Merrill is one of those old-fashioned companies that exist for decades. It began its journey in 1967 and transformed into virtual data room service as technologies evolved. Today it’s one of the most famous providers, mostly, of course, because of its vast experience. Although, there are many the least to say old vendors that offer a rather mediocre product. It that the case with the Merrill data room? We will find out in a minute.
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The first thing to mention is the focus of this provider. Merrill data site offers solutions for complex deals held by big corporations. So among its customers, you will see a lot of giants from Wall Street. Of course, that doesn’t mean that smaller companies can’t use this vendor. But what it does mean is that you can expect prices to be higher.
Unfortunately, Merrill doesn’t offer a free trial, but there is a free demo. We advise you to ask for it before paying for the service. Thus, you can see the software from the inside and understand if you would like it or not.
On the paper, Merrill virtual data room looks great. You can upload huge .zip files up to 50 GB, publish papers now or schedule them to go online at a certain time, and put placeholders on folders and files. Also, the software can recognize 11 languages, so working with PDF files will not be an issue. And if you don’t want to put documents in the repository yet, use a Sandbox to prepare them there first.
With all these benefits, we would expect the search to work perfectly, especially considering that Merrill highlights a “powerful search” on its website. However, users are not satisfied with it, saying that it doesn’t work properly, and they often can’t find needed files.
When it comes to collaboration features, Merrill dataroom does a good job. The software notifies users on new uploads accelerating the deal. A setup wizard for Q&A section allows quickly create Q&A teams, categories and decision rights. Using a dashboard, a manager can maintain order in the Q&A section. Also, you can create FAQ fast uploading questions in bulk from a .exe file.
Another benefit users highlight is the report tool. It creates beautiful and informative reports that offer business owners many useful insights. Also, users can create custom dashboards to get more detailed information on the KPI of the deal. You can export all the data into Excel, PDF or email. Moreover, current Merrill customers mention that not only the reports itself are simple and good-looking but the whole interface as well. They find it intuitive and pleasant.
The last but not least detail to highlight is that you can access Merrill VDR using your mobile device. Thus, users can reach the information at any moment from anywhere. Some customers dislike the mobile interface, but we feel like it’s more of personal preference. In general, Merrill datasite is totally worth its price.