Being a dealmaker requires a lot of research, robust personal networks as well as a sharp intuition. However, having the right tech stack is also an integral component of the arsenal click over here now of a dealmaker’s. A technology platform with advanced capabilities like relationship intelligence, custom scoring, AI-powered data warehouses and advanced forecasting could aid companies in closing more deals.

Many companies still rely on single-use tools that are generic or multiple apps for collaboration and communication for managing M&A processes. Not only do these single-use apps pose security threats however, they often result in duplication of work and inconsistency in data management. This makes it easy for the buyer to miss a crucial prospect message when they are working with multiple communication and collaboration tools.

The most effective software is integrated, and allows for a clear division of responsibility between team members. It is based on role and ensures only the most pertinent information is accessible to every person on the team. A platform that is integrated eliminates the need for duplicate work and allows faster, more precise data analysis to meet M&A goals.

It is crucial to have a central repository of information about target investments, whether you’re a corporation development department, a private equity firm or an investment banker. A pipeline management software can streamline M&A processes and improve efficiency. It also gives you an improved return on investment.

Designed by professionals from the fields of private equity and investment, Sourcescrub is an AI-powered deal sourcing system that offers a comprehensive view of the private markets with 150,000+ sources and billions of data points and more than 15 million companies. Sourcescrub’s advanced features, such as real-time alerts, augmented analytics, for specific targets, custom scoring and pre-built integrations to CRM, are a must-have in any dealmaker’s tech stack.