If you work in private equity, then you know how much data is required to analyze and conclude deals. The best software for an PE deal usually connects to third party data services and provides tools for making due diligence more efficient. It is also able to track and report on the performance of the deal following the investment.
A centralized system is crucial for managing the investor relations, evaluating portfolio company performance and integrating fund accounts. The right solution can also automate workflows and provide a defensible source of truth for all the data that is required for due diligence.
Up until recently, top PE firms relied solely on Excel spreadsheets, as well as their own internal systems to track contacts, companies and activity. This led to massive inefficiencies and missed opportunities to find and close deals. To solve this issue the second set of software providers specialized in the field of private equity developed products designed to automatize and manage deal flows. These are primarily CRM-based solutions that feature a focus on relationship intelligence (e.g. making use of the insights from job changes, updates on social media, and industry news). Navatar Affinity Altvia and other examples of this kind of software are available.
Think about how easy the program is to use and use. Take into consideration whether the software can work well with other tools your team might use to complete their tasks like email, calendaring collaboration and tools for managing projects or even financial software. Compare prices, features, and reviews as well as integrations using the resources on this page.
