The Best Software For Deal Makers
Being a dealmaker takes a lot of research, extensive personal networks, and a killer gut instinct. However, having the right tech stack is also an essential element of a dealmaker’s arsenal. Making investments in a technology platform that has advanced capabilities such as relationship intelligence, custom scoring, AI-powered data warehouses and sophisticated forecasting can assist companies in closing more deals.
Many companies still rely solely on generic tools or multiple collaboration and communication apps to manage M&A processes. These single-use tools not only present security risks, they also create duplicate work and inconsistency in handling data. It is easy for a salesperson who is working with multiple tools for communication and collaboration to miss an important message from a prospect.
The best software is a combination of the two, and offers a clear division of the responsibility between team members. It provides role-based permissions which ensure that only the most relevant information gets seen by every team member. Using an integrated platform also eliminates the need for duplicate tasks and allows for more efficient and accurate analysis of the information that matters most to a firm’s M&A goals.
It’s important to have an centralized repository of information about investments you are interested in, whether you are a corporate development department, a private equity firm or an Full Article investment banker. A pipeline management software can simplify M&A workflows, increase efficiency, and offer a higher ROI.
Sourcescrub, designed by private equity and investment professionals, is an AI-powered deal sourcing platform that provides a comprehensive view of private markets. It is home to more than 15 million companies, 150,000+ sources and billions of datapoints. With sophisticated features and capabilities such as augmented analytics real-time alerts for targets, custom scoring and pre-built CRM integrations, it is a must-have on any dealmaker’s technology stack.
