Parallax vs DealRoom

Side-by-side comparison of features, reviews, pricing and more

Parallax

Category: Project Management Tool
Industries: Business, Marketing, Communication

Pricing

Contact for a Quote

DealRoom

Category: Project Management Tool
Industries: Marketing, Productivity

Pricing

Pipeline

Unlimited Projects

$1,000

Per month, billed annually

Single project, Unlimited users, 5GB data storage

$1,250

Per month, billed annually

20M+ Downloads
5/5

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Parallax reviews

Overall, it's an improvement over Forecast (our previous tool), but performance and ease of use are somewhat prohibitive to rolling this out to the rest of the team for heavier adoption. Despite having so many users, only a few of the people on the team have been able to really use the tools effectively without intensive onboarding.

- Joseph W. Technology Director

The Parallax team is really nice, and I'm rooting for them! I think that in order to be more useful, we could use better communication around release notes (or some expectations about when/what type of communication we can expect). Sometimes I crack it open and there are new features that I find myself needing to learn on the fly. Cool to have new features (and mostly I really can figure them out) but some closing of those loops would be helpful.

- Vanessa S. Head of Client Strategy

I can already see the benefits of adding the Parallax system to our team. It will be very impactful for quick reporting and real-time data. The ramp-up to get the data in was really rough and my expectation was there would be a dedicated team on the Parallax side to help make the ramp-up easier. There was high-level guidance provided but not many proactive "best practices" based on AG's contracts until I brought them to meetings. Have a more standard approach to evaluating company's contracts and how you can easily add them to Parallax would help go-forward

- Robert R. Sr. Manager

DealRoom reviews

Great tool for us to share very sizeable documents at a reasonable cost.

- Mark O. Partner

We haven't tested it in a real project yet, we only set it up and did initial testing and training. has been immensely helpful and many thanks to her. I can provide more insights after testing it in a real project.

- Kinda D. M&A Operations Manager

There are no specific complaints I have with this software. A VDR is supposed to make things easy for us to upload documents in a secure location and Deal Room has solved that problem.

- Kris S. Associate

Pros & cons

Parallax

Pros
Great team to work with, strong future for the software
We didn't want to sacrifice user satisfaction for the new functionality
The Parallax team has been enthusiastic and helpful
Parallax has helped us break away from spreadsheet -based talent planning
It's more stable and reliable than our prior approach and promises to support us well as we grow
The team is amazing, the software is amazing, I literally can't recommend this enough
This is head and shoulders about its competition."

Cons
The URLs don't capture the state of the interface you're looking at (different insight views, date ranges, etc.), making them useless to bookmark and copy/paste to other people
This is made more complicated because URLs can't be bookmarked or copy/pasted to coworkers
The URLs change periodically, which makes them useless to bookmark
Often defaults to views based on quarter and I have to repeat efforts to set my filters
When the team and project sizes get larger, this becomes a problem
There are so many things & options, all in not so obvious locations
Graphs & tables do not have consistent colors across the board and it is hard to locate a key for what everything means."

DealRoom

Pros
We love that it is permission-based, down to folder within a section
It has been abundantely helpful getting visibility and real-time updates to the team members involved
Collaborating with multiple entities and users is a huge win
The ability to track progress, how easy it is to download all files and lists in the same organization structure
My favorite is the ability to download the data room index and keep folders organized."

Cons
Download process on files into a web link, then a zip file, then to PC, then to unzipped format is still a bit time consuming and irritating
I can't say there was anything that I generally disliked
From time to time I have gotten inaccurate and/or misleading results when using the "search" function
The software sometimes is a bit laggy and can be a bit disruptive to the fast paced work environment."

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