Intralinks Holdings has launched Intralinks Dealmanager which is aiming to improve corporate development teams’ capacity and ability to evaluate deals properly by giving them a centralised place to manage deal processes, assign tasks, and report on deal progress.
For decades, corporate development professionals have had to rely on manual procedures and traditional, disparate tools such as spreadsheets, Microsoft Word documents, email, and multiple shared drives to manage portfolios of complex transactions. Not only has the process been cumbersome, it has also introduced a high degree of data security risk.
“Corporate development practices have been long overdue for an overhaul,” says Ben Collins, director of strategy and product marketing at Intralinks. “Intralinks Dealmanager gives professionals structure and improved control over the M&A process, providing greater productivity and enhanced transparency, while significantly reducing risk by creating a secure, centralised place to access their pipeline and all deal information for any deal, anywhere, at any time.”
Intralinks Dealmanager was expressly developed to answer the M&A market’s call for a secure system of record that corporate development professionals can rely on every day to manage early stage opportunities, the due diligence process, and other pre-and post-merger activities. These challenges are underscored by the findings of a recent Intralinks survey of corporate dealmakers which provides first-hand insight into current dealmaking practices.