Datasite Diligence Virtual Data Room Reviews

Summary: Great platform which I would recommend to anyone. I have used Datasite on multiple projects and it has always simplified the processes I have been working on.

Positive: - Easy to use interface - modern UI, very instinctive
- Large choice of functionality and features
- Unmatched support team
- Great Q&A tool

Negative: - New uploads can take a lot of time to come live
- Pricing is higher given vs. other platforms but that's the price of quality

Summary: Overall, my experience with Datasite is positive. The platform is user-friendly and easy to use, would recommend.

Positive: The interface is straightforward, which helps me quickly find, upload, and organize files during due diligence.

Negative: I’ve noticed that larger document uploads can be slower, which is a hassle when I'm working under pressure.

Summary: Very pleasant overall experience. It never gives me any problems and have never had to contact their support team

Positive: I've mostly been a downloader, not an uploader of Datasite, but for those features its always been very intuitive.

Negative: It'd be nice to be able to download files fast if possible

Summary: My overall experience with Datasite is very positive. I like how this platform is efficient and easy to use. I specifically like the redaction features which makes my job a lot more easy and saves me a lot of time. Would definitely recommend.

Positive: The platform is easy to use and navigate. The features available on Datasite are very useful, especially when it comes to automatic redactions and replacing documents.

Negative: Redacting excel documents is not as easy and requires a lengthier process, however, I have not seen other platforms overcome this issue yet.

Summary: Overall, Datasite Diligence delivers a robust, secure, and user-friendly experience that meets the needs of professionals engaged in financial transactions. Its strong document management capabilities, advanced collaboration tools, and comprehensive security measures make it a reliable choice for due diligence processes. While there are some areas for improvement, such as integration options and performance during peak times, the overall experience is highly positive.

Positive: - Security and Compliance: Datasite Diligence provides robust security features, including data encryption, multi-factor authentication, and detailed audit trails.
- User-Friendly Interface
- Advanced Collaboration Tools: It offers a range of collaboration tools, such as Q&A management (very useful), real-time notifications, and document versioning.

Negative: - Learning Curve for Advanced Features while the basic functionality is easy to use, some advanced features and customization options may have a learning curve. Users may require training or support to fully leverage all the platform’s capabilities.

Summary: I'm a user of Datasite Diligence and I like the ease of use of the VDR and the possibility to preview documents before downloads, even large excel files. In addition, downloads are fast and VDR index is fully compatible with Windows address path names.

Positive: - user-friendly
- easy to navigate
- quick downloads
- full compatibility with Windows address paths
- Q&A section easy to use and intuitive

Negative: - no notification in case documents are re-uploaded with the same reference

Summary: Datasite proves to be an excellent choice for those involved in M&A processes. The platform not only offers robust security and advanced collaboration tools but also stands out for its customer support and ease of use. Despite the high cost and a slight learning curve, the benefits far outweigh the disadvantages. Datasite enables efficient and secure transaction management, making it an indispensable tool for companies and advisors operating in the mergers and acquisitions field.

Positive: - Intuitive and User-Friendly Interface: Datasite offers a clean and intuitive interface, making navigation easy even for less experienced users. The functions are well-organized, allowing for quick and simple access to all necessary documents.
- High-Level Security: Security is a top priority for Datasite, with advanced features such as data encryption, two-factor authentication, and granular access controls. These features ensure that sensitive information is always protected.
- Excellent Customer Support: The Datasite support team is available 24/7, providing prompt and knowledgeable assistance. The staff is well-trained and ready to resolve any issues that may arise during the M&A process.
- Advanced Collaboration Tools: The platform facilitates team collaboration with features like comments, annotations, and real-time alerts. This significantly improves efficiency and communication during the critical phases of due diligence.
- Detailed Reporting and Analytics: Datasite offers advanced reporting tools that allow users to monitor activity, view document access statistics, and generate customized reports. These insights are extremely useful for understanding investor interest and focus areas.

Negative: - Cost: Datasite is one of the more premium solutions on the market, and the cost can be high for small businesses or startups. However, the added value justifies the investment for large-scale transactions.
- Learning Curve: Despite the user-friendly interface, some advanced features may take a bit of time to master fully. Initial training is recommended to make the most of all the platform’s capabilities.

Summary: As a user, it's the best VDR I've ever used. In particular, I really appreciate the possibility to have previews of documents directly online and that downloads are very fast. In addition, compared to the main competitors, there are no compatibility issues on document names with Windows, once documents are downloaded.

Positive: - well organised VDR
- presence of the upload date of documents
- presence of a "new documents" section, where recently updated documents can be easily found and filtered
- easy and user friendly Q&A section
- fast downloads, with VDR index completely compatible with Windows operating system.

Negative: - absence of clear notifications for users in case a document is re-uploaded by the counterparty with the same reference

Summary: Outstanding. I hate the feeling of having a problem with a VDR late at night or on the weekend and being stuck on hold with phone support for 30 minutes. Datasite takes care of me right away. But the even better news is that I don't need to call in the first place most of the time as the UI is so intuitive.

Positive: Datasite is more efficient than competitors because it is intuitive--there is no difficulty navigating the site, figuring out bulk downloads, etc. And support is always uber responsive when I need it.

Negative: Nothing--Datasite gives me everything I need and nothing I don't want

Summary: My experience with Datasite has always been positive; we also recommend it to clients when hosting large volumes of documents.

Positive: The documents can be easily organized into folders and the search function is great. It is one of the best VDR platforms, particularly for large volumes of documents.

Negative: No cons - one of my favorite VDR platforms; really is a great platform

Summary: It's my preferred data room. I recommend it to all bankers and clients. It's easy to use and has been excellent.

Positive: So easy to use and the staff is helpful. It has a lot of helpful and unique options - i.e. marking documents read and unread, download unredacted/redacted, seeing things published in a certain time frame, etc.

Negative: The search function could be refined a bit more, but it works.

Summary: Overall, it is a great product. I think allowing easier access to the portal and avoiding the red tape around authentication would be great.

Positive: Ease of use and downloadability. I also liked how straightforward the interface is and that there is a representative that can easily walk you through if there are any question - which there are usually none.

Negative: I do not like the authentication security. It can get quite cumbersome.

Summary: Datasite has become our "go to" source for M&A projects. I expect we will continue to use Datasite as more projects come online.

Positive: Datasite has become our go to for data sharing on both M&A projects. The ease of processes as well as the customer service experience is always on point.

Negative: Nothing that I can say so far in my experience. Every project has been easy to work on.

Summary: My experience is good with the admin system. The team support is very fast to respond to tickets and proposes the best solutions.

Positive: Datasite is a good system to share documents and mapping logins or download. It is very interesting to use for audit and other activity.

Negative: I didn't have a questions. I would review the extra data costs.

Summary: Overall, I have enjoyed using this product and have found it reliable relative to other data rooms. I think the support makes it easy to find help whenever I run into questions.

Positive: Datasite Diligence is easy to use and navigate - it is intuitive to figure out how to use and the support staff is always available to help.

Negative: It can be a little more expensive than some alternatives but I think the price tends to be worth it.