merrill datasite review

Datasite

4.4/5.0
merrill datasite review
Datasite
4.4/5.0

Intro to DataSite (Merrill)

Knowing which merger or acquisition to agree within business involves risk. One bad decision could result in a company becoming bankrupt, so it is advisable to access expert guidance and insight. Designed to help you make the best business deal, Datasite analyses up-to-date market information to support you in making the right decision.

Previously known as the Merrill Corporation, Datasite operates across the world. But what are their features and how are they unique to other virtual data rooms?

Datasite features

Datasite offers real-time and predictive content across its services, helping dealmakers achieve success. What is different about Datasite and the features that they can offer you, however?

Redaction

As the only virtual data room that enables built-in redaction, Datasite is the perfect choice for your due diligence documents. Being able to redact any necessary information is a priceless feature for some companies and their deal preparation. This ensures that you can manage your documents effectively throughout the lifecycle of deals.

Analysis

Enter Datasite to access sophisticated analytics that you can trust, underlining the available opportunities to make deals and complete transactions. Datasite analyses company data and relevant merger and acquisition activity to review potential investments.

Real-time information

Future trends are highlighted using the latest technology, enabling your company to make the best decision through this easy process.

A detailed analysis and important case studies are integrated to determine the future of mergers and acquisitions across the world. Your company will receive the latest real-time information from this leading software to ensure your deals succeed.

Multiple deal drivers

Datasite offers more in their SaaS platform. Expert analytics help you to understand and develop data and insights into potential deals. They can also help you every step of the way until the transaction is complete, including post merger integration.

Some other organizations focus solely on mergers and acquisitions, but Datasite values all deal success! You can focus on all aspects of company deals and due diligence — from bankruptcies, divestitures, fundraising, and IPO.

Customer service

Covering 20 different languages, the customer service team at Datasite are there for you when you need them. You can access help from the experts over the phone, or through the online portal. You can receive the answers that you need in a simple way.

Training

Datasite also offers support in the form of a certification program, providing your team with the tools and skills they need! Compliance with the program will continue the benefits experienced by your business!

A simple process enables you to join software training, overcoming previous challenges. The VDR Certification Foundation begins with data and VDRs and the benefits of VDR in the industry. You will then complete a scenario using VDR and complete an assessment of the technology.

Security

Security is paramount for Datasite, allowing organizations to know that their data is safe with Datasite’s technology. Due diligence and data is secure throughout the lifecycle of the deal.

Review the specific security information when you sign up to Datasite.

Additional features

As well as merger and acquisition transactions, clients can enjoy a range of benefits from Datasite. The Datasite team can advise you about up-to-date legal and private equity matters, as well as investment banking.

Furthermore, files can be uploaded and viewed just like any other data room. Partners can collaborate across the entire platform, using tools to prepare the deal and due diligence. You can view documentation and effective solutions and compliance, aiding collaboration for your company.

Datasite offers the usual features of a virtual data room such as being able to easily search for a document. Optical character recognition is apparent, in addition to being able to search for text.

Pros and cons of Datasite

Datasite offers you a range of benefits, but what are Datasite’s pros and cons?

Pros

Datasite is a data room suited to larger companies who know their market. The site can be used for a vast range of purposes, accelerating transaction success and limiting potential issues that arise. The redaction feature is perfect for diligence and enhances ironclad security for your company, partners, and clients.

Previously known as the Merrill Corporation, Datasite possesses extensive knowledge and experience. They are experienced in all areas of mergers and acquisitions, restructuring, fundraising, and strategic repository.

Useful additions of Datasite include up-to-date notifications and emails, notifying you when new documents have been uploaded. Text recognition is available when searching for a document, with the interface of the site being very user friendly. Optical character recognition ensures that your document is searchable.

The customer service from Datasite offers 24/7 support team help and advice. The customer service team offers support across 20 different languages, providing users with help from anywhere in the world. Click on the site to read important frequently asked questions that dealmakers want to know! You can view support or the solution to your problem, or phone a Datasite expert for tailored help.

Cons

For anyone new to the business industry, there is a lot of information to navigate on the Datasite platform. However, to users experienced in the world of business and company transactions, Datasite is great to use! The cost can be quite high, although you are receiving a great deal of features and expertise from your subscription. You have full support and guidance throughout the lifecycle of your deal.

What solutions does Datasite cover?

Datasite is a well established data room for large companies who want to make deals effortlessly. Previously known as the Merrill Corporation, or Merril data room, Datasite is designed for longevity in the VDR business!

