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.
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.
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.
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.
-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
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.
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.
• 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.
FAQs for Ansarada Virtual Data Room
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 has the following pricing plans:
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