In today’s fast-paced environment, it is important for firms in the private capital markets space to have a deep understanding of the types of transactions that are taking place in the market. The number of sources for this information can be overwhelming: SEC filings, press releases, social posts, Bloomberg, Pitchbook, Capital IQ, FactSet, conferences, trade associations, and dealmakers’ personal networks. Countless streams of data provide these teams with valuable information that can be overwhelming, but when aggregated, can help provide a sense of trends, the competition, and how to best strategically position your firm.
That’s where Intapp DealCloud can help. DealCloud is a sophisticated platform designed to meet the complex needs of financial services professionals. It offers a range of tools for deal management, relationship tracking, and business development. By centralizing data and providing powerful analytics, DealCloud helps firms make informed decisions and enhance productivity.
However, simply having DealCloud in place is not enough; its effectiveness depends on how well it is set up and utilized. This blog will explore the critical steps to configure your DealCloud platform to track precedent and market transactions effectively.
Determine What Information is Key
Simpler is better. If you are attending a networking event, and a brief conversation makes you aware of a deal in the market, you should be able to quickly and seamlessly log the interaction in the DealCloud platform. The ideal end-state is being able to pull out your smartphone, open the DealCloud mobile app, quickly fill in the relevant fields and add notes, hit save, and move on with your day.
To make that process an easy one – your firm must decide what information is valuable to know. Excess fields with inordinate amounts of detail leave your team avoiding entering the data at all. So, pick a few key fields – perhaps deal size, participants, sector impact, the source of the information, and the strategic or financial rationale. More can be added at a later date, but the key is paring fields down to what is truly helpful to know and easy to input.
Leverage Insights and Analytics
Once the appropriate configuration changes are made, it is time to make sure you are leveraging the data in the best way possible.
As always with DealCloud, the possibilities are seemingly endless – but a few ideas to start the brainstorming might be:
- Individual transaction profiles – Ensure you can drill down into individual transactions to see the details your team has added.
- Activity logs – Any time a deal in the market is mentioned during a meeting or call that you log in DealCloud, ensure that it is tagged accordingly. This will enable you to see every time it has come up across the firm and allow you to get a better sense of the market reaction.
- Notifications – Logged a deal you just heard about? You can notify the relevant team members, and even send them a brief email summary of what you input into DealCloud.
- Dashboard & Reporting – Intapp DealCloud offers robust reporting, so there are a lot of possibilities here. Weekly reports showing transactions that took place, dashboards comparing YoY deal info in certain sectors, and aggregate statistics about all the transactions you’ve logged, are a few reports to consider.
By implementing these analytic best practices, your firm can harness the power of DealCloud to track market transactions more effectively, gain deeper insights, and make informed, strategic decisions that drive business value.
Transform Your Transaction Tracking with DealCloud
DealCloud offers the flexibility and configurability for tracking market transactions, making it an invaluable asset for financial services firms. By centralizing all disparate data, DealCloud can help firms have a better grasp on the broader deal landscape and make more informed decisions.
Implementing the best practices outlined in this guide will help your firm maximize the potential of DealCloud, enhancing efficiency and driving success in the competitive financial markets.
If you lack the expertise or time to configure DealCloud effectively, Monarch can help. At Monarch – we have more experience with Intapp DealCloud than any other partner in the market. Using the knowledge we’ve gained over the last six years; we can make the aggregation of precedent and market transactions possible.
Stem the tide of overflowing information into a manageable and vital component of your competitive advantage. For more insights on how DealCloud can transform your transaction tracking processes, visit us at monarchpsg.io. Let’s make your data work for you.
