DealRoom Features

DealRoom

Agile M&A project management with due diligence tracking

4.57/5 (181 reviews)

DealRoom Feature Summary

  • API
  • Access Control
  • Application Integration
  • Audit trails
  • Auditing
  • Authentication
  • Auto-indexing
  • Automated reporting
  • Automatic Backup
  • Custom labels
  • Custom reports
  • Customizable document permissions
  • Data filtering
  • Data tracking & analytics
  • Deal lifecycle management
  • Diligence management
  • Diligence progress tracking
  • Document activity tracking
  • Document management
  • Drag-and-drop file upload
  • Excel & PDF reporting
  • Full text search
  • Keyword search
  • Message notifications
  • Multiple data rooms
  • Project plan templates
  • Real-time progress tracking
  • Reports/alerts for security breaches
  • Request answer approvals
  • Request dependencies
  • Request import
  • Request management
  • Request monitoring
  • Task assignment
  • Third party integrations
  • Time tracking
  • Visual request lists
  • Watermarking

Project Management & Planning Feature Comparison

Most popular features of all Project Management & Planning apps

API (201 other apps)
Activity Dashboard (129 other apps)
Activity Tracking (121 other apps)
Automatic Notifications (122 other apps)
Collaboration Tools (156 other apps)
Drag & Drop Interface (123 other apps)
Gantt Charts (113 other apps)
Multiple Projects (105 other apps)
Prioritizing (139 other apps)
Progress Tracking (122 other apps)
Project Management (162 other apps)
Project Planning (124 other apps)
Project Time Tracking (165 other apps)
Project Tracking (117 other apps)
Projections (335 other apps)
Task Management (137 other apps)
Task Planning (107 other apps)
Task Tracking (140 other apps)
Third Party Integration (128 other apps)
Timesheets (113 other apps)

Competitor Feature Comparison

DealRoom Feature Reviews

25 reviewers had the following to say about DealRoom's features:

Jesse Chong

Good product just not the right fit

2019-08-10

Positive but was not the right fit for our company needs.

Pros

Appreciated ability to reorder tasks.

Cons

Lacked some project management and analytic tools desired from other competitors.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Free Trial

Frequency of use: Occasionally

Likelihood to recommend

5/10
Source: Capterra
Helpful?   Yes   No

Response from DealRoom, a Day1 Company


Thanks for the review Jesse! Glad you found the platform easy to use even if it wasn't quite the right fit. Appreciate the feedback!

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Ovais Siddiqui

Much needed platform for banking with exceptional ease of use

2018-04-23

Deal Marketing, Documents Upload, Documents Receiving from Clients, Investor Access to Deals

Pros

Dealroom has multiple features that make it easy to use, including very clear and user friendly interface, drag and drop options, pulling and downloading due diligence list directly

Cons

Absence of Microsoft outlook plugin as well as inability to update/track deal marketing progress so you can categorize deals in terms of their status.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Daily

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No

Response from DealRoom, a Day1 Company


Thanks for the review Ovais! Glad you've had a good experience with direct diligence management and appreciate the feedback on deal tracking, definitely something for us to look into. Thanks again!

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Felipe Mahecha

DealRoom as a digital tool supporting M&A teams

2019-11-05

I would recommend it for the improvement support of PM tasks

Pros

The follow-up of the tasks –asignee, start, due date, comments option– and the progress panel

Cons

The fact that is just possible to see the monthly tasks make that panel not very comprehensible and insightful.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Free Trial

Frequency of use: Weekly

Likelihood to recommend

7/10
Source: Capterra
Helpful?   Yes   No

Response from DealRoom, a Day1 Company


Thanks for the great review Felipe! Appreciate the feedback on the timeline panel and thanks for the recommendation as well!

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Anonymous
(Investment Management company, 11-50 employees)

Great Project Management Resource Tool

2018-12-14

Pros

Ease of navigation; ability to assign tasks to individuals; combination of data room with project management

Cons

It would be helpful if you could hover your mouse over the "reply" icon and view the message instead of having to click

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Free Trial

Frequency of use: Weekly

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No

Response from DealRoom, a Day1 Company


Thanks for the review! Great to hear the combination of data room and project management would be useful for you, our main goal is to provide a tool to create efficiency in M&A. Let us know if you have a live project to try using the platform on! Thanks again

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Anonymous
(Investment Banking company, 1-10 employees)

Complete, accessible and easy to use.

2019-07-18

It offers an exclusive feature so I can upload and manage request list!

Pros

Incredible Project Management features and unlimited volume on a monthly subscription!

Cons

It can take 30 min. for support response.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No

Response from DealRoom, a Day1 Company


Thanks for the kind review! Happy to hear using requests to manage diligence and unlimited data has been useful for your process. Also, appreciate the feedback on support, we are always looking for ways to improve so that will be addressed. Thanks again!

