To be a dealmaker you’ll need to conduct extensive research, build a strong personal network, and have a sharp sense of. The right technology stack can also be a potent tool in the arsenal of dealmakers. Investing in technology platforms with advanced capabilities such as relationship intelligence, custom scores, AI-powered databases and advanced forecasting, can aid firms in closing deals.
However, many companies still rely on one-off, generic tools or multiple communication and collaboration applications to manage M&A processes. These single-use apps pose security threats as well, but they can also result in a duplication of effort and inconsistent data management. This can cause the buyer to miss an important prospect message when they are managing multiple collaboration and communication tools.
The most effective software for deal makers is a system that is integrated and provides a clear line of responsibility between team members. It is based on role and ensures only the most pertinent information is visible to each person on the team. A system that is integrated prevents the need for reworking and enables faster, more accurate data analysis to meet M&A goals.
It is crucial to have an information repository centrally located about investments you are interested in, whether you are a corporate development department, a private equity firm or an investment banker. A pipeline management software will streamline M&A workflows, increase efficiency, and offer a higher return on investment.
Sourcescrub was developed by private equity and investment professionals, is an AI-powered deal sourcing platform that gives a complete overview of private markets. It hosts more than 15 million companies and 150,000+ sources as well as billions of datapoints. With sophisticated features and capabilities such as augmented analytics real-time target alerts in real time, custom scoring and pre-built CRM integrations, it is a must-have for any dealmaker’s technology stack.
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