Deal making software assists dealmakers in capital markets (investment banks, credit firms private equity, venture capital and real estate) speed up complex long-term transactions. It automates, streamlines and simplifies the process of finding and analyzing investment opportunities to boost business growth, profitability and sustainability.
Selecting the best software for your team involves choosing a system which has customizable workflows that are able to be adapted to the specific processes you have. It is also important to find a solution view with automated reports to easily access sales trends and performance metrics. Additionally, you require an application that allows cross-team collaboration within a secure, easy to use virtual data room which can be accessed from anywhere and from any device.
A good deal sourcing software should offer efficient tools for managing pipelines to simplify the whole process from signal to closing. Make sure that your team is able to easily monitor the progress metrics of each deal, and record and report on all interactions without leaving the platform.
In addition to a visual sales pipeline, search for an application that allows you to move deals across different stages, and organize and sort deals in a way that is suitable for your business, and also add tags to mark the primary aspects of each deal. It should be possible to create and send out quotes directly from your deal management system. This lets you send quotes quickly from the platform. It helps save your team time as well as helps them to be more efficient in their work.