Merrill Datasite

Merrill logo

Merrill is a rather large and old corporation that dates back to 1967. It began its journey way before the Internet became a necessary part of our lives and switched to online when everyone did. So this provider had quite a lot of time to gather valuable experience and insights on all those small secrets that make a successful business.

This data room is suitable for Mergers and Acquisitions, and, of course, due diligence. It might feel insufficient for some other needs. However, most companies will find Merrill DataSite a good fit for their needs. So you should consider it regardless, even if you need a solution for some other activity than Mergers and Acquisitions. Although you might feel like this data room is a bit overpriced, there is quite nothing unusual in it. But that’s the money you have to pay if you want to use Merrill along with other Wall Street corporations that are clients of this provider.

DataSite doesn’t offer any unique features, but all the functions it has are working perfectly well. So let’s take a look at what you can get if you stick to Merrill.

Security measures

Just like other trusted vendors, Merrill uses AES 256-bit encryption and TLS 1.2 protocol to protect both the files and data transfer ways. The data room is covered with all the certificates businesses from different fields need so that you can use it without any worries about compliance.

Of course, there must be safety functions for data room owners to use. Merrill offers 2-factor authentication that is crucial to prevent human errors from happening. To control the activity of users, the administrator of a VDR can grant different permissions and levels of access for different files and participants of the deal. And to safeguard the data from unauthorized use, data room owners can use custom watermarks.

Ease of use

You can upload the files in bulk using a simple drag and drop feature. Also, you can decide whether you want to publish uploaded documents right now or a but later. Once all files are online and ready to use, you can invite participants of the process with just a couple click adding a customized project disclaimer if needed.

New members won’t feel lost entering the data room for the first time as the interface is very intuitive. They will easily find all the features since they’re organized very neatly. Also, users will be able to find the required document in no time thanks to the robust OCR search.

The Q&A section will accelerate the deal significantly. You can assemble it in advance adding answers to the most frequently asked question and then update the document as needed. The questions can be uploaded in bulk or the form of an Excel file.

The administrator of the room can see the activity of users and the KPI of the deal thanks to the analytics tool. It will provide the business with useful ideas and insights on how to make the process even more efficient.