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GPs and LPs require information about investments, manage due-diligence processes, conduct risk assessments and more to evaluate and close deals. The right software platforms can help dealmakers streamline workflows to improve accuracy and cut down on time.
Many private equity firms utilize various tools to manage their deals. These include word processing, spreadsheets as well as note-taking and to-do applications, and Blackbook. Although juggling several tools at once might appear to be a good idea, it takes up valuable time and leads to confusion about data. Dealmakers also run into risks when using siloed data from third-party sources, as they have no guarantee that the data has been scrutinized by a single vendor. Additionally, small companies can disappear without notice, leaving dealmakers to rework their decision-making strategies.
If it’s an urgent email from a prospect or an unexpected request for more details from a client the dealmaker needs an easy-to-use system that can store and access their data all in one location. Dealmakers can reduce time and avoid data loss by using a CRM that integrates APIs of the most popular collaboration software. They can also use databases to store and organize niche tools.
The appropriate M&A tool can also assist with the complexity of deal structuring, as well as integration after mergers. For instance an automated escrow system can simplify the M&A process by creating and maintaining transaction-specific documents in an accessible location. Additionally, a robust M&A platform can boost due diligence capabilities by surfacing information that is difficult to find as well as providing insight into the acquisition’s potential for growth and readiness.