Working with investors or partners, software tools can streamline processes and enhance communication. Here are a few of the best software tools to coordinate multi-level initiatives:
Atlassian is a manufacturer and distributor of collaboration tools, provides SaaS solutions for teams of all sizes. These solutions make it easier to manage complex projects by enhancing communication and organization. For example, Atlassian offers a tier-based program that rewards partners with more benefits when they reach sales goals and complete training programs. This eliminates friction and ensures that team members are focused on the most important work.
Deal sourcing is a critical process for private equity and venture-capital companies. To avoid costly mistakes, VCs rely on software to check and automate manual data entry of contacts, revenue, EBITDA, and other information about the companies they invest in. Solutions such as 4degrees and Affinity allow VCs to effectively manage relationships with investors, founders and other stakeholders by offering a single unified platform for managing deals.
Partner relationship management (PRM) tools provide the experience of a portal for partners with automated capabilities that are managed by the administrator to provide an all-in-one solution. They are designed to work with different kinds of partnerships such as affiliate, reseller, and co-delivery, as well as Marketing Development Funds (MDF) as well as short-term sales competitions, also known as SPIFFs.
LPs would like to know that their portfolio managers have a clear picture of their relationships and an planned strategy to leverage their relationships. To achieve this they require software that can integrate the private equity fund’s internal data with third-party sources of firm and investor information like PitchBook, Preqin, SourceScrub, Sutton Place Strategies, and others. This information, combined with information from investment committees and deals can help the fund identify promising opportunities, nurture relationships with current portfolio companies, and take better decisions in future investments.
