The Best Software For Deal Makers

Being a dealmaker requires exhaustive research, a strong personal network, and a killer intuition. The right tech stack could be a useful tool for a dealmaker’s arsenal. Investing in technology platforms with advanced capabilities such as relationship intelligence custom scores, AI-powered databases and sophisticated forecasting, will help firms close deals.

However, many firms still rely on one-off generic tools or multiple collaboration and communication apps to manage M&A processes. These single-use platforms not only introduce security risks but also result in duplicated work and in inconsistent data handling. It is easy for a salesperson who is trying to manage multiple tools Full Article for communication and collaboration to miss a crucial message from a prospective client.

The best software is integrated, and gives clear definition of responsibility among team members. It offers permissions based on role that ensure 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 faster, more accurate analysis of the information that matters most to a firm’s M&A goals.

It is essential to have an information repository centrally located about investments you are interested in, whether you are a corporate development department or a private equity company or an investment banker. A pipeline management software can simplify M&A processes, improve efficiency, and give you a better return on investment.

Designed by private equity and investment professionals, Sourcescrub is an AI-powered deal sourcing platform that provides an extensive view of the private markets, with 150,000+ sources, billions of data points and more than 15 million companies. Sourcescrub’s advanced features, including real-time alerts, augmented analytics, for targets, custom scoring and pre-built integrations to CRM, are essential in any dealmaker’s tech stack.

Written by Roberto Contreras