To be a dealmaker, you need to do extensive research, have a strong personal network, and a sharp sense of. But the right tech stack is also an essential part of a dealmaker’s arsenal. In investing in technology platforms with advanced capabilities, such as relationship intelligence, custom scores, AI-powered databases and complex forecasting, can help firms close deals.
Many firms still depend on single-use tools that are generic or multiple applications for collaboration and communication for managing M&A processes. These single-use tools pose security risks and pitfalls, but they also result in a duplication of effort and inconsistent data management. It is easy for a salesperson who is trying to manage multiple communication tools and collaboration tools to miss a crucial message from a potential client.
The most effective software for deal makers is fully integrated and clearly defines the division of duties between team members. It provides role-based permissions that ensures only the most pertinent data is available to each member of the team. Integrating the platform removes duplicate work and allows for quicker, more precise analysis of the data that is important most to a company’s M&A goals.
If you’re an investor banker or a private equity company, or a corporate development department, it’s vital to have a centralized repository of data about target investments. A pipeline management tool can simplify M&A processes and improve efficiency. It also offers the highest ROI on investment.
Designed by professionals from the fields of private equity and investment, Sourcescrub is an AI-powered deal sourcing system that offers an extensive view of the private markets. It has 150,000+ sources and billions of data point, and over 15 million companies. With advanced features and functionality like augmented analytics real-time target alerts, customized scoring, and already-built CRM integrations, Sourcescrub is a must for any dealmaker’s tech stack.
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