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Ashton Phillips

Good Stuff

2019-11-05

Pros

system is pretty easy to use and fairly intuitive.

Cons

Would be great to have some additional tracking capabilities

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No

Response from DealRoom, a Day1 Company


Thanks for the review Ashton! Happy the platform was intuitive and easy to use and appreciate the high recommendation! Thanks again for taking the time to give us feedback :)

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Kenzie Stednitz

Deal Room

2019-07-29

Pros

Relatively easy to use.

Cons

Excessive marketing emails from DealRoom, unrelated to my deal/projects.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Occasionally

Likelihood to recommend

5/10
Source: Capterra
Helpful?   Yes   No

Response from DealRoom, a Day1 Company


Thanks for the review Kenzie! Happy to hear the platform was easy to use. Appreciate the feedback!

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Hunter Forester

Investment Banking Analyst

2018-08-03

Love it - go to VDR

Pros

Ease of use - better than any other VDR I have used due to project management capability

Cons

NA - I truly am impressed by this VDR platform

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No

Response from DealRoom, a Day1 Company


Thanks Hunter! Glad you found the project management capability helpful and great to hear it's your go to. Always feel free to get in touch with our team if you need anything and appreciate the feedback!

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Curtis S. Chu

Most responsive and innovative dataroom provider in the market right now

2018-04-17

Very easy to use

Pros

I love task tracking feature that is unique to the DealRoom software and the fact that you can control permissions down to the individual file level, but what I like the most about this software is the customer suppport.

Cons

There are certain features that I would like to see in the group permissions management section, but I have been told the team is already working on it and the new feature should be out in 1-2 weeks!

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Anonymous
(Accounting company, 10001+ employees)

Review of Dealroom

2019-03-13

It is relatively easy to navigate - however the only problem is tracking what is new and what is information already uploaded.

Pros

Ease of downloading documents relatively quickly to our folders

Cons

Hard to track new data coming through this dataroom ie whats new and whats already there

Rating breakdown

Ease of use
Features

Time used: Less than 6 months

Frequency of use: Occasionally

Likelihood to recommend

6/10
Source: Capterra
Helpful?   Yes   No

Response from DealRoom, a Day1 Company


Hello! Thank you for the feedback and happy to hear the platform was easy to navigate. You are able to filter by date last update in the Requests tab and filer by date uploaded in the Documents tab to keep track of most recent activity. But appreciate you bringing that up as we are always looking to improve the platform. If you have more feedback it'd be great to discuss! Feel free to email me directly julia@dealroom.net. Thanks again for the feedback!

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Efrain Torres

Loved the functionality

2019-03-15

Pros

I really liked their request tracking feature and the project management capabilities to get all of the due diligence requests completed on time.

Cons

Nothing meaningful I can add here as I pretty much liked just about everything I got with this software.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Daily

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No

Response from DealRoom, a Day1 Company


Thanks Efrain! So glad to hear using requests to manage your diligence process has worked well and our team has been supportive for you. Appreciate the kind words and you taking the time to leave a review!

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Lauren Fuertes-Pierre

DealRoom Review

2019-08-13

We use DealRoom for Due Diligence and Integration Planning.

Pros

It's very user friendly and has a clean UI/UX.

Cons

I've sent a product request for a "Checklist" feature to be added.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No

Response from DealRoom, a Day1 Company


Thanks Lauren! Glad the platform has been user friendly and we appreciate the product feature requests as we are always looking to make DealRoom better for all users. Thanks again!

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Ben Salzman

Dealroom Review

2018-12-18

Pros

Easy to access user interface, speed is never an issue.

Cons

No obvious cons, some files have trouble downloading, but assume that is user error more so than Dealroom issues

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Daily

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No

Response from DealRoom, a Day1 Company


Thanks for the review Ben! Glad to hear the interface was easy to use and using requests added value! Appreciate the high recommendation

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Anonymous
( company, 11-50 employees)

Convenient

2018-04-17

Pros

It helps me keep track of the process we're in with a large amount of buyers.

Cons

I wish that your software for DealRoom would enable users to track buyer interests on a page-by-age analysis.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Monthly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Matt Brown

Associate

2018-12-14

Pros

This lets me focus my time on the analysis.

Cons

Other providers you are able to pull statistics on what parties' general activity is.

Rating breakdown

Ease of use
Features

Time used: Less than 6 months

Frequency of use: Weekly

Likelihood to recommend

7/10
Source: Capterra
Helpful?   Yes   No

Response from DealRoom, a Day1 Company


Thanks for the review Matt! Glad to hear the platform was easy to interact with. Our analytics tab allows for breakdown of activity by groups and members as well as per document if that's what you were looking for. Feel free to get in touch if you have any questions! Thank you!

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Anonymous
(Financial Services company, 1001-5000 employees)

The Art of the DealRoom

2019-04-21

Pros

The ability to track tasks is also a lifesaver--when perusing through hundreds of deals a week, it gets quite hectic without software.

