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49 reviews
Recommended
Anonymous Reviewer
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Nonprofit Organization Management, 11-50 employees
Used monthly for 1-2 years
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Excellent.
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.
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.
Financial Services, 1-10 employees
Used weekly for 2+ years
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Good support, only issues is as mentioned above.
Good UX, mostly clear to use and functional
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...
Kris S.
Banking, 1-10 employees
Used daily for 2+ years
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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.
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.
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.
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....
Leijie L.
Financial Services, 11-50 employees
Used weekly for 2+ years
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Overall a very positive experience and would use again
Like its user friendliness and ability to manage multiple parties easily
Q&A online functionality could be better improved
Karla R.
Banking, 1-10 employees
Used daily for 6-12 months
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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!
I love the ease of use and the online help pages. Really saved having to watch long YouTube clips or call up (like intralinks!)
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...
Rupert d.
Investment Banking, 1-10 employees
Used daily for 2+ years
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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.
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.
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.
maria F.
Financial Services, 10,001+ employees
Used daily for 2+ years
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-very good, I appreciate your tools, development (e.g. redaction tool) and friendly team!
-Reports -Q&A tool -Bulk upload and download -Friendly customer support -New redaction tool
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
Mailys G.
Medical Devices, 11-50 employees
Used weekly for 6-12 months
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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.
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.
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.
Andrew L.
Import and Export, 51-200 employees
Used daily for less than 6 months
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We have made it to signing an offer so I presume the seller side was able to work with our dataroom better than I could
Uploading information was relatively easy although I did sometimes find it difficult to save it in the desired location
I didn't find the software intuitive. I had real difficulty in navigating around and most often found myself having to return to the home screen and then scroll again through all the questions to find the one i wanted to work on. Often the questioner wanted to change the priority after posting the question & I had trouble matching these. I couldn't get my file structure to work so I always had to navigate from the home base rather than where I had just been I presume a lot of the issues emanated from me being a novice user however I did find it very easy to navigate around the seller's Datasite
Nathan T.
Investment Banking, 1-10 employees
Used daily for 2+ years
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User friendly, customer service, and ongoing support 24/7
lacking security options, would want further additions to water marks and security
Joe K.
Financial Services, 5,001-10,000 employees
Used daily for 2+ years
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Great - would recommend to everybody
Extremely intuitive to use. The email response for Q&A is fantastic!
Security settings are always a handful to get head around if havent used the updated platform.
Gideon V.
Investment Banking, 11-50 employees
Used other for 2+ years
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Great platform, easy to use and to customize to your specific requirements
The user interface and customer support is incredible. Setting up, administering and using an Ansarada VDR is painless and if you do get stuck, amazing customer support is just a click away.
The VDR sometimes works better with certain web browsers, so users on different browsers with different company IT policies struggle with some of the VDR capabilities, for example downloading files, access rights to files etc.
Andrew T.
Investment Banking, 11-50 employees
Used daily for 2+ years
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It is extremely user friendly and the interface is clean.
I think applying the security settings to different user groups could possible be improved.
James C.
Investment Banking, 11-50 employees
Used daily for 2+ years
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Ease of use and straight forward functionality. Great support from web chat.
Reporting system could be improved and be able to customise
Sam G.
Management Consulting, 11-50 employees
Used weekly for 6-12 months
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It was for a divestment process.
Ease of use and access 24/7 knowledgeable support
We signed up for the readiness platform and trialed it internally. It was rejected by the user base and client. We asked for removal of the service, Ansarada refused and contuined to charge for it.
Frank S.
Biotechnology, 1-10 employees
Used weekly for 2+ years
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Very happy with its ease of use and the support from over the ditch (I love Australia...)
The Ansarada team has always been very helpful in the unlikely event(s) of encountering slight glitches. The novel redaction tool is really simple to use and extremely helpful for due diligence purposes.
Personally, I would like to see that the whole data room could be easily copied into a cloud for future reference.
Stefan H.
Utilities, 51-200 employees
Used daily for 1-2 years
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nice tool, simply start using it and it runs perfectly
- easy to use, - exactly what we need helpful chat with service
- easy upload, - Q&A-tool -web-based tool
Dwayne N.
Government Administration, 1,001-5,000 employees
Used daily for 1-2 years
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Security, ease of use, responsive support, good close out functions
Good user protocols are essential - inflexibility (which is a plus) around the hierarchy of admin controls.
Julia D.
Information Services, 501-1,000 employees
Used daily for 6-12 months
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We used the procurement capabilities for a large scale complex RFP. Very strong audit capabilities, ability to see level of engagement from the market extremely helpful.
Some less than intuitive functions :-). Once the RFP closed some difficulties managing the run on Best and Final Offer processes for example.
Tina Z.
Investment Banking, 11-50 employees
Used weekly for 1-2 years
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I am using Ansarada Virtual Data Room for M&A processes.
Ease of use; Various functionality to ensure confidentiality; Ability to set up different groups and subgroups.
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.
Marcello D.
Investment Management, 11-50 employees
Used weekly for 2+ years
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It is widely used in Australia and it is a great easy to use format to upload and download information.
It is easy to use and is able to be used across a number of applications. It provides good tracking of users and helps keep track of authorities between people also.
Headings and some user interface is US centric.
Annie H.
Civil Engineering, 51-200 employees
Used daily for 1-2 years
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Good for transactions
Easy to use and full traceability of access
more features could be added for transactions
Eva V.
Financial Services, 1-10 employees
Used daily for less than 6 months
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Set up in just a few hours, easy to use platform and some ability to track activity
Ability to track activity of investors is limited
Robin P.
Oil & Energy, 51-200 employees
Used daily for 6-12 months
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Real asset to running a professional and efficient deal process
Ease of loading, moving and removing documents Ease of controlling multiple party access levels Easily accessed reporting functions
Can be a bit difficult to handle very large files
Anthony E.
Financial Services, 11-50 employees
Used weekly for 2+ years
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Always a good experience - the customer support is excellent, and always highly responsive.
Software is easy to use, and makes customising multiple 'data rooms' for different potential investors easy.
The pricing model has changed recently which took some explaining to our clients when the price went up.