If you are working with investors or partners software tools can help to streamline processes and enhance communication. Here are some of the best software tools to coordinate multi-level initiatives:
Atlassian is a manufacturer of collaboration tools for teams of all sizes. They offer SaaS solutions that simplify complex projects by improving organization and communication. For instance, Atlassian offers a tier-based program that rewards partners with more benefits as they meet sales goals and complete their training programs. This eliminates friction, and ensures that everyone in the team are focused on the most important tasks.
Deal sourcing is an essential task for private equity and venture-capital companies. To avoid costly mistakes, VCs rely on software to ensure and automate manual entry of revenue, contact, EBITDA, and other details about the companies they invest in. Solutions like 4degrees or Affinity enable VCs to manage relationships effectively with investors, founders and other stakeholders. They provide an all-in-one platform to manage deal.
Partner relationship management (PRM) tools provide an online portal that is accessible to partners and automated automation that is managed by an administrator to give one-stop shopping. They are designed to facilitate different types of partnerships including reseller, affiliate and co-delivery, as well as Marketing Development Funds (MDF) and short-term sales competitions, also known as SPIFFs.
LPs are looking for portfolio managers who have a clear understanding of their relationships and a strategy to leverage their relationships. In order to achieve this, they require software which integrates the private equity fund’s data with information from third-party sources like PitchBook, Preqin SourceScrub and Sutton Place Strategies. This data, in conjunction with information from investment committees and deals will allow the fund to find opportunities to invest, develop relationships with its portfolio companies, and take better decisions in future investments.
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