Merrill Datasite Review

What is Merrill Datasite?

If your corporation needs a safe and reliable solution for data storage, a cloud isn’t enough to satisfy your demands. You need a specifically tailored technology, and that’s where a secure data room comes in. Merill complies with the strictest demands of the industry and offers comprehensive virtual data room services for secure storage, sharing, and editing of files. Besides, it serves as a convenient collaboration platform for business internal staff and third parties.

Merill datasite is available as a web-based and cloud option – there is no mobile application. Users admit it offers a simple and intuitive interface, and the range of functions provided makes it a highly flexible solution. It is a suitable data room for M&A and due diligence processes, deals, as well as audits and collaboration.

Main features of Merrill Datasite

Merill data room stands out from the crowd of similar solutions because it may seem to be a solution tailored for big deals and collaboration only. There’s a grain of truth in it. However, the list of functions impresses:

• Options for contract management and creation (drafting, templates);
• Tracking of task completion;
• Workflow approval;
• Lifecycle management;
• Search through document text.

The advantages and disadvantages of  Merrill Datasite

Being a business-oriented virtual data room Merill focuses on financial operations and content management. However, it’s not equally suitable for all businesses – it lacks some crucial options. Let’s observe its pros and cons.

In fact, virtual data room Merill lacks a lot of features provided by its competitors, such as iDeals or box. The biggest gap here is security: without virus scanning and encryption, you cannot be sure about the total safety of your files.