Artifical Intelligence based virtual data room for brokers
4.53/5 (43 reviews)Most popular features of all Operations Management apps
25 reviewers had the following to say about Ansarada Virtual Data Room's features:
Pros
Ease of use. Nice design. Good customer support.
Cons
When deleting users or documents, the corresponding audit trails get lost.
Rating breakdown
Time used: 1-2 years
Frequency of use: Monthly
Likelihood to recommend
Real asset to running a professional and efficient deal process
Pros
Ease of loading, moving and removing documents Ease of controlling multiple party access levels Easily accessed reporting functions
Cons
Can be a bit difficult to handle very large files
Rating breakdown
Time used: 6-12 months
Frequency of use: Daily
Likelihood to recommend
Excellent Like catch up from the managers when in town Super positive
Pros
Ease of use Project management Nice stats / tool kit
Cons
Uploading data (time consuming) Sometimes it is challenging to add a new user
Rating breakdown
Time used: 2+ years
Frequency of use: Occasionally
Likelihood to recommend
It has provided a safe way to share documents.
Pros
We also like how we can track users activity in our data room and get good analytics in that regard.
Cons
I find that naming / renaming files can be a bit arduous. E.g. when uploading files we have to name them to look consistent with others.
Rating breakdown
Time used: 2+ years
Frequency of use: Monthly
Likelihood to recommend
Pros
Set up in just a few hours, easy to use platform and some ability to track activity
Cons
Ability to track activity of investors is limited
Rating breakdown
Time used: Less than 6 months
Frequency of use: Daily
Likelihood to recommend
We have used intralinks previously and it is MUCH easier to navigate and coordinate.
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
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.
Rating breakdown
Time used: 6-12 months
Frequency of use: Daily
Likelihood to recommend
It takes some 'getting used to' to run the data room as an administrator but the instruction videos help.
Pros
Clear representation of documents present in the dataroom. Automatic numbering was useful too.
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
Time used: 6-12 months
Frequency of use: Weekly
Likelihood to recommend
Pros
- Easy to upload and organise documents - Q&A function operates effectively - Real time alerts
Cons
There should be an alert to inform users if an action such as adding more admins leads to higher pricing.
Rating breakdown
Time used: Less than 6 months
Frequency of use: Weekly
Likelihood to recommend
-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
Time used: 2+ years
Frequency of use: Daily
Likelihood to recommend
Pros
Well designed for running processes, very good customer service who have a good understanding of administrators needs that exceeds just knowing their software but how users best use it.
Cons
The process to develop reports sometimes changes but not too bad
Rating breakdown
Time used: 2+ years
Frequency of use: Weekly
Likelihood to recommend
I am using Ansarada Virtual Data Room for M&A processes.
Pros
Ease of use; Various functionality to ensure confidentiality; Ability to set up different groups and subgroups.
Cons
Drawbacks of enabling certain functionality not clearly explained e.g. 1. enabling security setting for word doc will require dataroom users to download additional microsoft software to be able to view the documents. 2. enabling certain pdf security setting will require viewers have internet access when viewing the document even after the docs have been downloaded and saved down.
Rating breakdown
Time used: 1-2 years
Frequency of use: Weekly
Likelihood to recommend
We use the data room to share information with potential investors.
Pros
Its a market leading platform with appropriate features and functionality. Some minor functionality tweaks required for a more efficient process.
Cons
Its an important feature that is somewhat difficult to use when dealing with multiple parties.
Rating breakdown
Time used: 6-12 months
Frequency of use: Weekly
Likelihood to recommend
Monitoring the statistics of the usage by bidders/users were easily accessible.
Pros
It is intuitive thus making easy to navigate the VDR and use it functionalities.
Cons
Customer support can be improved to further improve the likelihood of choosing to use the software.
Rating breakdown
Time used: 1-2 years
Frequency of use: Occasionally
Likelihood to recommend
Pros
Ease of use, ability to customise access for different parties, ease of managing documents
Cons
Nothing I can think of to be honest. All aspects of the package work seamlessley
Rating breakdown
Time used: 2+ years
Frequency of use: Weekly
Likelihood to recommend
When there was a change in cost of the plan, understand an email was sent. NO RM followed up till we try to increase our plan. No flexibility to change to the new plan immediately. Also the request with the service department was not followed up.
Pros
Options to limit the print, save, watermark and put an expiry date to the document is helpful as we like to segregate our investors into different categories.
Cons
Unable to see what is the total data usage so we are not sure when we are charged for the extra data used previously.
Rating breakdown
Time used: 2+ years
Frequency of use: Monthly
Likelihood to recommend
Pros
Very strong audit capabilities, ability to see level of engagement from the market extremely helpful.
Cons
Some less than intuitive functions :-). Once the RFP closed some difficulties managing the run on Best and Final Offer processes for example.
Rating breakdown
Time used: 6-12 months
Frequency of use: Daily
Likelihood to recommend
Flexible, easy to structure pathways to suit my needs.
Pros
Ease of use and options to create working documents and security
Cons
Had some initial troubles opening documents created
Rating breakdown
Time used: Less than 6 months
Frequency of use: Weekly
Likelihood to recommend
I serve as a secretary on a committee which requires me to use the system every month to upload all the relevant documents. So far the experience has been great.
Pros
The system is well designed and responsive.
Cons
Had a few issues around passwords and accessing the system when I've forgotten my password but understand the extra measures are there for tighter security.
Rating breakdown
Time used: 6-12 months
Frequency of use: Monthly
Likelihood to recommend
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 ability to monitor / restrict exactly what each individual can view and how they can view the information is most helpful.
Cons
It would be good to be able to monitor an individuals security protocols whilst keeping them within the same investment group.
Rating breakdown
Time used: 2+ years
Frequency of use: Daily
Likelihood to recommend
Very helpful program to bring teams together and maintain one set of documents for all users.
Pros
Very easy to add external and internal members and set security groups rather than individually.
Cons
At times the renumbering of documents or bulk upload was not a smooth process.
Rating breakdown
Time used: Less than 6 months
Frequency of use: Weekly
Likelihood to recommend
Always a good experience - the customer support is excellent, and always highly responsive.
Pros
Software is easy to use, and makes customising multiple 'data rooms' for different potential investors easy.
Cons
The pricing model has changed recently which took some explaining to our clients when the price went up.
Rating breakdown
Time used: 2+ years
Frequency of use: Weekly
Likelihood to recommend
Pros
Ansarada is easy to setup and use, and also update documents as required.
Cons
Whilst this is a great platform, we only use the basic features so it is a relatively expensive product for us.
Rating breakdown
Time used: 2+ years
Frequency of use: Weekly
Likelihood to recommend
