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To be a dealmaker you need to conduct thorough research, have a strong personal network, and have a killer instinct. The right tech stack can also be a powerful tool for a dealmaker’s arsenal. A technology platform that has advanced capabilities such as relationship intelligence, customized scoring and AI-powered data warehouses and advanced forecasting can assist companies in closing more deals.

Many firms still depend on the same-type, one-off tools as well as multiple applications for collaboration and communication for managing M&A processes. These single-use tools pose security risks and pitfalls, but they also result in duplication of work and inconsistency in data management. It is easy for a dealmaker who is working with multiple tools for communication and collaboration to miss a crucial message from a potential client.

The most effective software for deal makers is fully integrated and clearly defines the line of authority between team members. It offers role-based permissions that ensure that only the most relevant information is available to every team member. A platform that is integrated reduces the need for reworking and enables faster, more accurate data analysis for M&A goals.

It’s important to have an centralized repository of information about investments you are interested in, whether you’re a corporation development department, a private equity firm or an investment banker. A pipeline management software can streamline M&A workflows, increase efficiency, and give you a better ROI.

Created by professionals from the fields of private equity and investment, Sourcescrub is an AI-powered deal sourcing system that offers an extensive view of the private market with more than 150,000 sources, billions of data points and more than 15 million companies. With advanced features and functions such as augmented analytics, real-time target alerts, customized scoring and pre-built CRM integrations, Sourcescrub is a must for any dealmaker’s tech stack.