - User

Reviewed on 2023/04/27

Very good for Virtual Data Room purposes, easy set up and makes the due diligence life cycle easy.

Very good for Virtual Data Room purposes, easy set up and makes the due diligence life cycle easy.

Pros

Very easy to use, customer support is great.

Cons

Not too many flaws at all! Have been using this platform for three years.

Alternatives Considered

Intralinks VDRPro

Reasons for Switching to Ansarada

Price points and ease of use.
Sam
Overall rating
  • Industry: Investment Banking
  • Company size: 51–200 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 8.0 /10

Would recommend

Reviewed on 2023/06/21

Pros

Functionality and ease of use are what I like most.

Cons

Bulk download and bulk upload is clunky.

SImon
Overall rating
  • Industry: Transportation/Trucking/Railroad
  • Company size: 10,000+ Employees
  • Used Daily for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

Ansarada Review

Reviewed on 2023/04/27

Overall, it is a well written application and is an easy to use one.

Overall, it is a well written application and is an easy to use one.

Pros

Easy to us, an intuitive and friendly user interface.

Cons

I used Ansarada when I worked on bids. Not sure whether this was an administrator issue or not, however, there was a question that needed to provide an answer for on two different dates. We have found that once the answer to the question was provided for the first time, the second time there was no button to submit the answer available on the page and we had to find a work around to do it.

Sam
Overall rating
  • Industry: Banking
  • Company size: 2–10 Employees
  • Used Monthly for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Best in class VDR for a full scale sell side process

Reviewed on 2023/04/27

A VDR for a sell side process, which enabled the ability to manage several parties

A VDR for a sell side process, which enabled the ability to manage several parties

Pros

The flexibility of the product enables the ability to create a bespoke experience for clients, bidders, advisors and the likes without being burdensome.

Cons

Some functions i.e., q&a create some additional steps which may be unnecessary.

Max
Overall rating
  • Industry: Banking
  • Company size: 10,000+ Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Intuitive

Reviewed on 2023/03/29

My overall experience was very good, particularly when compared to other vendors.

My overall experience was very good, particularly when compared to other vendors.

Pros

Ansarada makes the VDR process straightforward and intuitive. Other VDRs have arduous steps that make the task of maneuvering a data room unpleasant. For example, they offer easy to use redacting that allow you to quickly redact in the Ansarada application.

Cons

It would be great if there was a way to redact across files without having to open up each individual file. For example, if I am uploading 100 customer agreements, if I could choose to redact a certain name or address across all of the files, it would save a lot of redundant work.

Vincent
Overall rating
  • Industry: Investment Banking
  • Company size: 1,001–5,000 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

ING review - M&A midcorp

Reviewed on 2023/03/29

Pros

Ease of use: very straightforward, also as experienced by our clientsPricing: always among the most competitiveCustomer service: very good, especially before and during the due diligence

Cons

- That you cannot search certain words within the whole dataroom- Question related to invoices might take a lot of time

Reasons for Switching to Ansarada

Ease of use + pricing
Shaun
Overall rating
  • Industry: Investment Management
  • Company size: 2–10 Employees
  • Used Weekly for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Simple, effective and efficient

Reviewed on 2023/03/29

The ease of managing a data room and the ability to track bidder participation is essential for...

The ease of managing a data room and the ability to track bidder participation is essential for rapid execution of M&A transactions and Ansarada certainly delivers in this respect.

Pros

Ease of use, and 24 hour support is incredibly beneficial.

Cons

Not applicable - however, I found the automatic numbering challenging, however, once I was assisted by the support team, it was simple.

Max
Overall rating
  • Industry: Banking
  • Company size: 11–50 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 8.0 /10

Great Product, Service to be Improved

Reviewed on 2023/03/29

Great product, however service could be improved.

Great product, however service could be improved.

Pros

It is very user friendly and easy to use.

Cons

The customer service team make some mistakes, e.g. have had multiple instances of billing clients when a dataroom was meant to be closed.

