The Best Software For Deal Makers
Being a dealmaker takes a lot of research, a strong personal network as well as a sharp intuition. The right tech stack could also be a powerful tool in the arsenal of dealmakers. Making investments in technology platforms that offer advanced capabilities, such as relationship intelligence customized scores, AI-powered databases, and advanced forecasting, can aid companies in closing deals.
However, many firms still rely solely on generic tools or multiple collaboration and communication apps to manage M&A processes. Not only do these single-use platforms pose security risks however, they often result in redundant work and inconsistent data management. It is easy for a salesperson who is trying to manage multiple tools for communication and collaboration to miss an important message from a prospective client.
The best software is integrated, and it allows for a clear division of responsibility among team members. It offers role-based permissions that ensures only the most pertinent information is available to every member of the team. A system that is integrated can eliminate duplication of effort and allows faster, more accurate analysis of data to support M&A goals.
It’s important to have a central repository of data about the investments you’re interested in, regardless of whether you are a corporate development department or a private equity firm or an investment banker. A pipeline management program can simplify M&A processes, improve efficiency, and deliver superior ROI.
Sourcescrub, designed by private equity and investment professionals is an AI-powered platform for deal sourcing that gives a complete overview of private markets. It hosts more than 15 million companies as well as 150,000+ sources and billions of datapoints. With sophisticated features and capabilities like augmented analytics real-time target alerts, customized scoring, and already-built CRM integrations, Sourcescrub is a must-have on any dealmaker’s technology stack.