Use of V-rooms fo audit support
Support is excellent. Staff very helpful at all levels
easy to install, especially now that the users do not have to install anything.
cannot open up multiple windows so difficult to compare multiple documents if a user does not have download permission.
Response from Vault Rooms
Thank you for your review. We are working on the multiple windows concern and appreciate your feedback. We value you as our client.
It was not a good fit for our business
Not the best value for our business. We add clients into a portal at the begining stage to house their documents. We do not charge for this service. I was getting billed through V Rooms as soon as their portal was created. The client was not willing or ready to pay sometimes for 33-4 months
I liked the hought that we could have all of our clients documents housed in one place and set security prefrences with multiple level access.
our clients did not find it easy to add their investors to allow access
Response from Vault Rooms
Leslye, I would like the opportunity to improve your experience with us. We have made some changes that should help with how you want to use the portal. Please reach out to me.
- Karen, CEO
M&A Dream Data Room
Main Street to Small M&A projects. VRooms gives me the power to run the data collection, due diligence and closing with the system comparable to much more expensive data rooms I used for 35 years as a CFO of a multinational corporations.
Not only is it a great way to store and provide access to data, the program allows you to assign tasks to stakeholders. For example, if your sell side client has been tasked with providing copies of significant contracts...the system allows you to assign that task, remind the client via email and notify you of the status. Alternatively, you can see what the buy side has looked at, when they accesses the data and control what the can do with the data. View only, print or not print.
Because of multi-level security features, it can be a bit cumbersome making sure you have everything set so that who is supposed to see it can. For example, you can set security by user, by type of user, by document, by user level 1 to 10 etc. It is easy to get confused if you don't set some internal policies on how you set security settings.
Highly accurate and user friendly. Definitely a reliable tool to manage the company Data.
Worth every penny
V-Rooms provided us with everything we need to manage thousands of documents and their rights of access over a dozen users at a fair price and excellent technical service.
Easy of use
Limited advanced features compared with other more expensive solutions
Excellent Work for Our Deal Team
Since the day we signed up for V-Rooms, myself and the deal team have had a very easy time accessing all the documents we needed uploaded. It was essential in getting the deal done, and for the price, I think it was the best option available. Will definitely keep you in mind for future deals!!
As the manager of the data room, I have experienced numerous problems where a new guest has not received the login email. It's extremely time-consuming to find a work-around.
Adding New Users
Lack of training manual for new users to log into program