DealRoom

DealRoom

Agile M&A project management with due diligence tracking

4.6/5 (166 reviews)

DealRoom Overview

DealRoom is a cloud-based agile M&A project management software which combines data storage, communication tools, and diligence tracking in a single platform.

Users can upload files to DealRoom in bulk with drag-and-drop upload and automatic indexing functionality. Permissions can be managed for each file and folder, giving users control over which documents can be viewed, downloaded, or printed, and watermarks can be applied as necessary. Full text search enables the location of information or documents using phrases or keywords, and files can be linked with requests, allowing users to view related requests from within the document. All requests are presented in a visual list, providing users with an at-a-glance view of their priority, status, and date on which they were last updated. Custom labels can be used for further organization, and progress of all requests can be viewed in a single page.

DealRoom leverages machine learning to remove the need to manually answer duplicate requests by automatically suggesting previous responses and related documents. Diligence progress can be tracked over time, and any requests flagged as high priority or high risk can be monitored. All document activity can be tracked, including who uploaded or downloaded files, who viewed documents, and when. Buyer engagement is also visualized, allowing users to see which buyers spend the most time reviewing diligence requests.

Pricing

Starting from
US$250,00/month
Pricing options
Free Trial
Subscription
Value for money

Devices

Business size

S
M
L

Markets

Australia, Canada, United States

Supported Languages

English

DealRoom Reviews

Overall rating
4.6/5
93% positive reviews
107
Excellent
48
Very good
11
Average
0
Poor
0
Terrible
Mark O.

DealRoom review

Used Daily for 6-12 months
Reviewed on 2019/07/02
Review Source: Capterra

Great tool for us to share very sizeable documents at a reasonable cost.

Pros

DealRoom is very easy to set up, upload and share docs on a confidential basis.

Cons

There is not a great way to add summary comments or notes to the notification email on new files uploaded. Additionally, the file name gets cut off in the cover email notifications.

Response from DealRoom, a Day1 Company

Thanks Mark! Happy to hear the platform was easy to use and appreciate the feedback on notifications. Thanks again!

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10
Curtis s. C.

Most responsive and innovative dataroom provider in the market right now

Used Daily for 2+ years
Reviewed on 2018/04/17
Review Source: Capterra

Very easy to use

Pros

I love task tracking feature that is unique to the DealRoom software and the fact that you can control permissions down to the individual file level, but what I like the most about this software is the customer suppport. The CEO personally reads and sometimes responds to customer inquiries and requests for features. Additionally, the customer support team is extremely responsive and works to resolve your issue within 24 to 48 hours.

Cons

There are certain features that I would like to see in the group permissions management section, but I have been told the team is already working on it and the new feature should be out in 1-2 weeks!

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10
Wes F.

DealRoom Review

Used Daily for 6-12 months
Reviewed on 2019/07/03
Review Source: Capterra

We are managing the diligence process of several M&A transactions. DealRoom allows the transfer of documents to multiple parties with the ability to individually set groups permission schedule. Further their analytics tab allows us as the sell side adviser to see who has been active in the data room or not, providing a little bit of visibility on the investors interest levels.

Pros

I like how user friendly the platform is. One of my favorite features is the ability to relabel the documents index order if necessary, unlike most competitors.

Cons

I wish it had a Q&A feature similar to most competitors. One other feature I would suggest is the ability to "white label" the platform allowing a more personalized feel (company logo in the corner).

Response from DealRoom, a Day1 Company

Thanks Wes! Glad the relabeling of indexes was useful for you. I would advise checking out DealRoom with our Request tab. This allows for diligence management and Q&A along with the document storage. We also have added the ability to white label! Feel free to get in touch if you have more questions about it. Thanks again!

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

9.0/10
Verified Reviewer

Complete, accessible and easy to use.

Used Weekly for 6-12 months
Reviewed on 2019/07/18
Review Source: Capterra

The platform is great. It offers an exclusive feature so I can upload and manage request list!
It is easy to use and I have no headaches about additional volumes, since they offer unlimited volume.

Pros

Incredible Project Management features and unlimited volume on a monthly subscription!

Cons

It can take 30 min. for support response.

Response from DealRoom, a Day1 Company

Thanks for the kind review! Happy to hear using requests to manage diligence and unlimited data has been useful for your process. Also, appreciate the feedback on support, we are always looking for ways to improve so that will be addressed. Thanks again!

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10
Ovais a. S.

