Ansarada

Artifical Intelligence based virtual data room for brokers

About Ansarada

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.

Pricing starting from:

US$39,00/month

  • Free Trial
  • Subscription

Key benefits of Ansarada

• 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.

Devices

Business size

S M L

Markets

Australia, Canada, China, Germany, United Kingdom, United States

Supported Languages

English

Pricing starting from:

US$39,00/month

  • Free Trial
  • Subscription

Images

Manage security features
Check activity reports
Generate bidder engagement scores with the scorecard tool
View 4 more
Ansarada video
Ansarada screenshot: Manage security features Ansarada screenshot: Check activity reports Ansarada screenshot: Generate bidder engagement scores with the scorecard tool

Features

Total features of Ansarada: 37

  • Access Controls/Permissions
  • Ad hoc Analysis
  • Ad hoc Reporting
  • Alerts/Notifications
  • Archiving & Retention
  • Audit Management
  • Audit Trail
  • Calendar Management
  • Collaboration Tools
  • Contract/License Management
  • Customizable Branding
  • Customizable Questions
  • Data Import/Export
  • Data Security
  • Data Storage Management
  • Document Automation
  • Document Classification
  • Document Generation
  • Document Management
  • Electronic Signature
  • Engagement Analytics
  • File Sharing
  • Full Text Search
  • Indexing
  • Meeting Notes
  • Minutes Management
  • Multiple Format Support
  • Procurement Management
  • Project Management
  • Real Time Notifications
  • Risk Assessment
  • Role-Based Permissions
  • Search/Filter
  • Secure File Viewer
  • Strategic Planning
  • Text Editing
  • Version Control

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Reviews

Overall rating

4,5 /5
(44)
Value for Money
4/5
Features
4,3/5
Ease of Use
4,4/5
Customer Support
4,6/5

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Showing 5 reviews of 44
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.

Scott F.
Overall rating
  • Industry: Financial Services
  • Company size: 2-10 Employees
  • Used Weekly for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 7.0 /10

Q&A

Reviewed on 2019/06/18

Good support, only issues is as mentioned above.

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.

Kris S.
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.

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

Leijie L.
Overall rating
  • Industry: Financial Services
  • 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 9.0 /10

Good and easy to use tool

Reviewed on 2019/06/25

Overall a very positive experience and would use again

Overall a very positive experience and would use again

Pros

Like its user friendliness and ability to manage multiple parties easily

Cons

Q&A online functionality could be better improved

Maria F.
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

Showing 5 reviews of 44 Read all reviews

Ansarada FAQs

Below are some frequently asked questions for Ansarada.

Ansarada offers the following pricing plans:

  • Starting from: US$39,00/month
  • Pricing model: Subscription
  • Free Trial: Available

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

We do not have any information about Ansarada features

Ansarada has the following typical customers:

Self Employed, 2-10, 11-50, 51-200, 201-500, 501-1 000, 1 001+

Ansarada supports the following languages:

English

Ansarada supports the following devices:

Ansarada integrates with the following applications:

Box, Dropbox Business, Google Drive

Ansarada offers the following support options:

Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live rep)

Related categories

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