Ansarada Virtual Data Room

Artifical Intelligence based virtual data room for brokers

4,5 /5 (44 reviews) Write a Review!

Ansarada Virtual Data Room Overview

What is Ansarada Virtual Data Room?

Ansarada Virtual Data Room is a cloud-based virtual data room which assists companies with mergers and acquisitions, deal management, information sharing, and collaboration with key features such as auditing, data protection, data storage, document preview, engagement scoring, and project management.

The application comes with a bidder engagement module which collects data from multiple deals and delivers insights on bidder behavior and engagement. An interactive deal assistant uses natural language processing and artificial intelligence to provide responses to questions. Ansarada Virtual Data Room enables the sell side party to control information delivery, manage communications with bidders, and provide an audit trail from digital archives.

Ansarada Virtual Data Room comes with a pattern recognition engine which monitors daily logins, document views and advisor activity. The platform's administration and bulk action feature helps teams upload and disclose documents to bidders. Customizable branding functionality lets users add a logo, place a welcome message for clients and choose a project URL.

Ansarada Virtual Data Room Overview

Pricing

Starting from
US$999,00/year

Pricing options

Free Trial
Subscription
Value for money

Contact Ansarada for further pricing details. The pricing above is for basic subscriptions.


Ansarada Virtual Data Room Features

Devices
Business size
S M L
Markets
United States, Canada, United Kingdom, Australia, China, Germany
Supported Languages
English

Media

Manage security features
Check activity reports
Generate bidder engagement scores with the scorecard tool
Ansarada Virtual Data Room video Ansarada Virtual Data Room screenshot: Manage security features Ansarada Virtual Data Room screenshot: Check activity reports Ansarada Virtual Data Room screenshot: Generate bidder engagement scores with the scorecard tool

Ansarada Virtual Data Room Reviews

Ansarada Virtual Data Room Reviews

Overall rating
4,5
/
5
Excellent
27

Very good
14

Average
3

Poor
0

Terrible
0

Value for Money
4
Features
4,3
Ease of Use
4,4
Customer Support
4,6
93% recommended this app
Nancy W.

Review on Ansarada VDR

Ansarada is very user friendly for dataroom managers as well as viewers. Customer support is always extremely competent, and are able to provide a solution quickly or if not, at least able to identify whether something cannot be done. This has been very time efficient.


Scott F.

Q&A

Good support, only issues is as mentioned above.


Maria F.

suggestions for further development

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


Kris S.

Not a fan of the direction this VDR is going

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.


Mailys G.

Professional, lots of possibilities

I was very pleased with the overall experience, so were our potential investors. It takes some 'getting used to' to run the data room as an administrator but the instruction videos help. There are a lot of security features, sometimes too many: this makes it safe, but not always intuitive. I have already recommended Ansarada to another company and would be happy to do it again.


Nancy W.
Industry: Investment Banking
Company size: 11-50 Employees

Review on Ansarada VDR

Used Daily for 2+ years
Reviewed on 2019/07/02
Review Source: Capterra

Ansarada is very user friendly for dataroom managers as well as viewers. Customer support is always extremely competent, and are able to provide a solution quickly or if not, at least able to identify whether something cannot be done. This has been very time efficient.

Pros

I love how user friendly and intuitive the platform is. You can tell that the developers really have the end-user in mind. There is a very good balance between security and use ability. This is not really something that I had appreciated until after I had used other platforms.

Examples include: adding and setting up user groups, file security (not having to log in every single time to view an item), uploading documents and also the 24/7 access to support has been crucial to my job. The customer support team is always very quick to identify the issue and provide a solution, or pass the call onto someone who can assist.

Cons

Cost was probably the biggest hurdle, however I think that Ansarada have been able to overcome this with the user tier pricing which means that while prices are still higher, the gap is smaller and something that can be justified to our clients. I note that there was one stage where Ansarada were charging 3x more for a dataroom than their competitors.

Additionally, it would be helpful if there was a function to bulk download new documents.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Scott F.
Industry: Financial Services
Company size: 2-10 Employees

Q&A

Used Weekly for 2+ years
Reviewed on 2019/06/18
Review Source: Capterra

Good support, only issues is as mentioned above.

Pros

Good UX, mostly clear to use and functional

Cons

Q&A - Intralinks and various other data room operators have the ability to ask questions on behalf of 3rd parties, this is seriously helpful where they need the questions processed quickly or may not yet have full access to the data room. To counter this, I've had to make a fake account on behalf of a 3rd party to process questions in the past, which is an issue.

Further, the fact that you need to be a Q&A administrator to see the name of the Question Author is quite ridiculous. For example in a sell-side process where there's more than one potential acquirer in the data room asking questions, unless the sellside client is an admin, i.e. if they are approver or author, they can't see who is asking the question which means it's very difficult to correctly direct an answer. This should be an option which you can enable. The only way around it is by adding a comment when approving and forwarding the question which is very manual and inefficient for the entire process.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 7.0/10

Maria F.
Industry: Financial Services
Company size: 10 000+ Employees

suggestions for further development

Used Daily for 2+ years
Reviewed on 2020/11/13
Review Source: Capterra

-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

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 9.0/10

Kris S.
Industry: Banking
Company size: 2-10 Employees

Not a fan of the direction this VDR is going

Used Daily for 2+ years
Reviewed on 2020/08/04
Review Source: Capterra

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.

