If you work in private equity, you’re aware the amount of click resources information needed to assess and close deals. The most effective software for an PE transaction is usually connected to third-party services that offer data and tools for due diligence. It can also assist in tracking and report on deal performance following the investment.
A central system is essential to manage investor relations, tracking the performance of portfolio companies, and integrating funds accounts. The best solution will simplify processes, and provide an evidence-based source that can be protected for all information required to conduct due diligence.
Up until recently, leading PE firms relied exclusively on Excel spreadsheets as well as their own internal systems to keep track of contacts, companies and their activities. This led to failures and missed opportunities to win deals. To solve this problem it was necessary to create a second wave specialist software providers created products specifically designed for managing and automating private equity deal flows. These are primarily CRM-based solutions that focus on relationship intelligence (e.g., leveraging insights from job changes updates on social media, and industry news). Navatar Affinity Altvia and other examples of this type of software are available.
To determine the best software for your business, take into consideration how easy it will be to use and implement. Think about whether the software will be compatible with other tools that your team may use to accomplish tasks like email, calendaring, collaboration and tools for managing projects or even financial software. Then compare prices for features, integrations, and user feedback using the resources on this page.
