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Deal management platforms aid organizations track the status of, manage and analyze the past, present and potential investment deals. These tools automate tedious tasks to speed up the process and improve accuracy, allowing teams to focus on building relationships and closing sales. They also provide an accurate view of the sales pipeline to assist companies in setting realistic revenue forecasts and allocate resources effectively.

When investing, the right deal-management solution can make all the difference. There are many tools on the market, each with its unique features. However there are a few that are suitable for your business. It is important to carefully examine all options to avoid confusion and disappointment.

To simplify the process you should select a platform that offers a visual sales pipeline with different viewing options like tables and Kanban boards. You should be able of dragging and drop the sales to move them around the pipeline. Moreover, it should enable you to create individual pipelines for all of your markets or products and add custom tags to easily monitor performance.

The platform should also be able to prioritize and monitor deals in real-time. It should also include documents with heat tracking, which can identify when a particular document was viewed and what actions were taken. Other essential features include automated search, previous client communication, easy-to-visualize metrics, and auto-generated reports.