Cons

One thing I think the software could improve on is integration with other software (ie Outlook).

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Daily

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No

Response from DealRoom, a Day1 Company


Thanks for the great feedback! Happy to hear our team has been helpful and the platform itself has made your process more efficient. Also, appreciate the feedback on integrating with other software, we are always looking for ways to improve. Thank you for taking the time to leave us a review!

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John Froehlich

Ease of use

2018-08-02

Overall the program is quite beneficial.

Pros

Very easy to load documents and keep projects organized so everyone can review

Cons

changing and updating status could use some tweaking.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Daily

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No

Response from DealRoom, a Day1 Company


Thanks John! Glad uploading documents was easy and you found the platform beneficial. We are always looking on ways to improve the functionality so your feedback is very helpful. Thanks again!

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Richard Smith

DealRoom Review

2019-06-27

It was extremely easy to get set up and the customer service was great whenever I had a question or issue.

Pros

My favorite part of the FirmRoom is how easy it is upload and download documents and to track permission settings for all groups that have access to the room.

Cons

The analytic tools took some time to figure out but once I got the hang of them they became very helpful.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Monthly

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No

Response from DealRoom, a Day1 Company


Appreciate the review Richard! Happy to hear uploading documents and setting permissions was easy to use and thanks for the feedback on the analytics tab. Thanks for leaving us a review!

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Gregory Reppar

Functional software

2018-12-27

A good tool to share, review and track action items (along with the current status of action item).

Pros

You are email notified of all changes/adds to dealroom.

Cons

This can add a little time - when you just want to see a quick response.

Rating breakdown

Ease of use
Features

Time used: Less than 6 months

Frequency of use: Daily

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No

Response from DealRoom, a Day1 Company


Thanks for the review Gregory! Happy to hear you had a good experience and were able to track and update the status of action items. Our goal is to provide a tool to improve efficiency. Appreciate the feedback!

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Anonymous
(Investment Management company, 1-10 employees)

Well-designed Data Room

2018-07-27

The file structure was easy to understand, and downloading was simple.

Pros

The ability to request information through the platform, the download process was easy.

Cons

If this was an internal project, I could see the use for the information request features.

Rating breakdown

Ease of use
Features

Time used: Free Trial

Frequency of use: Occasionally

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No

Response from DealRoom, a Day1 Company


Thanks for your feedback on using requests! If it was ever something you were looking to use in an upcoming project feel free to get in touch and happy to talk about best use cases. Thanks again!

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Shrey Desai

Great platform for our internal and client use

2018-04-17

Pros

We love the customization and drag and drop features

Cons

We wish this platform had more analytical features, and allowed for outlook integration as well as a desktop version that can be installed to our computers in office for quicker access.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Daily

Source: Capterra
Helpful?   Yes   No
Read more
Anonymous
(Food & Beverages company, 11-50 employees)

Extremely Useful for Collaboration

2019-03-12

Pros

We work on a small team that is spread out across multiple offices and this software enabled up to collaborate seamlessly and check on the progress of a task without being intrusive.

Cons

There was a bit of a learning curve but once we figured out the software, it was excellent.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Weekly

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No

Response from DealRoom, a Day1 Company


Thank you so much for the review! Glad your team was able to collaborate and communicate over the platform. Happy to hear after the initial learning curve it was easy to use as well. Thanks!

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Anonymous
( company, 11-50 employees)

High quality and reliable

2018-04-17

Virtual data room to track buyers and provide them access to sensitive company documents for their due diligence.

Pros

We are able to get potential buyers all of the relevant documents in a concise manner and to track who is reading what documents.

Cons

Being used to other virtual data room databases, it takes a bit of time to get up the learning curve on the nuances of DealRoom versus others.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Occasionally

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No
Read more
Quinn Hayward

CRM Update Success

2018-10-22

The DealCloud engine made day-to-day processes much more productive and gave us more time for more important parts of the deal process.

Pros

Ability customize every entry field and data cell Views Ability to export directly to Excel and Word Duplicate entry tracking

Cons

Process to edit fields can be confusing for new users Attaching files can be tedious

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Daily

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No

Response from DealRoom, a Day1 Company


Hi Quinn! I think you may have meant to leave a review for DealCloud instead of DealRoom. Thanks!

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Jessica Kemp

Fluid Functionality

2018-12-14

We've been able to assure effective communications across the office.

Pros

The platform is easy to use and the functionality is extremely practical which makes it both enjoyable and sensible when communicating across different positions in our office, streamlining projects and making us all more efficient.

Cons

It's an extra step that not all of our employees go the extra mile to use.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Daily

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No

Response from DealRoom, a Day1 Company


Thanks for the positive feedback Jessica! Glad to hear the platform is easy to use and has created efficiency for your team, that's our goal! Let us know if there's anything else we can help with

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