Software tools can simplify processes and improve communications regardless of whether you’re working alongside partners or investors. Here are a few of the top software tools to coordinate multi-level initiatives:
Atlassian is a company that makes collaboration tools for teams of all sizes. They offer SaaS solutions that make it easier to manage complex projects through better coordination and communication. Atlassian, for example, offers a tier program which rewards partners as they achieve sales goals and complete their training programs. This reduces friction and helps everyone is focused on the most important work.
Deal sourcing is a vital activity for private equity and venture capital companies. To avoid costly mistakes, VCs rely on software to ensure and automate the manual entry of contacts, revenue, EBITDA, and other details about the companies they invest in. Solutions such as 4degrees and Affinity help VCs efficiently manage relationships with investors, founders and other stakeholders, by offering an integrated platform to manage deals.
The Partner Relationship Management (PRM) tool combines an online experience for partners with admin-managed automated capabilities to provide a one-stop-shop. They are designed to support a variety of partnership types including affiliate, reseller and co-delivery as well marketing development funds (MDF) as well as short-term sales competitions, also known as SPIFFs.
LPs are seeking portfolio managers with a clear understanding of their relationships, and a strategy to leverage their relationships. To achieve this, they need software that can integrate the private equity fund’s own internal data with third-party sources for firm and investor information, such as PitchBook, Preqin, SourceScrub, Sutton Place Strategies, and others. This information, along with information from investment committees and deals, enables the fund to http://dataroomshould.com/top-data-rooms-for-secure-and-effective-data-management/ discover promising opportunities, maintain relationships with current portfolio companies, and take better decisions in future investments.
