The #1 reason private equity teams feel unprepared for board meetings
February 28, 2020
These days, the sheer amount of information at our fingertips at any given moment is positively mind-blowing. With no more than a few taps and swipes, you can get a report on how well you’ve been sleeping, track your monthly spending, check on your security system, or peruse the menu of the restaurant where you’ll be dining tonight.
There’s no denying we have grown accustomed to on-demand data, and we access our data on the go to help us make decisions and prepare for what comes next throughout our daily lives. Why should this experience be any different when you are heading into a meeting with prospective investors or on your way to a portfolio company board meeting?
Private equity investment teams are constantly on the move, preparing for and traveling to meeting after meeting, where critical decisions are made, and deals are done. The problem is the data that deal teams rely on has been locked up in spreadsheets and systems that are anything but mobile-friendly. So, all too often, they feel unprepared as they walk through the door to their next meeting.
When you’re in it to win it, you should be able to quickly call up key portfolio company or sector data points in an easily consumable view. Just imagine pulling up a private equity dashboard for the latest updates as easily as you can glance at a sleep tracker app on your phone to decide to go to bed earlier.
To outpace the competition in private equity, you need to be smarter and faster than the rest of the pack. Having information when you need it is critical. At FIS™, we believe the private equity industry should have the benefits of modern, innovative technology that we enjoy in other areas of our lives and work. This is what led us to develop FIS Private Equity Rainmaker. Rainmaker is putting on-demand data into the hands of deal teams so that you can be as informed and prepared as possible when you head into key discussions.
With Rainmaker, you have the data you need, when and where you need it, so that you can help your firm outperform.