For venture funds, angel groups, and private equity firms, a strong deal flow is their ticket to the big leagues–the hottest clubs in town teeming with potential unicorn startups that could bring in massive returns. To manage a deal stream effectively, you must employ the right tools from research to sourcing, due diligence, portfolio company support and even new fundraising.

You can streamline your processes using the best deal-management software and improve collaboration within your firm. The right platform will virtual data rooms facilitating legal document management give you an unifying source of information and provides visibility into investments, which can help you better manage deal pipelines and boost overall fund performance.

The first step in establishing an effective deal flow is sourcing and analyzing the best opportunities to achieve your investing goals. To do that you will require a tool that assists you in identifying and understand the startup landscape and what makes each startup distinct.

When you have discovered an investment opportunity that fits your criteria and is in accordance with your objectives The next step is to bring it to the attention of the investment team. This includes meeting with entrepreneurs, completing due diligence and ultimately making an investment decision.

If you’re in the early stages of evaluating an opportunity or you’re deep into due diligence, the best deal flow management software lets you to keep your stakeholders updated with real-time status updates and extensive reports. It also gives you the ability to modify the tool to suit your investment process, with features that help you record notes and share your insights with the team.