To be a dealmaker you need to do extensive research, have a strong personal network, and a sharp sense of. However, a well-designed tech stack is also an integral element of a dealmaker’s arsenal. Making investments in a technology platform with advanced capabilities like relationship intelligence, customized scoring, AI-powered data warehouses, and advanced forecasting could aid companies in closing more deals.
However, many firms still rely solely on generic tools or multiple communication and collaboration applications to manage M&A processes. These single-use platforms not only pose security risks, but also cause duplicate work and in inconsistent data handling. It is questions before the board meeting easy for a salesperson who is trying to manage multiple tools for communication and collaboration to miss a crucial message from a potential customer.
The best software is integrated, and it allows for a clear division of responsibility among team members. It allows for role-based permissions, which ensures that only the most relevant information is available by every team member. The use of an integrated platform eliminates duplicate work and allows for an efficient, more precise analysis of the information that matters most to a firm’s M&A goals.
It is essential to have a central repository of information about target investments, whether you are a corporate development department, a private equity firm or an investment banker. A pipeline management tool can simplify M&A processes and increase efficiency. It also offers better returns on investment.
Designed by professionals from the fields of private equity and investment, Sourcescrub is an AI-powered deal sourcing platform that gives a comprehensive view of the private market with more than 150,000 sources, billions of data points, and over 15 million companies. With sophisticated features and capabilities like augmented analytics, real-time target alerts, customized scoring and pre-built CRM integrations, Sourcescrub is an essential component of any dealmaker’s tech stack.
