Building data efficiencies doesn’t necessarily mean more complex Excel spreadsheets; in fact, it often means adopting technology to automate this process entirely. In his presentation, Gary Kao, Dealpath’s VP of Business Development and Operations, discussed how IT leaders can utilize the right technology to enable their teams to use data throughout their investment processes. Through digitizing their investment processes within deal management software, insights based on that data are more readily accessible.

While the right platform presents these opportunities, more robust technology often holds additional possibilities for maximizing that data’s value. Iterating on the way the data is leveraged, through steps such as approval workflows, providing for data completeness, and other optimizations can help your firm gain further value. Integrating other data sources directly within the platform puts the right information at your fingertips, without requiring additional steps like manual imports. Ultimately, relying on a platform that receives routine updates based on industry feedback creates the best opportunity to leverage a consistently evolving tool.

In the panel portion of the webinar, Gary emphasizes the importance of identifying goals before executing on data initiatives. Often, firms build data warehouses or lakes, then choose to frame their goals around capabilities. Instead, firms should seek to leverage the right solution based on their goals. As adoption increases, they should guide their next steps based on how workflows involve referencing data.

Gary closed his presentation by referencing Dealpath’s Blackstone testimonial, in which key real estate executives speak to the power of tracking data from acquisitions through dispositions to guide decision making.

Identifying and Achieving Data Efficiencies For Your Firm

Watch the full presentation to learn how your firm can adopt a deal management solution that drives data-related efficiencies across investment workflows.