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

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 2.0/10

Mailys G.
Industry: Medical Devices
Company size: 11-50 Employees

Professional, lots of possibilities

Used Weekly for 6-12 months
Reviewed on 2020/11/12
Review Source: Capterra

I was very pleased with the overall experience, so were our potential investors. It takes some 'getting used to' to run the data room as an administrator but the instruction videos help. There are a lot of security features, sometimes too many: this makes it safe, but not always intuitive. I have already recommended Ansarada to another company and would be happy to do it again.

Pros

Clear representation of documents present in the dataroom. Automatic numbering was useful too. I appreciated the option of making groeps of people with defined rights (read, edit, print, download, etc.). The helpdesk was always very quick to answer questions efficiently. Easy to use for the clients, none of them complained about difficulty to access the database.
The possibility to generate reports showing who-accessed-what was very valuable.

Cons

There are so many security features in terms of enabling publication of documents, that it is easy to forget to open a gate and thus provide access to a financier.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

User recommendation
8,4/10
Based on 44 user ratings
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Ansarada Virtual Data Room Pricing

Ansarada Virtual Data Room Pricing

Starting from
US$999,00/year
Free Trial
Subscription
Value for money

Contact Ansarada for further pricing details. The pricing above is for basic subscriptions.

Contact Ansarada for further pricing details. The pricing above is for basic subscriptions.

Value for Money
4/5
Based on 44 user ratings
Compare value for money rating with alternatives
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Ansarada Virtual Data Room Features

Ansarada Virtual Data Room Features

API
Activity Dashboard
Activity Tracking
Audit Trail
Auditing
Automatic Notifications
Billing & Invoicing
Compliance Management
Customizable Reporting
Data Import/Export
Document Management
Document Storage
Inventory Management
Inventory Tracking
Monitoring
Real Time Data
Real Time Reporting
Reporting & Statistics
Third Party Integration
Workflow Management
Features
4,3/5
Based on 44 user ratings
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Categories

Additional information for Ansarada Virtual Data Room

Additional information for Ansarada Virtual Data Room

Key features of Ansarada Virtual Data Room

  • Archiving & Retention
  • Auditing
  • Contract Management
  • Dashboard
  • Data Storage Management
  • Document Assembly
  • Document Indexing
  • Document Tagging
  • Full Text Search
  • Key Performance Indicators
  • Procurement Management
  • Project Management
  • Role-Based Permissions
  • Scorecarding
  • Strategic Planning
  • Version Control

Benefits

• Ansarada Virtual Data Room generates customized reports which are in line with any warranties given to buyers and satisfy any regulatory compliance requirements.

• Ansarada Virtual Data Room helps users maintain document security and allows them to add customized access settings and disable copying and printing.

• Administrators can use Ansarada Virtual Data Room to index unlimited documents and search for specific file types and folders.

• Firms can add multiple users in the application by copying and pasting their email addresses.

• The full functionality of the browser-based tool can be accessed across devices without any need for Java and Flash.

Ansarada Virtual Data Room FAQs

Ansarada Virtual Data Room FAQs

Below are some frequently asked questions for Ansarada Virtual Data Room.

Q. What type of pricing plans does Ansarada Virtual Data Room offer?

Ansarada Virtual Data Room offers the following pricing plans:

Starting from: US$999,00/year

Pricing model: Subscription

Free Trial: Not Available

Contact Ansarada for further pricing details. The pricing above is for basic subscriptions.

Q. What are the main features of Ansarada Virtual Data Room?

Ansarada Virtual Data Room offers the following features:

  • Archiving & Retention
  • Auditing
  • Contract Management
  • Dashboard
  • Data Storage Management
  • Document Assembly
  • Document Indexing
  • Document Tagging
  • Full Text Search
  • Key Performance Indicators
  • Procurement Management
  • Project Management
  • Role-Based Permissions
  • Scorecarding
  • Strategic Planning
  • Version Control

Q. Who are the typical users of Ansarada Virtual Data Room?

Ansarada Virtual Data Room has the following typical customers:

Small Business, Large Enterprises, Public Administrations, Non Profit, Mid Size Business

Q. What languages does Ansarada Virtual Data Room support?

Ansarada Virtual Data Room supports the following languages:

English

Q. What type of pricing plans does Ansarada Virtual Data Room offer?

Ansarada Virtual Data Room has the following pricing plans:

Subscription

Q. Does Ansarada Virtual Data Room support mobile devices?

We do not have any information about what devices Ansarada Virtual Data Room supports

Q. What other apps does Ansarada Virtual Data Room integrate with?

Ansarada Virtual Data Room integrates with the following applications:

Box, Dropbox Business, Google Drive

Q. What level of support does Ansarada Virtual Data Room offer?

Ansarada Virtual Data Room offers the following support options:

Phone Support, FAQs, Knowledge Base, Online Support, Video Tutorials