Ansarada Virtual Data Room

Ansarada Virtual Data Room

Artifical Intelligence based virtual data room for brokers

4.6/5 (25 reviews)

Ansarada Virtual Data Room Overview

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$999,00/year
Pricing options
Free Trial
Subscription
Value for money

Devices

Business size

S
M
L

Markets

Asia, Australia, Canada, China, Europe and 4 others, Germany, Middle-East and Africa, United Kingdom, United States

Supported Languages

English

Ansarada Virtual Data Room Reviews

Overall rating
4.6/5
100% positive reviews
16
Excellent
9
Very good
0
Average
0
Poor
0
Terrible
Nancy W.

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.

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
Karla R.

Extra features

Used Daily for 6-12 months
Reviewed on 2019/06/25
Review Source: Capterra

It was a great experience. We have used intralinks previously and it is MUCH easier to navigate and coordinate.
I am very happy to have a phone call with someone to share my teams ideas. However overall we loved it!

Pros

I love the ease of use and the online help pages. Really saved having to watch long YouTube clips or call up (like intralinks!)

Cons

Sometimes it was challenging and long to see what had happened to the data room. We had many buyer teams and a large internal and found the activity data difficult to use in the sense of seeing what was relevant.
It would be fantastic if ansarada could develop a activity home page which shows activity of members in chronological order. (Almost like a social media feed...) I remember having a team member upload one document during the sales process and having to click on every person that had logged in to see if they had looked at it! (At our peak we had 15-20 buyer teams and it was a long process)
I was also required to make a “weekly report of activity” and I found myself effectively having to make one manually in excel. Would be great if they could improve the functionality of reporting.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

9.0/10
Rupert D.

Ansarada Dataroom

Used Daily for 2+ years
Reviewed on 2019/06/25
Review Source: Capterra

I predominantly use Ansarada to assist with M&A processes. Ansarada is particularly helpful during the due diligence phase as well as forming part of the transaction documents as the warranties and indemnities are tied only to what has been provided in the dataroom.

Pros

The encryption abilities of the software. The ability to monitor / restrict exactly what each individual can view and how they can view the information is most helpful.

Cons

The thing I like least about the software is the inability to change an individuals security protocols within the same group. It would be good to be able to monitor an individuals security protocols whilst keeping them within the same investment group.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

8.0/10
Leijie L.

Good and easy to use tool

Used Weekly for 2+ years
Reviewed on 2019/06/25
Review Source: Capterra

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

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

9.0/10

Ansarada Virtual Data Room 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

  • Audit Trail
  • Auditing
  • Automatic Notifications
  • Data Import/Export

  • API
  • Activity Dashboard
  • Activity Tracking
  • Compliance Management
  • Custom Fields
  • Customizable Reporting
  • Document Storage
  • Inventory Management
  • Inventory Tracking
  • Invoice Management
  • Monitoring
  • Real Time Data
  • Real Time Reporting
  • Reporting & Statistics
  • Third Party Integration
  • Workflow Management

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

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:

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

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

Ansarada Virtual Data Room offers the following support options:

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