Being a dealmaker requires a lot of research, robust personal networks as well as a sharp gut instinct. The right technology stack can also be a powerful tool in the arsenal of dealmakers. Making investments in a technology platform that has advanced capabilities such as relationship intelligence, custom scoring and AI-powered data warehouses and advanced forecasting can assist companies in closing 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 platforms not only pose security risks, but also cause duplicate work and inconsistent handling of data. This makes it easy for a dealmaker to miss an important prospect's message when juggling multiple communication and collaboration tools.

The most effective software for deal makers is a system that is integrated and provides a clear line of responsibility between team members. It provides role-based permissions, which ensures that only the most relevant information is available by each team member. A system that is integrated can eliminate the need for reworking and enables quicker, more precise analysis of data to support M&A goals.

It's essential to have an information repository centrally located about investments you are interested in, whether you are a corporate development department or https://boardroomonline.net/how-to-run-remote-board-meetings-effectively a private equity company or an investment banker. A pipeline management software can simplify M&A workflows, increase efficiency, and provide a superior return 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 and 150,000+ sources as well as billions of datapoints. With advanced features and capabilities like augmented analytics, real-time target alerts in real time, custom scoring, and pre-built CRM integrations, it is a must-have for any dealmaker's tech stack.