Nominations for the 2024 GTM Awards, sponsored by TrustRadius and Pavilion, are open! Now through July 19, nominate top go-to-market leaders, teams, and companies in the B2B tech sector.  Learn more.

A6B1A615-AF32-4C5A-96A6-4F8687892751

DealRoom Product Guide

TrustRadius Insights
July 2, 2024
Finance & Accounting, Product Guides

DealRoom Product Guide

What do users really think about DealRoom? This product guide was created utilizing real, vetted user reviews and will help you get to the nitty-gritty details about where DealRoom performs well, and where it may have room for improvement.

Highlight the Right Reviews

Throughout the guide below, there are links directly to reviews. Select the reviewers most relevant to you, and those links will be highlighted in blue.






Document and Data Management

Document Management

Users generally appreciate DealRoom’s document management capabilities. They find the platform efficient for securely exchanging data with clients, tracking outstanding data requests, and ensuring access control for sensitive information. The well-designed downloading features, including maintaining folder structure integrity and fast download speeds, are highlighted as strengths. Some users suggest improvements such as a drag-and-drop interface for printing folder structures and a preview feature for documents. Despite these minor suggestions, DealRoom’s document management functionality is generally well-received for its user-friendly interface and organization of documents for tasks like due diligence reviews and managing data requests efficiently. (Source Reviews: 1, 2, 3, 4)

“Downloading files from DealRoom does not mess up folder structure (unlike other providers) and does not truncate the file names.”Consultant in Information Technology, Venture Capital & Private Equity, 10,001+ employees

“I found the possibility of separating the clients’ responses to requests from the documents uploaded in the data room is really helpful.”Paraprofessional in Legal, Law Practice, 201-500 employees

“I would like a drag and drop interface for printing out folder structure. It is just easy to do it on your own rather than using the default option.”Consultant in Information Technology, Venture Capital & Private Equity, 10,001+ employees

Data Exchange and Sharing

Users consistently praise DealRoom’s efficiency in managing data requests and facilitating secure data exchange. The platform’s ability to track outstanding data requests and maintain access control over sensitive information has garnered positive feedback. Reviewers highlight the well-designed downloading features that preserve folder structures and file names intact. DealRoom’s performance in multiple M&A and due diligence projects has left users satisfied with its data exchange capabilities. (Source Reviews: 1, 2)

“DealRoom provides a great interface to tracking all outstanding data requests and ensuring that sensitive data is access controlled. DealRoom’s downloading features are well designed. Downloading files from DealRoom does not mess up folder structure (unlike other providers) and does not truncate the file names.”Consultant in Information Technology, Venture Capital & Private Equity, 10,001+ employees

“Well suited for projects where a large number of files need to be securely exchanged with clients. Not very suitable if the engagement does not involve heavy data exchange. We have used it in multiple M&A and due diligence projects and it works like a charm.”Consultant in Information Technology, Venture Capital & Private Equity, 10,001+ employees

Collaboration and Project Management

Collaboration Tools

Some users praise DealRoom’s collaboration tools for enhancing project management and streamlining M&A evaluation processes. They appreciate the platform’s ability to facilitate secure file exchange and smooth engagements. However, there are mixed opinions regarding the quantifiable return on investment from using DealRoom’s collaboration tools. While some users find it to be a strong asset for collaborative environments, others express reservations about its capabilities. The overall sentiment leans towards a positive outlook on DealRoom’s collaboration tools, with users acknowledging its effectiveness in certain project scenarios. (Source Reviews: 1, 2, 3)

“DealRoom is being used by my department to streamline M&A evaluation and collaboration. Positive ROI by allowing for collaborative environment to streamline M&A evaluation in easy to use fashion.”Analyst in Finance and Accounting, Hospital & Health Care, 10,001+ employees

“Well suited for projects where a large number of files need to be securely exchanged with clients. Not very suitable if the engagement does not involve heavy data exchange. We have used it in multiple M&A and due diligence projects and it works like a charm.”Consultant in Information Technology, Venture Capital & Private Equity, 10,001+ employees

“For M&A, across all departments, the main problem it addresses is collaboration towards deadlines. Deadline management; Collaboration and re-collaboration if an item is opened back up; Asset evaluation on a granular scale.”Executive in Legal, Biotechnology, 51-200 employees

Due Diligence Management

Users consistently praise DealRoom’s due diligence management capabilities. They highlight the platform’s efficiency in securely exchanging data with clients, tracking outstanding data requests, and ensuring access control for sensitive information. DealRoom’s ability to maintain the integrity of file structures during downloads and preserve file names intact has been particularly lauded by users. The software’s performance in multiple M&A and due diligence projects has garnered strong recommendations from satisfied users, emphasizing its effectiveness in facilitating heavy data exchange tasks. (Source Reviews: 1, 2, 3, 4)

“We typically use it for securely exchanging data with our clients. DealRoom provides a great interface to tracking all outstanding data requests and ensuring that sensitive data is access controlled.”Consultant in Information Technology, Venture Capital & Private Equity, 10,001+ employees

“Well suited for projects where a large number of files need to be securely exchanged with clients. Not very suitable if the engagement does not involve heavy data exchange.”Consultant in Information Technology, Venture Capital & Private Equity, 10,001+ employees

“DealRoom is the best data room platform we use – clean interface and strong analytics are tremendously helpful to our deal teams as we work with third-party diligence providers and juggle hundreds of data requests.”Analyst in Finance and Accounting, Venture Capital & Private Equity, 201-500 employees

Project Tracking and Analytics

Users appreciate DealRoom’s project tracking and analytics functionalities for their ability to streamline M&A evaluation processes and enhance collaboration within departments. The platform’s strong analytical capabilities have been particularly beneficial in managing data requests and working with third-party diligence providers. While some users have noted minor areas for improvement, overall, DealRoom’s project tracking and analytics features have garnered positive feedback for their contribution to operational efficiency and effective communication. (Source Reviews: 1, 2, 3)

“DealRoom is the best data room platform we use – clean interface and strong analytics are tremendously helpful to our deal teams as we work with third-party diligence providers and juggle hundreds of data requests.”Analyst in Finance and Accounting, Venture Capital & Private Equity, 201-500 employees

“Improved efficiency and communication; No duplicate documents or outdated information.”Executive in Finance and Accounting, Financial Services, 51-200 employees

“Positive ROI by allowing for collaborative environment to streamline M&A evaluation in easy to use fashion.”Analyst in Finance and Accounting, Hospital & Health Care, 10,001+ employees

About the Author

TrustRadius Insights
TrustRadius Product Guides are created by synthesizing user reviews to identify commonly discussed topics. These guides highlight common use cases, frequently used features, and more. While this is a beta feature, it is our mission is to provide you with the best information possible to make confident and trusted technology decisions. If you feel something is missing or incorrect, please let us know.

Sign up to receive more buyer resources and tips.