To be a dealmaker you must conduct extensive research, have a solid personal network, and have a killer instinct. The right tech stack can be a useful tool in the arsenal of a dealmaker. Investing in technology platforms with advanced capabilities, like relationship intelligence and custom scores, AI-powered databases, and complex forecasting, can help firms close deals.
But many view it firms still rely solely on generic tools or multiple communication and collaboration applications to manage M&A processes. Not only do these single-use apps pose security threats however, they often result in duplication of work and inconsistency in data management. This can cause buyers to miss a crucial prospect’s message when managing multiple collaboration and communication tools.
The best software is integrated, and it gives clear definition of responsibility between team members. It offers permissions based on role that ensure only the most relevant information gets seen by each team member. Integrating the platform removes duplicate work and enables more efficient and accurate analysis of the data that is important most to a firm’s M&A goals.
If you’re an investor banker, private equity firm, or a corporate development department it’s essential to have a central database of information about your target investments. A pipeline management software will streamline M&A processes, improve efficiency, and deliver superior return on investment.
Sourcescrub was developed by private equity and investing professionals is an AI-powered platform for deal sourcing that provides a comprehensive view of private markets. It is home to more than 15 million companies and 150,000+ sources as well as billions of datapoints. With advanced features and functionality such as augmented analytics, real-time alerts for targets, custom scoring and pre-built CRM integrations, Sourcescrub is a must-have on any dealmaker’s technology stack.
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