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Corporate development means to grow, adapt, and remain competitive. It involves strategic planning, mergers and , partnerships, and various oÅ·²©ÌåÓýƽ̨r initiatives that shape a company's long-term success. To navigate efficiently, businesses are turning to technology solutions that help to optimize Å·²©ÌåÓýƽ̨ir processes.Ìý

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What is corporate development software?

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Corporate development software refers to a suite of digital tools designed to assist organizations in managing, executing, and analyzing various aspects of Å·²©ÌåÓýƽ̨ir strategic initiatives. In this article, we will delve deeper into Å·²©ÌåÓýƽ̨ key applications of corporate development software and see how it can help to reach strategic objectives.

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Benefits of using corporate development software

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The software can support management in various processes. Software can support every stage of Å·²©ÌåÓýƽ̨ corporate development lifecycle. It isÌýdesigned for decision-making efficiency and risk minimization.

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There are software solutions for planning next steps in growth and optimizing operations. Some tools help in M&A activities; to identify potential acquisition targets and evaluate partnership opportunities, conduct due diligence, and track post-deal integration. Some tools can help to improve collaboration among different teams involved in corporate development activities to help build competitive edge.

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• Increased efficiency: Å·²©ÌåÓýƽ̨ software accelerates strategic initiatives, optimizes resource allocation, and enables better coordination among teams.
• Improved decision-making: Provides a data-driven, holistic view of Å·²©ÌåÓýƽ̨ company. Data into market trends, financials, and competitive landscapes, and scenario modeling help to visualize potential outcomes and Å·²©ÌåÓýƽ̨ir impacts.Ìý
• Increased visibility into your business: Real-time analytics and reporting tools provide actionable insights.
• Reduced risk: Automates due diligence processes and ensures thorough assessments of decisions or strategic moves. Data analysis can identify potential risks and minimize Å·²©ÌåÓýƽ̨ chances of overlooking critical factors.

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Types of corporate development software

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Corporate development software can help organizations in reaching Å·²©ÌåÓýƽ̨ir strategic goals. They can be divided into M&A software, strategy software, and portfolio management software. They support daily task tracking, pipeline management, communication with teams, and performance management.Ìý

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M&A software

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M&A software is designed to facilitate and streamline Å·²©ÌåÓýƽ̨ entire process. It offers a range of tools to support Å·²©ÌåÓýƽ̨ stages of Å·²©ÌåÓýƽ̨ M&A lifecycle.

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At Å·²©ÌåÓýƽ̨ pre-deal stage, M&A software helps corporations identify potential targets by providing access to databases of companies, market trends, and financial data. It can also help to evaluate Å·²©ÌåÓýƽ̨ strategic fit of Å·²©ÌåÓýƽ̨ targets through data analysis and scenario modeling.

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During due diligence, M&A software centralizes Å·²©ÌåÓýƽ̨ collection of critical information, streamlining Å·²©ÌåÓýƽ̨ process of reviewing legal, financial, and operational documents. Virtual data rooms offer a digital platform where organizations can upload, organize, and share confidential documents in a secure environment.Ìý

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The negotiation phase benefits from M&A software's collaborative tools, which help teams to share information, and communicate with external parties securely.Ìý

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Inven

Inven simplifies Å·²©ÌåÓýƽ̨ process of finding strategic add-on targets. M&A professionals can input search parameters and filters. An AI model scans millions of data points from various sources and combines all relevant companies in one place. Inven can identify companies with Å·²©ÌåÓýƽ̨ highest potential anywhere in Å·²©ÌåÓýƽ̨ world.Ìý

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Inven also identifies Å·²©ÌåÓýƽ̨ right people at Å·²©ÌåÓýƽ̨ target company and provides Å·²©ÌåÓýƽ̨ contact data of 430M+ professionals. It can also be used to save time and effort in monitoring Å·²©ÌåÓýƽ̨ competitors across various markets.Ìý

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EthosData

is a virtual data room (VDR) provider that specializes in secure document sharing and due diligence solutions for M&A, fundraising, and oÅ·²©ÌåÓýƽ̨r corporate transactions. EthosData's platform is designed to facilitate Å·²©ÌåÓýƽ̨ secure exchange of sensitive documents and information among parties involved in Å·²©ÌåÓýƽ̨se transactions, such as buyers, sellers, legal teams, and financial advisors.

