To become a dealmaker you must conduct extensive research, have a strong personal network, and an uncanny ability. The right tech stack can also be a potent tool in a dealmaker’s arsenal. Investing in technology platforms with advanced capabilities like relationship intelligence customized scores, AI-powered databases and sophisticated forecasting, will assist firms in closing deals.
But many firms still rely on one-off, generic tools or multiple communication and collaboration apps to manage M&A processes. These single-use tools not only introduce security risks but also create duplicate work and inconsistent data handling. This can cause buyers to miss a crucial prospect’s message when trying to manage multiple collaboration and communication tools.
The most effective software for deal makers is fully integrated and provides a clear division of duties between team members. It allows for role-based permissions, which ensures that only the most relevant information is viewed by each team member. The use of an integrated platform eliminates duplicate work and allows for faster, more accurate analysis of the data that is important most to the company’s M&A goals.
Whether you’re an investment banker, private equity firm, or a corporate development department, it’s crucial to have a centralized repository of information on your prospective investments. A pipeline management tool can streamline M&A processes and increase efficiency. It also delivers the highest ROI on investment.
Sourcescrub created by private equity and investing professionals, is an AI-powered platform for deal sourcing that provides a comprehensive overview of private markets. It is home to more than 15 million companies, 150,000+ sources and billions of datapoints. Sourcescrub’s advanced features, including enhanced analytics and real-time alerts for targets, custom scoring and pre-built integrations with CRM, are essential in any dealmaker’s tech stack.
