Dealmakers need to be able to collect and manage information at the highest level. This includes screening prospects that could pose risks for their portfolio companies and providing in live information on companies, investors, and major players. GPs and LPs must move beyond the traditional CRM systems designed to help sales teams sell widgets or optimizing the sales pipeline and choose a solution that can provide relationship intelligence as well as support for complex data-driven workflows.
The use of a single, integrated solution that manages and protects data helps to eliminate the need for duplicate efforts and improve task management. Dealmakers can also improve workflows by automating manual tasks, which reduces human error, and thereby saving valuable time that they can use to focus on other aspects of their job.
Software for Deal Makers
Many vendors provide software to assist with the M&A process. These include 4Degrees Midaxo and Smartsheet. The primary difference between these options is that DealRoom is specifically geared towards M&A as it provides document and project management in one place with advanced access to granular permissions.
DealRoom lets dealmakers customize dashboards and reports to their specific needs, and integrates with the tools they already use (such as Slack) for seamless experiences. This allows team members to gain access to the information they require without having to switch between applications to improve productivity and communication.
You deserve a tool that will expand with you, regardless of regardless of whether you’re a young investment banker or an associate at a firm that specializes in private equity. It should also help you to make deals that are as lucrative as you can. Schedule a demo to see how our platform can help you improve your workflows to improve operational efficiency and enhance the management of relationships with advanced relationship intelligence.