No items found.
MAY 19th, 2022
It’s time for new M&A ideas to bloom, register for the M&A Science Spring Summit on May 19th!
Register Now!

5 Reasons You Shouldn’t Buy DealRoom

Kison Patel
CEO and Founder of DealRoom
Kison Patel

Kison Patel is the Founder and CEO of DealRoom, a Chicago-based diligence management software that uses Agile principles to innovate and modernize the finance industry. As a former M&A advisor with over a decade of experience, Kison developed DealRoom after seeing first hand a number of deep-seated, industry-wide structural issues and inefficiencies.

CEO and Founder of DealRoom

In the complex world of M&A, finding the right tools for your process is crucial. We believe DealRoom is one of the best in the business and our many satisfied customers attest to its effectiveness. However, it’s not a fit for all companies. Let's explore 5 reasons why you shouldn’t buy DealRoom – and in doing so, perhaps help you make a more informed decision. 

1. You prefer the traditional way of doing M&A 

For decades, M&A teams have settled with using many disparate tools like Excel, emails, and manual workflows to run their M&A practice. Even though this approach is highly inefficient,  it’s “the way it’s always been done”.  For many of these businesses the single-source-of-truth approach of the DealRoom platform may be too disruptive. DealRoom aims to replace all of your existing tools to streamline the entire M&A process

2. Rapid Integration Isn’t Your Style

Integration is the most crucial part of any deal, and all companies handle it differently. For firms that prefer a slower paced integration phase, the DealRoom platform’s focus on efficiency might feel overwhelming. Its fast-paced, results-oriented approach is designed for speed and might not align with a more gradual, step-by-step strategy.

3. Your team members thrive working in silos

If your strategy involves a siloed approach to deal-making, where teams work independently with minimal cross-communication, then DealRoom’s collaborative platform may not fit your style. Our focus on driving collaborative and an agile approach may not fit your style and might distract your team.

4. You Have Established, Disparate Systems

Some organizations have already invested heavily in multiple, separate systems for different aspects of their M&A process. This may make switching to DealRoom seem challenging, as it consolidates various functions into one hub. The DealRoom platform was built for enhancing collaboration and transparency across teams, which might be a shift from your current mode of operation.

5. You Prefer Complex Interfaces

DealRoom is known for its user-friendly interface, designed for ease of use and accessibility. If your team is more accustomed to and prefers navigating complex software solutions, then DealRoom's straightforward, intuitive design might not meet your expectations for sophistication and technicality.

Conclusion 

DealRoom empowers many businesses to eliminate misalignment across teams, reduce costs, and save time.  But, as you have learned, DealRoom isn’t the right platform for everyone. The five reasons shared above highlight the importance of selecting a platform that aligns with your team's specific needs and working style. If after reading this blog, you think DealRoom would be a fit for your organization, we’d love to hear from you.  Reach out here to learn more. 

In the complex world of M&A, finding the right tools for your process is crucial. We believe DealRoom is one of the best in the business and our many satisfied customers attest to its effectiveness. However, it’s not a fit for all companies. Let's explore 5 reasons why you shouldn’t buy DealRoom – and in doing so, perhaps help you make a more informed decision. 

1. You prefer the traditional way of doing M&A 

For decades, M&A teams have settled with using many disparate tools like Excel, emails, and manual workflows to run their M&A practice. Even though this approach is highly inefficient,  it’s “the way it’s always been done”.  For many of these businesses the single-source-of-truth approach of the DealRoom platform may be too disruptive. DealRoom aims to replace all of your existing tools to streamline the entire M&A process

2. Rapid Integration Isn’t Your Style

Integration is the most crucial part of any deal, and all companies handle it differently. For firms that prefer a slower paced integration phase, the DealRoom platform’s focus on efficiency might feel overwhelming. Its fast-paced, results-oriented approach is designed for speed and might not align with a more gradual, step-by-step strategy.

3. Your team members thrive working in silos

If your strategy involves a siloed approach to deal-making, where teams work independently with minimal cross-communication, then DealRoom’s collaborative platform may not fit your style. Our focus on driving collaborative and an agile approach may not fit your style and might distract your team.

4. You Have Established, Disparate Systems

Some organizations have already invested heavily in multiple, separate systems for different aspects of their M&A process. This may make switching to DealRoom seem challenging, as it consolidates various functions into one hub. The DealRoom platform was built for enhancing collaboration and transparency across teams, which might be a shift from your current mode of operation.

5. You Prefer Complex Interfaces

DealRoom is known for its user-friendly interface, designed for ease of use and accessibility. If your team is more accustomed to and prefers navigating complex software solutions, then DealRoom's straightforward, intuitive design might not meet your expectations for sophistication and technicality.

Conclusion 

DealRoom empowers many businesses to eliminate misalignment across teams, reduce costs, and save time.  But, as you have learned, DealRoom isn’t the right platform for everyone. The five reasons shared above highlight the importance of selecting a platform that aligns with your team's specific needs and working style. If after reading this blog, you think DealRoom would be a fit for your organization, we’d love to hear from you.  Reach out here to learn more. 

Contact M&A Science to learn more
Grab copy now

Get your M&A process in order. Use DealRoom as a single source of truth and align your team.

Join 2,000+ forward-thinking M&A practitioners

Get weekly updates about M&A Science upcoming webinars, podcasts and events!

7
Subscribe for free
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.