Software tools can help streamline processes and improve communications whether you’re working with investors or partners. Here are a few of the best software programs for coordinating on multi-level projects:
Atlassian, a maker of collaboration tools for teams of all sizes, makes SaaS solutions that simplify complex projects by enhancing communication and organization. Atlassian, for example, offers a tier-based program that rewards partners as they reach sales targets and complete their training courses. This eliminates friction and ensures that everyone in the team are focused on the most important work.
Deal sourcing is among the most vital tasks for private equity and venture capital firms. To avoid costly mistakes, VCs rely upon software to check and automate manual entry of data for contact, revenue, EBITDA and other information about the companies they invest with. Solutions like 4degrees and Affinity let VCs effectively manage relationships with founders, investors and other stakeholders, by offering one unified platform for managing deals.
Partner relationship management (PRM) tools combine a partner-facing portal experience with automated automation that is managed by an administrator to give a one-stop shop. They are specifically designed to facilitate key partnership types, including affiliate, reseller, and co-delivery partnerships, and also marketing development funds (MDF) and short-term sales competitions known as SPIFFs.
LPs are keen to know that their portfolio managers have a clear overview of their relationships and have an planned strategy to leverage them. To accomplish this they require software that can integrate the private equity fund’s own internal data with third-party sources of company and investor information like PitchBook, Preqin, SourceScrub, Sutton Place Strategies, and many more. This data, in conjunction with deal and investment committee information will allow the fund to find opportunities to invest, develop relationships with its portfolio companies, and take better decisions regarding future investments.