If you’re in the field of private equity, then you know that a lot of information needs to be compiled and stored in the course of evaluating and closing deals. The most efficient software for the purposes of a PE transaction is typically connected to third-party service providers that provide information and tools for due diligence. Moreover, it should help in the tracking and reporting of the performance of the deal after investing.

A central system for private equity deals is essential to manage investor relations, analyzing and tracking the performance of portfolio companies, and integrating fund accounting — all in one location. The best solution will streamline workflows and provide the source of truth that can be protected for all the information required for due diligence.

Up until recently, the most prominent PE firms depended on Excel spreadsheets and their internal systems for tracking companies, contacts and their activities. This led to huge inefficiencies and missed opportunities to locate and secure deals. To address this issue, a second wave of specialist software providers created products that are geared towards managing and automating private equity deal flows. These are mostly CRM products that concentrate on relationship-based intelligence. Examples of this type of software include Navatar, Affinity, Altvia and a host of others.

To choose the right software for your business, take into consideration how it will be easy to install and use. Also consider whether the product is compatible with other programs your team uses to accomplish their workfor example, email, calendaring, project management and collaboration tools, and even financial programs. Then compare prices as well as features, integrations and user reviews by using the tools on this page.

www.vdrconsulting.org/private-equity-deals-vs-public-offerings/