If you’re involved in private equity, you’re aware that a lot of information needs to be compiled and stored in the course of evaluating and closing deals. The most effective software for an PE transaction is usually connected to third-party service providers that provide data and tools to aid in due diligence. It is also able to track and report on deal performance after the investment.

A centralized system for private equity deals is crucial to manage investor relations, monitoring and analyzing the performance of portfolio companies and the integration of fund accounting — all in one location. The right solution can also automate workflows and create an undisputed source of all the information required for due diligence.

Up until recently, the most prominent PE firms relied on Excel spreadsheets and their internal systems to track companies, contacts and their activities. This resulted in heavy inefficiencies and missed opportunities to find and secure deals. To solve this issue another group of software providers that specialize in the field of private equity developed software to streamline and control deal flow. These are primarily CRM products that concentrate on relationship intelligence. Examples of this type of software include Navatar, Affinity, Altvia and a myriad of others.

To determine the best software for your business, consider how it will be easy to implement and use. Take into consideration whether the software can integrate well with any other tools you could use to accomplish their work, such as email, calendaring, collaboration and tools for managing projects, or even financial applications. Compare prices, features, and reviews as well as integrations with the tools on this page.