Being a dealmaker requires a lot of research, extensive personal networks and a strong intuition. A well-designed tech stack can also be a potent tool for a dealmaker’s arsenal. A technology platform with advanced capabilities like relationship intelligence, customized scoring, AI-powered data warehouses, and advanced forecasting can help firms close more deals.
However, many firms still rely on single-use, generic tools or multiple collaboration and communication apps to manage M&A processes. These single-use apps pose security threats, but they often result in redundant work and inconsistent data management. It is easy for a dealmaker who is juggling several tools for collaboration and communication to miss a crucial message from a prospect.
The most effective software for deal makers is one that is integrated and offers a clear division of duties between team members. It allows for role-based permissions, which ensures that only the most relevant information is available by each team member. A platform that is integrated reduces duplication of effort and allows faster, more accurate analysis of data for M&A goals.
If you’re an investment banker or a private equity company, or a corporate development department, it is essential to have a centralized repository of data about target investments. A pipeline management software will streamline M&A workflows, boost efficiency, and deliver superior return on investment.
Designed by experts in private equity and investment, Sourcescrub is an AI-powered deal sourcing system that offers an exhaustive view of private market with more than 150,000 sources and billions of data points, and over 15 million companies. Sourcescrub’s advanced features, such as enhanced analytics and real-time alerts for targets, custom scoring and pre-built integrations into CRM, are a must-have in any dealmaker’s tech stack.
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