Software tools can simplify processes and improve communications, whether you’re working with partners or investors. Here are a few of the best software programs for coordinating on multi-level projects:
Atlassian, a maker and distributor of collaboration tools, offers SaaS solutions for teams of all sizes. These tools simplify complicated projects by enhancing communication and organization. Atlassian is one example. It offers a tier program that rewards partners when they achieve sales goals and complete their training programs. This reduces friction, and ensures that all team members are focused on the most important data room should tasks.
Deal sourcing is among the most crucial tasks for private equity and venture capital firms. To avoid costly mistakes, VCs rely upon software to verify and automate the manual entry of contact, revenue, EBITDA and other information about the companies they invest with. Solutions like 4degrees or Affinity let VCs maintain relationships with founders, investors and other stakeholders. They offer one platform for managing deal.
The Partner Relationship Management (PRM) tool is an online experience for partners with admin-managed automated capabilities to provide a one-stop-shop. They are designed to work with different kinds of partnerships including affiliate, reseller and co-delivery, as well marketing development funds (MDF) and 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 which integrates the private equity fund’s data with data from third-party sources like PitchBook, Preqin SourceScrub and Sutton Place Strategies. By combining this data with information from the investment committee and deal the fund can pinpoint promising opportunities, build relationships with its portfolio companies and make better choices regarding investments in the future.
