DealRoom Features

DealRoom

Agile M&A project management with due diligence tracking

4.57/5 (224 reviews)

Competitor Feature Comparison

Access Controls/Permissions
Activity Tracking
Alerts/Notifications
Approval Process Control
Assignment Management
Audit Management
Audit Trail
Collaboration Tools
Commenting/Notes
Compliance Management
Customizable Reports
Data Import/Export
Data Security
Data Storage Management
Data Visualization
Dependency Tracking
Digital Watermarking
Document Classification
Document Management
Document Review
Document Storage
Drag & Drop
File Management
Full Text Search
Indexing
Labeling
Lifecycle Management
Monitoring
Prioritization
Progress Tracking
Project Templates
Project Time Tracking
Projections
Real Time Monitoring
Real-time Updates
Reporting & Statistics
Role-Based Permissions
Search/Filter
Secure File Viewer
Status Tracking
Tagging
Task Management
Third Party Integrations
Version Control
Watermarking
Workflow Management
Visit WebsiteCompare App
Access Controls/Permissions
Activity Tracking
Alerts/Notifications
Approval Process Control
Assignment Management
Audit Management
Audit Trail
Collaboration Tools
Commenting/Notes
Compliance Management
Customizable Reports
Data Import/Export
Data Security
Data Storage Management
Data Visualization
Dependency Tracking
Digital Watermarking
Document Classification
Document Management
Document Review
Document Storage
Drag & Drop
File Management
Full Text Search
Indexing
Labeling
Lifecycle Management
Monitoring
Prioritization
Progress Tracking
Project Templates
Project Time Tracking
Projections
Real Time Monitoring
Real-time Updates
Reporting & Statistics
Role-Based Permissions
Search/Filter
Secure File Viewer
Status Tracking
Tagging
Task Management
Third Party Integrations
Version Control
Watermarking
Workflow Management
Visit WebsiteCompare App
Access Controls/Permissions
Activity Tracking
Alerts/Notifications
Approval Process Control
Assignment Management
Audit Management
Audit Trail
Collaboration Tools
Commenting/Notes
Compliance Management
Customizable Reports
Data Import/Export
Data Security
Data Storage Management
Data Visualization
Dependency Tracking
Digital Watermarking
Document Classification
Document Management
Document Review
Document Storage
Drag & Drop
File Management
Full Text Search
Indexing
Labeling
Lifecycle Management
Monitoring
Prioritization
Progress Tracking
Project Templates
Project Time Tracking
Projections
Real Time Monitoring
Real-time Updates
Reporting & Statistics
Role-Based Permissions
Search/Filter
Secure File Viewer
Status Tracking
Tagging
Task Management
Third Party Integrations
Version Control
Watermarking
Workflow Management
Visit WebsiteCompare App

DealRoom Feature Reviews

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

Jesse C.

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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Felipe M.

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 timeline panel.

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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Ovais S.

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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Ashton P.

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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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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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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Gregory R.

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

Spreadsheets can be a challenge to see all cells- you will have to download to get a full file view. 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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Efrain T.

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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Curtis S. C.

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
( 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
Hunter F.

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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Maddie D.

Great due diligence management tool

2021-02-18

Pros

The flexibility of the tool and the ability to track user progress and ping them through the tool to make updates

Cons

The downloading and uploading of documents is a little clunky, otherwise it’s very powerful but super expensive compared to other competitor options

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Weekly

Likelihood to recommend

7/10
Source: Capterra
Helpful?   Yes   No

Response from DealRoom, a Day1 Company


Thanks for the positive review Maddie! Glad the platform has been easy to use and has helped track progress. We appreciate the feedback!

Read more
Richard S.

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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Deanna H.

Single Project Use

2020-09-18

Awesome

Pros

The ability to track progress, how easy it is to download all files and lists in the same organization structure.

Cons

Little clunky on sorting abilities and adding files

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Occasionally

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No

Response from DealRoom, a Day1 Company


Appreciated the feedback Deanna! Glad you had a good experience with the platform and were able to track progress. Thanks again for taking time to leave a review!

Read more
John F.

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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Kenzie S.

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!

Read more
Quinn H.

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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Ben S.

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

Read more
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
Peter D.

Great support and versatility for different customers

2020-02-17

Pros

I found the software to be easy to use and the request tracking functionality makes it easy to communicate with different groups.

Cons

We were able to learn how to use it quickly and found it to be an excellent product!

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No

Response from DealRoom, a Day1 Company


Thanks for the review Peter! Appreciate the kind words and glad the platform was easy to pick up. Thanks again!

Read more
Austin M.

Great data room for users

2020-07-29

Pros

It provided timely notifications when new items were uploaded to the site, and it the folder structure was easy to navigate and search.

Cons

DealRoom was easy to use and access - I can't think of anything that I didn't like about the platform.

Rating breakdown

Ease of use
Features

Time used: 6-12 months

Frequency of use: Occasionally

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No

Response from DealRoom, a Day1 Company


Thanks for the review Austin! Glad had a positive experience and hope you get to work with us again!

Read more
Lauren F.

DealRoom Review

2019-08-13

We use DealRoom for Due Diligence and Integration Planning. We love that it is permission-based, down to folder within a section.

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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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). Also has somewhat of a learning curve, but so do most software products. Very happy overall.

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!

Read more
Alex B.

Great way to organize a merger

2020-07-29

Pros

DealRoom was incredibly useful to allocate requests back/forth in a monthslong merger.

Cons

File management was cumbersome at times.

Rating breakdown

Ease of use
Features

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 Alex! Glad to hear requests helped create efficiency during transaction. Appreciate you taking time to leave a review!

Read more