Paylocity is an all-in-one software platform helping HR professionals achieve their best with automation, data-driven insights, and engagement. Amanda Mucek is the former Manager of Corporate Development at Paylocity.
DealRoom CEO Kison Patel sat her down to have a conversation about how they were able to manage due diligence efficiently using DealRoom.
Prior to implementing DealRoom, Amanda was using Excel trackers to conduct due diligence.
Maintaining these kinds of Excel trackers requires using confusing and unreliable formulas to track requests and extensive list keeping. Due to complex pipeline tracking, there can become an issue of not knowing which Excel sheet is the correct one with the most recent information.
This alone can cause confusion, miscommunication, and errors resulting in redoing work. Amanda noted these challenges created long hours, which turned into late nights. Additionally, she experienced:
After realizing repeated shortcomings in their current practices, Amanda searched for alternatives. After coming across DealRoom, they noticed the platform had solutions for each challenge they were looking to solve.
One of them is DealRoom's pre-build templates that fit with each client’s needs, which saves time building redundant Excel spreadsheets.
The stand-out feature also recognized is DealRoom’s request feature. By providing a framework to manage thousands of documents and multiple teams, the request feature lays everything out to be answered efficiently and accurately.
Other solutions she noticed include:
By implementing DealRoom, Amanda noted the need for Excel trackers was either eliminated completely or drastically reduced.
The transparent nature of the platform also created accountability amongst team members, drawing a line between what needed to get done and who needed to do it.
She was able to save a large amount of time as well, saying overall their teams: