To be a dealmaker you’ll need to conduct extensive research, have a solid personal network, and a sharp sense of. The right technology stack can also be a potent tool for a dealmaker’s arsenal. Making investments in technology platforms that offer advanced capabilities such as relationship intelligence custom scores, AI-powered databases and sophisticated forecasting, will assist firms in closing deals.
Many firms still rely on single-use tools that are generic or multiple apps for collaboration and communication for managing M&A processes. Not only do these single-use platforms introduce security risks, but they often result in duplication of work and inconsistency in data management. It is easy for a dealmaker who is working with multiple communication tools and collaboration tools to miss a crucial message from a potential customer.
The most effective software for deal makers is fully integrated and provides a clear division of duties between team members. It provides role-based permissions that ensures only the most pertinent data is available to each team member. Integrating the platform eliminates the need for duplicate tasks and allows for quicker, more precise analysis of the information that matters most to a company’s M&A goals.
Whether you are an investment banker or a private equity company, or corporate development department, it’s vital to have a central database of information about your target investments. A pipeline management software can streamline M&A processes and improve efficiency. It also delivers a superior return on investment.
Designed by professionals from the fields of private equity and investment, Sourcescrub is an AI-powered deal sourcing platform that delivers a comprehensive view of the private market with more than 150,000 sources and billions of data points and more than 15 million companies. With advanced features and functionality such as augmented analytics real-time target alerts, custom scoring, and pre-built CRM integrations, it is a must for any dealmaker’s technology stack.
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