TrustRadius: an HG Insights company

DealRoom vs. SecureDocs, An Onit Product

Save this comparison

Save this comparison

Add Product

Recommended Comparisons

    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    DealRoom

    Score8.1 out of 10
    Mid-Size Companies (51-1,000 employees)
    DealRoom in Chicago offers their flagship application to support due diligence in data exchange related to deals between organizations and entities (notably mergers and acquisitions) with automation, risk detection via request tracking, easy document location, all under the auspices of compliant and controlled information transaction rules.

    $1,250

    per month single project

    SecureDocs, An Onit Product

    Score8.4 out of 10
    N/ASecureDocs in Goleta, California offers their Virtual Data Room as a deal room and secure corporate document vault, offering permission-based user roles, dynamic watermarking, drag-and-drop uploads, and other ease of use features that also maintain security.

    $250

    per month

    Pricing
    DealRoomSecureDocs, An Onit Product
    Editions & Modules
    DealRoom Pipeline
    $1,000
    per month (billed annually)
    DealRoom Diligence
    $1,250
    per month
    DealRoom Integration
    $7,500
    per year per project
    DealRoom M&A Platform
    Contact Sales
    12 Month Plan
    $250
    per month
    3 Month Plan
    $400
    per month
    Volume Package Options
    Contact Us
    annually
    Offerings
    Pricing Offerings
    DealRoomSecureDocs, An Onit Product
    Free Trial
    NoYes
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details
    More Pricing Information
    Community Pulse
    DealRoomSecureDocs, An Onit Product
    Considered Both Products
    DealRoom
    No answer on this topic
    SecureDocs, An Onit Company
    No answer on this topic
    Key User Insights
    Would buy again
    100%
    Would buy again
    6 Answers
    80%
    Would buy again
    4 Answers
    Delivers good value for the price
    No answers on this topic
    80%
    Delivers good value for the price
    4 Answers
    Happy with the feature set
    100%
    Happy with the feature set
    6 Answers
    80%
    Happy with the feature set
    4 Answers
    Lived up to sales and marketing promises
    No answers on this topic
    No answers on this topic
    Implementation went as expected
    No answers on this topic
    No answers on this topic
    User Ratings
    DealRoomSecureDocs, An Onit Product
    Likelihood to Recommend
    9.2
    (11 ratings)
    8.6
    (5 ratings)
    Likelihood to Renew
    9.1
    (1 ratings)
    -
    (0 ratings)
    Usability
    9.1
    (1 ratings)
    -
    (0 ratings)
    Support Rating
    9.1
    (1 ratings)
    -
    (0 ratings)
    User Testimonials
    DealRoomSecureDocs, An Onit Product
    Likelihood to Recommend
    DealRoom
    Well suited for projects where a large number of files need to be securely exchanged with clients. Not very suitable if the engagement does not involve heavy data exchange. We have used it in multiple M&A and due diligence projects and it works like a charm. I strongly recommend DealRoom
    Incentivized
    Read full review
    SecureDocs, An Onit Company
    It would be better if there were better chat features that would allow for more collaboration with others.
    Incentivized
    Read full review
    Pros
    DealRoom
    • Fixed cost pricing is unique and refreshing. Saves headache and worry throughout the process and with the client.
    • Internal Diligence Tracking through the requests feature is a game-changer. Prevents inefficient excel trackers and unnecessary emails throughout the process.
    • GUI and interface are clean and easy to use.
    • Customer support and response to inquires is timely and helpful.
    Read full review
    SecureDocs, An Onit Company
    • Perfect platform on easy documentation and file accessibility.
    • Highly capable document editing tool.
    • Sharing of data is effective.
    Incentivized
    Read full review
    Cons
    DealRoom
    • DealRoom doesn't currently have an option for automatic weekly user analytics. I hope to see this feature implemented soon.
    • The software is easy to use, as mentioned before, however, utilizing the setting buttons for folder structures can be difficult to understand at first.
    Read full review
    SecureDocs, An Onit Company
    • User interface.
    • Layout.
    • How-to guide.
    • Easy to email documents to others for filling out needed information.
    Incentivized
    Read full review
    Likelihood to Renew
    DealRoom
    DealRoom is very easy to use and has a clear interface and all the features we needed.
    Read full review
    SecureDocs, An Onit Company
    No answers on this topic
    Usability
    DealRoom
    It was the most intuitive data room platform that i used in my work
    Read full review
    SecureDocs, An Onit Company
    No answers on this topic
    Support Rating
    DealRoom
    Support is very friendly and answers fast.
    Read full review
    SecureDocs, An Onit Company
    No answers on this topic
    Alternatives Considered
    DealRoom
    DealRoom provides a superior product. We select DealRoom for most of our engagements mostly due to the advanced Due Diligence capabilities that it provides. However, the ease of use, speed, and simplicity of the product are also factors that inspire us to choose DealRoom as our "go-to" provider.
    Read full review
    SecureDocs, An Onit Company
    This is my first VDR
    Incentivized
    Read full review
    Return on Investment
    DealRoom
    • It helped us manage documents and share info between our firm and the potential investors and clients. And also helped to manage internal processes and keep an eye on everything in the company.
    Read full review
    SecureDocs, An Onit Company
    • Saving documents is really secure and easy.
    • User roles for accessing documents.
    • Round the clock availability.
    Incentivized
    Read full review
    ScreenShots

    SecureDocs, An Onit Product Screenshots

    Screenshot of Corporate Repository - Get your data room set-up in minutes with easy drag and drop uploads or your Fujitsu ScanSnap Scanner.Screenshot of Customizable Dashboards - Fully customizable dashboards and real-time user statistics allow you to analyze the activity of individuals or groups to gauge buyer or investor interest.Screenshot of Electronic Signature - Quickly execute corporate agreements and transaction documents using our built-in electronic signature feature.Screenshot of Customizable Watermarks - Remind users that information in your secure data room is confidential and track leaks, should they occur, with personally-identifiable watermarks.Screenshot of Audit Log Reporting - Detailed audit logs keeps administrators informed of all data room activity. Includes date and time stamps and optional daily reporting.Screenshot of Permission-Based Roles - Control access to confidential company information with permission-based user roles to define full access, no access, view only, or download.