Using Datasite, organizations are able to centralize diligence to improve and develop collaboration. This significantly speeds up the process for dealmakers.

A vast amount of data and documents can be uploaded to the platform. You can then organize your files and any partner information tailored to your needs. Furthermore, designed checklists and streamlined processes with clients will help you to quickly make amendments where necessary.

Datasite offers users the ability to use automated redaction. You can make sure that you do not miss out any words that should have been redacted if done manually!

In addition, competition activity can be tracked, providing insight and answers related to the best deals available. Reports are compiled regularly and can be sent straight to your inbox so you never miss out!

Datasite pricing

A free trial is available to you so that you can experience Datasite firsthand. However, the entire software package does require payment and is tailored to the needs of your business.

Visit their website for more information Visit Website

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4.4

Based on 10 reviews

Last reviewed on
July 30, 2020

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  1. Alexander W. Project Manager Finance
    Review date:July 30, 2020
    Industry:
    Financial Services
    Market Size:
    Low-Market
    Review Source:
    G2

    I’ve decided to choose Datasite when I saw their rebranding. The interface now is quite minimalist and easy to use — you wouldn’t even think that this data room isn’t some cool startup. I especially enjoy the graphs in reports. They’re very colorful, and we often use them during board meetings as a part of our presentation to show the results of recent deals.

  2. Hashim J. Finance Manager
    Review date:June 5, 2020
    Industry:
    Financial Services
    Market Size:
    Low-Market
    Review Source:
    G2

    My company was using Merrill for due diligence for quite a while, but now we’ve switched to iDeals. It’s cheaper, and it offers way more features than datasite does. So I am not sure if Merrill is worth that money.

  3. Syeda W. Investment Consultant
    Review date:April 21, 2020
    Industry:
    Financial Services
    Market Size:
    Low-Market
    Review Source:
    Capterra

    I quite like what they did with the data room after the design change. It became much easier to use, and I like the interface more now. The features remain the same – and they’re rather standard. I can’t tell that this data room offers anything unusual.

  4. Zack F. CEO
    Review date:March 27, 2020
    Industry:
    Financial Services
    Market Size:
    Low-Market
    Review Source:
    Capterra

    It’s a basic yet good data room that is a bit overpriced, in my opinion. I might switch to another provider as I find a better or at least cheaper option.

  5. Clyde C. Accountant
    Review date:March 13, 2020
    Industry:
    Accounting
    Market Size:
    Enterprise
    Review Source:
    Capterra

    I’m using this data room for M&A, and I find it sufficient and rather simple. However, I didn’t try using it for any other purposes so far.

  6. Anderson B. Process Development Engineer
    Review date:September 15, 2019
    Industry:
    Financial Services
    Market Size:
    Low-Market
    Review Source:
    Capterra

    Our company switched to Merrill virtual data room just recently, and we so far like this software. This provider performs better than the previous one, and we got used to Merrill quickly. It is easy to work with files in this data room, especially thanks to text recognition.

  7. Phil S. Finance Executive
    Review date:September 1, 2019
    Industry:
    Financial Services
    Market Size:
    Low-Market
    Review Source:
    Capterra

    We’re using Merrill VDR for M&A as a sell-side, and it works well for us. The interface looks to me somewhat outdated, but that’s not a big deal. It is easy to understand – that’s what is important. And our partners don’t seem to have any issues with this data room.

  8. Dustin T. Chief Development Officer
    Review date:May 29, 2019
    Industry:
    Financial Services
    Market Size:
    Low-Market
    Review Source:
    Capterra

    We were using Merrill virtual data room for several years, and it fits our needs entirely. Sure, we had some inconveniences throughout our experience. But the support team is always very helpful. I believe that this provider will fix even those smallest drawbacks it has any time soon.

  9. Denholm H. Director of Legal Operations
    Review date:March 23, 2019
    Industry:
    Financial Services
    Market Size:
    Low-Market
    Review Source:
    Capterra

    Merrill data room is very straightforward and pleasantly-looking, in my opinion. We are completely satisfied with all the features it offers. And over the time we’re using it – a couple of months – we’ve never experienced downtimes. However, maybe in the future, we will spot some flaws.

  10. Lola W. Strategy and Marketing Advisor
    Review date:January 1, 2019
    Industry:
    Financial Services
    Market Size:
    Low-Market
    Review Source:
    Capterra

    We find DataSite Merrill to be very simple in terms of the user experience. None of our team members or partners had any issues using this data room. However, we haven’t invited our clients to it yet. But I believe, they will find the interface intuitive, too.

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