If you're in the process of growing your business through mergers and acquisitions (M&A), you know that it's complex and time-consuming. From pipeline to due diligence and into integration, there are a lot of moving parts to keep track of. That's where M&A software comes in.
Here are five reasons why your business needs M&A software:
1.Increased Efficiency
M&A software saves time and enables you to manage all aspects of the M&A process in one central location. This means that you can easily track progress, identify potential bottlenecks and make sure that all deadlines are met. Having everything in one place also makes it easy to share information with other members of your team, which further increases efficiency.
2.Collaboration
M&A software provides a central platform for all team members to share information and collaborate on tasks & documents. This can help to improve communication and coordination between team members, which is essential for a successful transaction and timely decision making.
3.Better Decision Making
M&A software provides access to real-time data that can be used to inform decision making throughout the M&A process. Plus, it eliminates the need for time consuming Excel to PowerPoint copy and paste and enables you generate real-time reports with one click (say goodbye to working all night to update the latest PowerPoint deck!).
4.Faster Integration
Successfully integrating two companies is essential for achieving post-merger success. M&A software can help you achieve a faster and smoother integration by providing tools for managing data, tracking progress, and sharing information across departments.
5.Security
Sharing confidential M&A data via email is risky. M&A software such as Navima protects teams to the highest possible level with ISO 27001 bank-grade security, encrypted backups and additional security measures such as two-factor authentication, complex passwords and controlled user-based permissions.
Takeaway
M&A software is a critical tool for businesses that are looking to grow through mergers and acquisitions. By increasing efficiency, facilitating collaboration, empowering better decision making, speeding up integration, and providing a highly secure work environment, M&A software provides numerous benefits that can help your business succeed with its next transaction.
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About the Author
Tom is the CEO of Navima. Prior to Navima, Tom worked at 2 M&A boutiques (leading acquisitions, divestments, strategy and venture projects) and was Head of M&A & Corporate Development for a fast-growth, VC backed SaaS company. Tom has supported companies around the world including Shell, Unilever, Philips and the Big Four with improving their M&A process and leading the development of playbooks.