To become a dealmaker you’ll need to conduct extensive research, have a strong personal network, and an uncanny sense. The right tech stack could also be a powerful tool in a dealmaker’s arsenal. Making investments in a technology platform that has advanced capabilities such as relationship intelligence, customized scoring, AI-powered data warehouses and complex forecasting can aid firms in closing more deals.

Many companies still rely on simple, one-off tools or multiple apps for collaboration and communication to manage M&A processes. These single-use tools not only pose security risks, but also create duplicate work and in inconsistent data handling. It is easy for a salesperson who is juggling multiple tools for collaboration and communication to miss a crucial message from a potential customer.

The best software for deal makers is integrated and offers a clear line of accountability between team members. It has role-based permissions which ensure that only the most relevant information is available to every team member. A platform that is integrated reduces duplication of work and allows faster, more accurate analysis of data for M&A goals.

It’s important to have a central repository of information regarding investments that you want to invest in, whether you are a corporate development department or a private equity firm or an investment banker. A pipeline management tool can streamline M&A processes and improve efficiency. It also provides the highest ROI on investment.

Sourcescrub was developed by private equity and investment professionals is an AI-powered platform for deal sourcing that provides a comprehensive view of private markets. It is home to more than 15 million companies with 150,000+ sources, and billions of datapoints. Sourcescrub’s advanced features, such as enhanced analytics and real-time alerts for specific targets, custom scoring and pre-built integrations into CRM, are a must-have in any dealmaker’s tech stack.

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