Corporate development: Where every detail counts

Record-keeping has always been an important part of business. No more is this important than in corporate development, where specialists scour acquisition targets and drive multiple transactions toward favorable outcomes for their companies. Keeping track of all these actions and directing them toward the company’s desired outcome in real time is a challenge to the teams responsible for corporate development.

                                                                                Image source: propublica.org


Not too long ago, many companies managed corporate development through manual storage in various locations, tracking through spreadsheets, and holding weekly calls with the corporate development teams.



The way things have been done before may no longer be as effective. That is why a new system of record, which would serve as the standard, may be in order. Switching to a newer system may be the solution needed to make the acquisition process more streamlined and transparent.

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A centralized and secure system would allow members of the team to catalogue, view, and update all pertinent information from a single, secure source. Platforms offered by content management solutions providers, such as IntraLinks, would also let companies connect with their intranets, allowing limited outside access to important documents in a secure fashion, and let teams monitor the progress in real time.

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Streamlining the acquisition lifecycle and managing oversight over it is a vital part of the corporate development process.

Ron Hovsepian is the chairman, CEO, and director of IntraLinks, Inc., a provider of corporate collaborative solutions based on the cloud. More information on its services can be accessed on this website.