The 7 Questions Every Head of Business Development Needs Answers to...Pronto.
To fulfill your capital-raising mandate, you and your business development team need to be able to gather, view, and analyze data in real-time. Only by doing so can you prioritize opportunities, drive efficiencies, and maximize outcomes.
Backstop’s capital-raising solutions deliver data to you when and how you need it, enabling your business development team to inject as much capital as possible into your fund. Our fundraising capabilities allow for easy tracking, monitoring, and management of capital pipelines and associated activities during the capital-raising cycle. Business development managers can readily manage interest levels, investor types, and investment probabilities, and create and share pipeline reports to measure sales effectiveness.
Capital-Raising Dashboards give you the real-time data, analytics, and insights you need to answer important questions on the fly. With enhanced, data-driven decision-making, you gain the ability to focus the right resources on the right opportunities at the right time. By using Capital-Raising Dashboards, you can answer operational questions such as:
Capital-Raising Dashboards also help you answer strategic questions, including:
Do you want to raise capital the smart way or the hard way? The hard way involves wrestling with multiple spreadsheets on shared drives. The smart way is to use Backstop’s Pipeline Manager. With Pipeline Manager, you and your business development team can get out of spreadsheet purgatory and view pipeline information directly, slicing and dicing data by team member, geography, lead source, expected close date, opportunity stage, probability, and more. Pipeline Manager empowers you to easily answer crucial questions such as:
“Having a centralized system where we can quickly pull records of every single interaction has been vital to our success.”