Mattia
Overall rating
  • Industry: Banking
  • Company size: 10,000+ Employees
  • Used Weekly for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Thanks Ansarada!

Reviewed on 2023/03/29

Very positive with margin of improvement

Very positive with margin of improvement

Pros

Very like how easy to use, and the always available and hands-on support

Cons

Permission settings for different users / docs

Alternatives Considered

Datasite Diligence Virtual Data Room

Reasons for Switching to Ansarada

Cost competitive
Lucas
Overall rating
  • Industry: Banking
  • Company size: 10,000+ Employees
  • Used Weekly for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

User friendly

Reviewed on 2023/04/27

Pros

User friendly and straight forward platform.

Cons

No problems have been experienced and no complains to be raised.

Zachariah
Overall rating
  • Industry: Investment Banking
  • Company size: 11–50 Employees
  • Used Weekly for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Ansarada review - investment banker perspective

Reviewed on 2023/03/30

Pros

Very easy to use. Great customer support. Much more responsive than competitor products.

Cons

Only issue when compared to competitor products is its relative expense.

Kevin
Overall rating
  • Industry: Mining & Metals
  • Company size: 5,001–10,000 Employees
  • Used Daily for 1-5 months
  • Review Source

Overall rating

  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Best Dataroom

Reviewed on 2023/03/09

Documents management, sharing documents

Documents management, sharing documents

Pros

Using data rooms from Ansarada facilitates our company's business activities, features such as document search coupled with a friendly user interface really help us in the process of uploading documents and searching documents. Security features also greatly facilitate our cooperation with other parties in the process of sharing documents.

Cons

The disadvantage that we feel is that the payment process is a little complicated and takes a long time so it takes us longer to try this data room

Rupert
Overall rating
  • Industry: Law Practice
  • Company size: 1,001–5,000 Employees
  • Used Monthly for 6-12 months
  • Review Source

Overall rating

  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

Great product, simple to use, would recommend

Reviewed on 2023/04/27

Pros

Product is pretty user-friendly and easy to use for data room purposes. Also offers other functionality so it can be used as a completion checklist etc.

Cons

Integration with existing business takes some time, porting over data has been a little tricky, but these are just learning curve issues with using new products.

Xavier
Overall rating
  • Industry: Banking
  • Company size: 10,000+ Employees
  • Used Weekly for 1-5 months
  • Review Source

Overall rating

  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

Ansarada - Great Support

Reviewed on 2023/04/05

Pros

The support received from Ansarada made the experience smoother as a first time user. It also helped in solving many misc. issues along the way.

Cons

The system can be a bit tough to understand as a first time user, and links directly to assistance would be great rather than having to search the databases of FAQ myself.

nitn
Overall rating
  • Industry: Financial Services
  • Company size: 2–10 Employees
  • Used Monthly for 2+ years
  • Review Source

Overall rating

  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

VDR software

Reviewed on 2023/02/16

Pros

I have been very impressed with the ease of setup and use of Ansarada as a VDR.

Cons

there are no real missing elements from this software

Sven
Overall rating
  • Industry: Investment Banking
  • Company size: 2–10 Employees
  • Used Monthly for Free Trial
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

Review after VDR trial

Reviewed on 2023/03/27

Pros

Very user friendly and responsive platform. Professional interface towards clients

Cons

Auto-redact did not cover all documents we've tried

maria
Overall rating
  • Industry: Financial Services
  • Company size: 10,000+ Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

suggestions for further development

Reviewed on 2020/11/13

-very good, I appreciate your tools, development (e.g. redaction tool) and friendly team!

-very good, I appreciate your tools, development (e.g. redaction tool) and friendly team!

Pros

-Reports
-Q&A tool
-Bulk upload and download
-Friendly customer support
-New redaction tool

Cons

Some suggestions:
-Could VDR Index in Manage section (Excel) include a column with original document name when it was first uploaded to VDR
-Could buy-side users bulk upload their questions from Excel to VDR
-Could redaction tool include a rotate view function
-Could administrators receive a notification when document's path is too long and therefore bulk download won't work in one click