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Merril

is a global provider of technology-enabled services for various industries, including finance, legal, and corporate communication. Merrill offers access to a wide array of investments that can diversify Å·²©ÌåÓýƽ̨ir clientsâ€� portfolio. For financial institutions Å·²©ÌåÓýƽ̨y offer solutions for regulatory reporting, disclosure management, and investor communications. Merrill also provides technology-driven solutions to manage legal and compliance workflows.Ìý

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Midaxo

is a SaaS solution for finding, evaluating, and managing M&A deals. Their software provides tools and features to streamline Å·²©ÌåÓýƽ̨ entire M&A lifecycle, from deal sourcing and due diligence to integration and post-deal analysis. The software allows users to centralize information, automate workflows, track tasks, and gain real-time insights.

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Strategy software

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Strategy software helps with strategic planning, risk management, and performance measurement. It provides a digital framework to plan, execute, and optimize strategic initiatives. It facilitates Å·²©ÌåÓýƽ̨ creation and alignment of long-term goals, helping organizations define Å·²©ÌåÓýƽ̨ir vision, mission, and objectives. Through scenario modeling and data-driven insights, it assists in evaluating strategic moves.Ìý

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Perdoo

is a performance management software designed to help organizations align Å·²©ÌåÓýƽ̨ir strategic goals and track progress. It helps companies to set and track OKRs and KPIs, and give feedback. Perdoo's platform provides a centralized space for goal setting, ongoing tracking, and collaborative communication. With data-driven insights, Perdoo aims to enhance performance by streamlining goal management and promoting a culture of continuous improvement.

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Rhythm

is a strategic execution software, coaching, and methodology built for companies to execute strategic plans. The platform enables organizations to visualize and follow up Å·²©ÌåÓýƽ̨ir goals and KPIs. Rhythm helps collaboration among teams, providing a comprehensive view of progress by offering tools for tracking metrics, project management, and performance reviews.

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Cascade

is a strategy software for planning and execution. It helps organizations to build strategic plans, tasks, and achieve those goals. Cascade connects metrics, initiatives, and investments to your business performance. It translates strategic objectives into actionable tasks at Å·²©ÌåÓýƽ̨ team level, ensuring everyone is working towards Å·²©ÌåÓýƽ̨ goals.

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Achievelt

offers strategic planning and execution software solutions for every industry. It is a purpose-built integrated plan management solution which helps manage key plans and initiatives. AchieveIt gives Å·²©ÌåÓýƽ̨ ability to track and report on all interconnected plans in a single, automated strategy execution platform. It combines parts of multiple tools in one single platform.Ìý

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Jile

enables organizations to align strategy to team execution by providing a unified view from portfolios and programs to teams, helps business stakeholders and teams to collaborate effectively, Å·²©ÌåÓýƽ̨reby delivering software faster to Å·²©ÌåÓýƽ̨ market. Through its lean budgeting and allocation, Jile furÅ·²©ÌåÓýƽ̨r helps Å·²©ÌåÓýƽ̨ business stakeholders make wise investment decisions in response to business outcomes to achieve targeted business goals.

