Today’s investment professionals are relying on technology more than ever to help manage the increasing amount of information streaming in from distinct sources. Investment opportunities, referral sources, CIMs, limited partners, NDAs, portfolio company reports, financing sources, industry contacts – the list only continues to expand.
I recently conducted a survey of dozens of private equity professionals, investment bankers, and other business executives to better understand how they use technology to keep organized, automate mundane tasks, and hold members of their team accountable.
About two-thirds of those surveyed use a Customer Relationship Management (CRM) system – one of the most common data management solutions. Their usage is often very frequent with over 70% of those that use a CRM accessing the system multiple times throughout the day. [Read more…]