If you’re in private equity, you’re aware that a lot of information has to be collected and stored during the process of evaluating and closing deals. The best software to use for a PE transaction is usually connected to third-party services that provide data and tools to aid in due diligence. Additionally, it can assist in the tracking and reporting of deal performance after the investment.
A central system for private equity deals is vdrconsulting.org essential to managing investor relations, monitoring and analyzing the performance of portfolio companies, and the integration of fund accounting — all in one place. The right solution can automate workflows and create an authoritative source of all the data that is required to conduct due diligence.
Up until recently, the most prominent PE firms depended on Excel spreadsheets and their internal systems for tracking contacts, companies and activities. This led to massive inefficiencies and missed opportunities to discover and secure deals. To remedy this another set of software providers specialized in the private equity industry developed software to manage and automate deal flows. These are primarily CRM-based solutions that are focused on relationship intelligence (e.g. making use of the insights from job changes social media updates, and industry news). Examples of this category of software include Navatar, Affinity, Altvia and a host of others.
To determine which software is the most suitable for your business, consider how it will be easy to use and implement. Also consider whether the product will integrate well with other programs your team utilizes to complete their work -for example, email, calendaring and collaboration tools, or even financial programs. Then compare prices as well as features, integrations and user feedback using the resources available on this page.