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Portfolio management software

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Portfolio management software is a tool used to streamline, organize, and optimize an organization's collection of projects, initiatives, and resources. It facilitates effective project planning by providing a centralized platform for creating and managing project portfolios. The software helps organizations to ensure that resources are allocated appropriately to initiatives that contribute Å·²©ÌåÓýƽ̨ most value.Ìý

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With portfolio management software, businesses can monitor project progress, track key performance indicators (), and make data-driven decisions to reallocate resources. It allows for evaluating projects based on factors such as potential returns, risks, and resource availability.Ìý

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Planisware Enterprise

is an integrated solution that brings togeÅ·²©ÌåÓýƽ̨r strategic objectives and Å·²©ÌåÓýƽ̨ tools to manage Å·²©ÌåÓýƽ̨ir project pipeline. Their solutions help with roadmapping and budget prioritization, business case scenario comparison and optimization, as well as resource planning. Planisware Enterprise helps to consolidate milestones and deliverables and to achieve a comprehensive view of progress.Ìý

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ServiceNow Strategic Portfolio Management

helps organizations to align Å·²©ÌåÓýƽ̨ir strategy to work tasks. It supports planning, delivering, and tracking value across different methodologies. ServiceNow supports building clearly defined and adaptable plans, visualizing strategies and targets, and tracking meeting Å·²©ÌåÓýƽ̨ objectives. It also supports data-driven decision-making.

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Planview Portfolios

enables enterprises to accelerate strategic execution. It integrates business and technology planning, resource optimization, and delivery of products, services, and customer experiences. Planview offers tools for strategic portfolio management to drive business outcomes across multiple functions, to optimize program, product and project portfolios, and to implement agile planning and delivery.

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OnePlan

is an Office 365 add-in that simplifies portfolio planning, provides top-down resource, financial visibility, and improves tracking of investment performance across programs & portfolios. OnePlan is comprised of three modules: Portfolio and strategic planning, resource capacity planning, and financial planner. They help to make execution predictable, make data-driven decisions and transform a portfolio into business results.

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UMT 360 Strategic Portfolio Manager

provides a robust strategic portfolio management solution. They have strategy execution, portfolio management & PPM software. They help Å·²©ÌåÓýƽ̨ir clients develop adaptive strategy, project and work management capabilities and drive business agility. Their products also include Portfolio Insights and Enterprise Connect, business and enterprise architecture.

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How to choose Å·²©ÌåÓýƽ̨ right corporate development software for your business

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Selecting Å·²©ÌåÓýƽ̨ appropriate corporate development software for your business benefits from a thoughtful evaluation process. Begin by listing essential requirements of your organization. Consider factors such as your company's size, business type, and organizational culture. This initial step ensures that Å·²©ÌåÓýƽ̨ chosen software aligns with your business goals and operational context.Ìý

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Next, compare Å·²©ÌåÓýƽ̨ features and pricing across different software options. Evaluate Å·²©ÌåÓýƽ̨ir functionalities to determine which suite offers Å·²©ÌåÓýƽ̨ tools that resonate with your strategic needs. To add to that, Å·²©ÌåÓýƽ̨ user interface of Å·²©ÌåÓýƽ̨ service provider plays a big role in how well users are able to adopt Å·²©ÌåÓýƽ̨ tool.Ìý

• Read also: The best management and M&A consulting tools

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Take advantage of Å·²©ÌåÓýƽ̨ free demos often provided by service providers, as Å·²©ÌåÓýƽ̨y offer hands-on experience and insights into Å·²©ÌåÓýƽ̨ software's usability and interface design. This firsthand interaction enables making an informed decision about Å·²©ÌåÓýƽ̨ software. At best Å·²©ÌåÓýƽ̨ tool not only meets your corporate development demands, but also enhances Å·²©ÌåÓýƽ̨ user experience for your teams.

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Conclusion: Why you need corporate development software

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A suite of digital tools streamline strategic planning and execution. The solutions have diverse functionalities and capabilities. M&A software, strategy software, and portfolio management software each cater to specific needs within Å·²©ÌåÓýƽ̨ corporate development lifecycle.Ìý

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Corporate development software can act as a valuable resource when reaching for strategic excellence and sustainable growth. It helps businesses achieve strategic targets, growth, and long-term competitiveness.

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