Nice, clean interface. It was very easy to get started and configured. We alredy understood what a dataroom was for, so we didn't need any ramp time on the concept. Very easy to configure folders and upload content. We were able to organize our data exactly the way that we wanted to. Security is fine-grained, so we are able to have multiple levels of access for our potential investors. Folks that are ready to do detailed due-diligence can get one level, while tire-kickers can be given more limited access. Good reporting interface on user activity. It will "auto-number" your skeleton of folders for you -- or you have the opportunity to use your own numbering scheme (which we did).
What do you dislike?
No native iOS or Android app. So it's a bit klunky to use when you need to get somebody new access while hustling between planes. Would like a more flexible "contact management" system so that we could personalize the intro emails that get sent out. This is probably more of an issue for Private Equity shops as opposed to Investment Banks selling a company. While an Investment Bank might give 20 people access to a data room -- we have the potential to give HUNDREDs of people access. Would prefer to be able to add contacts in a nice interface and then have the login emails customized to say "Welcome [Jane Doe], yadda, yadda, yadda".
Recommendations to others considering the product
Very easy to do a trial of the software -- so do it. Much nicer interface as compared to the older products like RR Donnelly
What business problems are you solving with the product? What benefits have you realized?
We use ansarada to provide our potential investors will secure, controlled and logged access to our investment data -- returns on deals, financial models, team bios, reference lists, company presentation. There are any number of "classic" platforms for this -- and they are all pre-Web 2.0 -- clunky, terrible graphics, they look like Internet Explorer circa 1995. Ansarada is sleek and modern -- like us ;) You could write your own platform using something like Squarespace, or create folders in DropBox -- but don't . You'll want the control and detailed reporting that you get from ansarada.
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