Software tools can streamline processes and improve communications regardless of whether you’re working with partners or investors. Here are a few of the top software applications for coordinating multi-level initiatives:
Atlassian is a producer and distributor of collaboration tools, provides SaaS solutions for teams of any size. These solutions simplify complex projects by enhancing communication and organization. Atlassian is one example. It offers a tier-based program which rewards partners as they reach sales targets and complete their training courses. This eliminates friction, and ensures that everyone in the team are focused on the most important work.
Deal sourcing is one of the most crucial tasks for private equity and venture capital firms. To avoid costly errors, VCs rely on software to ensure and automate manual data entry of contact, revenue, EBITDA, and other information about the companies they invest in. Solutions such as 4degrees or Affinity enable VCs to effectively manage http://dataroomshould.com/top-data-rooms-for-secure-and-effective-data-management/ relationships with investors, founders and other stakeholders. They provide a single, unified platform for managing deal.
Partner relationship management (PRM) tools integrate an online portal that is accessible to partners and automated capabilities that are managed by the administrator to provide the convenience of a single-stop shop. They are specifically designed to facilitate key partnership types, including affiliate, reseller and co-delivery partnership, and also marketing development funds (MDF) and short-term sales competitions, also known as SPIFFs.
LPs are looking for portfolio managers with an understanding of their relationships, and a strategy for leveraging them. To do so, they need software that integrates the private equity fund’s internal data with third-party sources of company and investor information like PitchBook, Preqin, SourceScrub, Sutton Place Strategies, and others. This information, when combined with deal and investment committee data allows the fund to find opportunities to invest, develop relationships with current portfolio companies, and make better decisions about future investments.