To be a dealmaker you need to conduct thorough research, have a strong personal network, and have an uncanny sense. However, a well-designed tech stack is also an integral part of a dealmaker’s toolbox. Making investments in technology platforms that offer advanced capabilities, such as relationship intelligence custom scores, AI-powered databases and advanced forecasting, could help firms close deals.
Many firms still depend on the same-type, one-off tools as well as multiple collaboration apps and communication apps to manage M&A processes. Not only do these single-use tools pose security risks, but they often result in duplication of sites work and inconsistency in data management. This makes it easy for a dealmaker to miss a crucial prospect’s message while managing multiple collaboration and communication tools.
The best software for deal makers is a system that is integrated and offers a clear division of duties between team members. It has role-based permissions which ensure that only the most relevant data is available to each person on the team. A platform that is integrated eliminates the need for reworking and enables faster, more precise data analysis to meet M&A goals.
If you’re an investor banker or a private equity firm or a corporate development department it’s essential to have a centralized repository of information on your prospective investments. A pipeline management software can simplify M&A workflows, boost efficiency, and provide a superior ROI.
Designed by experts from private equity and investment, Sourcescrub is an AI-powered deal sourcing platform that gives an exhaustive view of private markets with 150,000+ sources, billions of data points, and over 15 million companies. With advanced features and capabilities like augmented analytics, real-time target alerts in real time, custom scoring, and built-in CRM integrations, Sourcescrub is a must-have on any dealmaker’s tech stack.
