Free trial: 30 days
Ease of use
Ease of setup
SmartRoom virtual data room software:
the complete guide
SmartRoom is a web-based virtual data room service provider vested in a seamless data room service for M&A due diligence, educational purposes, and other business-related data room demands. SmartRoom provides an efficient data room system that allows you to upload large files, store confidential documents in a secure database, share files from your email, and index documents in folders and files into your data room.
The SmartRoom data room provider can be conveniently used for document management, fundraisers, and business restructuring. SmartRoom data room services cut across different industries, such as financial, technology, biosciences and more.
SmarRoom’s document management features allow you to seamlessly integrate other cloud file-saving tools like, Salesforce or Office365, into your SmartRoom data room. It’s easier to access content in your data room securely, using the SmartRoom app feature, from the comfort of your phone.
SmartRoom data room features
User and data management
Pros and cons
SmartRoom has a lot of benefits that make it a leading solution for businesses both large and small worldwide. Among the ones most frequently reported by the users are:
- Bulk user import with convenient integrations
- Inheritable security controls for newly uploaded files
- Ability to upload an entire folder structure
- 24/7 technical customer support
- File import directly from cloud repositories
- Convenient interface
- No free trial
- Limited access permissions
Pricing on SmartRoom is quote-based and specific to user needs. However, SmartRoom offers a demo version, so you can always have an overview of the services you’re getting.
On the negative side though, SmartRoom’s quote-pricing might make a user’s decision-making quite difficult, as a user might not have an idea of what to expect until a quote is sent. A fixed pricing policy with customizable options, will help a user determine if the service is within budget and waste no further time to decide.
If any assistance with the platform is needed, SmartRooms offer a 24-hour support service and training on how to use the data room to new users. It also allows users to send emails to stakeholders right within the data room ecosystem.
Also, features on SmartRooms are pretty generic, and common services of other virtual data room providers as well. However, most clients are satisfied with their support, features, and pricing on a larger scale.
Documents are encrypted securely in the SmartRoom database hosted on Microsoft Azure and secured efficiently with encrypted algorithms to keep user data safe and out of unwanted reach. It allows users to revoke access to documents, or destroy them even after they’ve been shared and downloaded by users, via its smart lock feature.
SmartRoom’s activity log allows a data room owner to securely monitor the activities of users within the data room. And on top of that, SmartRoom allows you to hide confidential aspects of a document that you don’t want to share with an end-user by redacting such areas or pages of the document.
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How much is a SmartRoom data room?
SmartRoom data room pricing is not publicly available. However, you can contact the sales department by filling out the form on the official Smartroom website for pricing details.
What is SmartRoom used for?
SmartRoom is used for mergers and acquisitions, due diligence, structured finance, alternative investments, bankruptcy and restructuring, education, and corporate departments. SmartRoom is suitable for all of the above thanks to its tools for organizing large amounts of data and sophisticated privacy protection mechanisms.
What are the main advantages of Smartroom?
The main advantages of SmartRoom are 24/7 project manager support, increased transaction transparency, and unparalleled data protection at physical, technical, and administrative levels. Also, you may benefit from integrations you are used to, including Microsoft Office, Box, and DocuSign.
Is SmartRoom secure?
SmartRoom is secure since all your data is hosted on the Microsoft Azure platform and encrypted by SmartRoom with the latest encryption algorithms and sophisticated mechanisms. Furthermore, you have total control over every single file and all user activity within SmartRoom.