If you’re in private equity, you’re aware the amount of information needed to evaluate and close deals. The best software to use for a PE transaction is typically connected to third-party services that offer information and tools for due diligence. It will also assist in tracking and report on the performance of the deal following the investment.
A centralized system for private equity deals is crucial to manage investor relations, monitoring and analyzing the performance of portfolio companies, as well as consolidating fund accounting all in one place. The best solution will simplify processes, and provide a source of truth that is able to be defended for all data required for due diligence.
Prior to recently, the top PE firms relied exclusively on Excel spreadsheets as well as their own internal systems to keep track of contacts, companies and activity. This resulted in failures and missed opportunities to find and win deals. To solve this issue, a second group of software providers specialized in the field of private equity created software that was designed to streamline and control deal flows. These are generally CRM software that are focused on relationship intelligence. Navatar Affinity Altvia and other examples of this type of software are available.
To determine which software is the most suitable for your business, consider how simple it will be to install and use. Also consider if the product will integrate well with other software that your team relies on to accomplish their worksuch as email, calendaring collaboration, project management tools, or even financial software. Then, compare the prices and features, integrations, and user feedback using the resources on this page.
