CHANTILLY, Va., April 13, 2016 /PRNewswire/ -- Forward thinking companies are abandoning their outdated tools and spreadsheets for a more efficient and collaborative approach. The Devensoft M&A Cloud solution allows acquirers to easily track and share information on targets, conduct due diligence, plan and execute integrations, track financial performance, and manage documents all under one roof.
"We are seeing an increasing number of companies that want to move away from spreadsheets and clunky emails to a multi-user solution that allows teams to more effectively manage their M&A process," said Nick Perdikis, CEO, Devensoft. "This trend is being fueled by the high volume of M&A transactions in the market, coupled with a highly competitive environment. Companies need to close deals quickly before competitors have a chance to wage a bidding war. We are seeing this play out in the hospitality industry. Our goal is to remove the obstacles that slow down the acquisition and integration process so that M&A teams can do their jobs effectively."
According to recent survey findings published by KPMG titled "U.S. executives on M&A: full speed ahead in 2016," the top critical success factors most important for deal success are:
- A well-executed integration plan
- The correct valuation / deal price
- Effective due diligence, including real-time data and analytics
- Positive economic conditions
"At Devensoft, we are witnessing a tipping point in how leading companies manage their M&A process," said Nick Perdikis. "We hear time and time again that generic CRM tools are simply inadequate to track the complexities of an M&A deal. With the release of V16, we have defined a whole new category of software we call Deal Relationship Management. In essence it's CRM for M&A. It addresses the needs of corporate development teams throughout the entire deal life cycle, from target tracking, due diligence management to deal signing. Priced on a per seat subscription basis, companies can begin with a starter pack and add seats as deals progress through the pipeline and adoption increases in the organization."
The Devensoft M&A Cloud solution addresses KPMG's top three critical success factors responsible for deal success. V16 incorporates numerous enhancements and new features including:
- Enhanced activity tracking for every Target
- Role-based landing pages to ease adoption and simplify usability
- Due diligence management to capture findings and action items
- Financial tracking with plan, actual, and multiple forecast snapshots
- Real-time analytics with Qlik Sense
- Overall usability improvements across the entire platform
V16 will launch May 1, 2016.
Deven Software (Devensoft) is exclusively focused on bringing its innovative M&A Cloud solution to corporate development and post-merger integration teams around the world. Devensoft offers EMA-Transact, EMA-Integrate and EMA-Integrate Plus in a secure SaaS cloud environment or on premise. For more information on Devensoft and the EMA suite of products, please visit http://www.devensoft.com. Product briefings are available by contacting us at [email protected] or 855-DEVENSOFT (855-338-3676).