Excellent platform with ease of use

Used Daily for 1+ year
Reviewed on 2018/04/17
Review Source: Capterra

It helps us manage the document / info sharing between the client, our firm and the potential investors. It also allows us to manage users, their permissions etc. It is also helping us managing the analytics on user access. It is easier to upload large size files and share it with intended users which is not possible on outlook due to size limits.

Pros

Dealroom is easy to use, you can populate dealroom with your due diligence folders and create due diligence list right inside the dealroom instead of sending the due diligence list separately to your clients.

Cons

Missing Outlook plugin which is mostly available will update tab that would allow execution team to update status on this would allow execution team to update status on transactions.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10

DealRoom Pricing

Starting from
US$250,00/month
Pricing options
Free Trial
Subscription
Value for money

Professional: starting from $500/month.
Enterprise: contact DealRoom for pricing information.

DealRoom Features

  • Activity Tracking
  • Automatic Notifications
  • Collaboration Tools
  • Drag & Drop Interface
  • Prioritizing
  • Progress Tracking
  • Project Time Tracking
  • Projections
  • Task Management
  • Third Party Integration

  • API
  • Activity Dashboard
  • Gantt Charts
  • Multiple Projects
  • Project Management
  • Project Planning
  • Project Tracking
  • Task Planning
  • Task Tracking
  • Timesheets

Additional information for DealRoom

Key features of DealRoom

  • Audit trails
  • Auto-indexing
  • Automated reporting
  • Custom labels
  • Custom reports
  • Customizable document permissions
  • Data filtering
  • Data tracking & analytics
  • Deal lifecycle management
  • Diligence management
  • Diligence progress tracking
  • Document activity tracking
  • Document management
  • Drag-and-drop file upload
  • Excel & PDF reporting
  • Full text search
  • Keyword search
  • Message notifications
  • Multiple data rooms
  • Project plan templates
  • Real-time progress tracking
  • Request answer approvals
  • Request dependencies
  • Request import
  • Request management
  • Request monitoring
  • Task assignment
  • Third party integrations
  • Time tracking
  • Visual request lists
  • Watermarking

Benefits

  • Drag-and-drop upload allows users to upload documents, files, and folders in bulk, with all files automatically indexed and users able to control viewing, downloading, and printing restrictions.

  • Full text search allows users to locate information or documents based on keyword or phrases, including keyword search within documents.

  • All requests can be organized in a single view, with at-a-glance information on status and priority, notifications for overdue requests, and the ability to add custom labels for organization.

  • DealRoom leverages machine learning to automatically suggest related responses and documents for duplicate requests.

  • Diligence progress can be tracked over time, and users can monitor any requests which are tagged as high priority or risk.

  • DealRoom FAQs

    Below are some frequently asked questions for DealRoom.

    Q. What type of pricing plans does DealRoom offer?

    DealRoom offers the following pricing plans:

    Starting from: US$250,00/month

    Pricing model: Subscription

    Free Trial: Available

    Professional: starting from $500/month.
    Enterprise: contact DealRoom for pricing information.

    Q. What are the main features of DealRoom?

    DealRoom offers the following features:

    • Audit trails
    • Auto-indexing
    • Automated reporting
    • Custom labels
    • Custom reports
    • Customizable document permissions
    • Data filtering
    • Data tracking & analytics
    • Deal lifecycle management
    • Diligence management
    • Diligence progress tracking
    • Document activity tracking
    • Document management
    • Drag-and-drop file upload
    • Excel & PDF reporting
    • Full text search
    • Keyword search
    • Message notifications
    • Multiple data rooms
    • Project plan templates
    • Real-time progress tracking
    • Request answer approvals
    • Request dependencies
    • Request import
    • Request management
    • Request monitoring
    • Task assignment
    • Third party integrations
    • Time tracking
    • Visual request lists
    • Watermarking

    Q. Who are the typical users of DealRoom?

    DealRoom has the following typical customers:

    Large Enterprises, Mid Size Business, Small Business

    Q. What languages does DealRoom support?

    DealRoom supports the following languages:

    English

    Q. What type of pricing plans does DealRoom offer?

    DealRoom has the following pricing plans:

    Subscription

    Q. Does DealRoom support mobile devices?

    We do not have any information about what devices DealRoom supports

    Q. What other apps does DealRoom integrate with?

    DealRoom integrates with the following applications:

    Microsoft Outlook, Office 365, Salesforce Sales Cloud, Slack

    Q. What level of support does DealRoom offer?

    DealRoom offers the following support options:

    Online Support, Phone Support