No matter what industry or size, M&A involves multiple stakeholders and requires efficient project management and collaboration. It is essential to locate software that’s created specifically for M&A, and that offers features like project tracking as well as a central repository and document storage, along with version control and privacy settings. Many companies also use collaboration tools to support M&A processes. It is essential to review these tools to determine whether they are user-friendly and ensure they are compatible with other tools your team uses.

The M&A process starts with a thorough research phase. This includes internal discussions on the reasons why a company might think about the possibility of a merger or acquisition as well as market research to evaluate possibilities, the development of a list of target companies and initial contact with management teams. These activities are traditionally supported by databases which allow users to search for name and location, as well as revenue from the company and other criteria.

Once a deal is identified, it’s now time to do due diligence on the targets. This requires a thorough assessment of the target’s financial health as well as its market positioning, customer base, and growth potential. Advanced analytics tools are able to provide more insightful data and predictive modeling that can help to create a more robust and informed due diligence mergers and acquisitions process.

While the free tools Company X initially used were affordable at first, they eventually caused delays in their M&A process and cybersecurity risks that pushed up operational, legal, and IT expenses. The company realized that they had made a mistake when it left Devensoft behind and decided to return to the platform.