It is vital that aspiring business development managers are familiar with the tools available. The best software will help you implement a growth strategy and streamline client engagement. It also assists with better project planning. Learning these tools can dramatically improve your professional performance and speed up your career progression.

If you’re a seasoned business development manager or an entrepreneur preparing for the transition to corporate development, there are many key tools you should consider adding to your toolbox. These include:

Business Development Tools

Effective M&A requires a deal management system which can act as a single source of truth and offer an end-to-end unified view of the entire transaction. While traditional virtual datarooms (VDRs) include Intralinks and Diligent can be great virtual data room for sharing documents however, they are not equipped with the ability to connect communications with an individual target, a banker or pipeline stage to the due diligence process. However the tools for corporate development specifically designed for M&A offer this feature, removing communications silos and making it much easier to monitor the status of an individual deal or the overall M&A process.

Business development tools that assist in lead generation and prospecting can also automate the search for opportunities and let you select leads with high-quality by utilizing a variety criteria. For instance technologically-driven platforms such as Grata can identify prospects for acquisition based on the key metrics youHuo Jie define like profitability margins, geographical location or clientele. Hunter can also locate any professional email within seconds, which means you can easily meet potential customers.

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