A merger, acquisition or divestiture is a complicated deal. It’s essential to have a solution in place before embarking on the M&A process that is able to meet the specific requirements of each circumstance. Making the investment in M&A software will remove your company from the burden of manually entering data and will automate and streamline your most commonly used workflows and allow you more time to build and nurture relationships that eventually lead to the issuance of mandates.

A good M&A solution starts with a clear timeline to be followed, since M&A negotiations can run for months or even years. Once you have a timeframe you can determine potential targets, and then sort them out according to their strategic value, ensuring that the M&A process remains focused on the most feasible options.

A good M&A tool will also allow team members to collaborate and communicate effectively. Look for a tool that allows you to send documents, notes and other information in one central place. It should also integrate with other tools you use with your team like instant messaging and videoconferencing.

You’ll also need to ensure that the M&A software you choose to use is user-friendly. If the program is difficult to use, it’s likely to be abandoned by your team members as they move through the M&A processes. A user-friendly interface can help in collaboration and communication between teams working on different components. Making the investment in a high-end M&A solution is certain to speed up the process and lead to an effective M&A outcome.