Most firms have consistent reporting formats that need to be generated on an agreed-upon schedule, like weekly or monthly. Great examples of this are a firm’s pipeline report, fundraising status, or a client-facing buyers list report.
For most firms, generating these reports means putting together a Microsoft Excel spreadsheet and spending time to properly sort and format the report every time it needs to be created. Why Excel? What other options do you really have?
If you are using a generic CRM like Salesforce or Microsoft, chances are you need to first run the report with the data you want (assuming that you can get it all in one report), add in the changes to the existing formatting you have saved locally, and then triple-check that everything ties out — a highly manual multi-step process.
If you’re using these generic CRM systems, your only other option is to buy additional third-party tools that help create reports. That requires additional cost and managing a separate vendor relationship — not something most people are looking to do.
DealCloud is different. Rather than lock you into a single type of reporting, you can choose to run reports on the web through Dashboards, in Microsoft Excel or Word using DealCloud platform extensions, or by using push-button tear sheets.
Tear sheets in DealCloud are pre-formatted report templates that allow anyone at your firm to run a report that’s been pre-formatted at anytime from the web or mobile. Tear sheets can be set up for contacts, like bankers or sponsors you need to get briefed on; companies, like transaction targets or investors; or deals. Looking for self-service reporting that requires no training? These are push-button and require one click.
Want reports that are pre-scheduled to reduce administrative burden? We’ve got you covered there too, and reports can be delivered to someone’s inbox as a PDF or Word document. They might be the easiest way to run reports out of any CRM.
Here’s how it works:
Anywhere in DealCloud that you see the icon to the left, that means you have a tear sheet set up. All you need to do is click it to run the report. That’s it, one step.
Clicking on the icon through the web or on mobile will run the report in PDF format. You have complete control over what the report looks like as you can see in the sample below. The colors, layout, logo, and options like images or calculations out of DealCloud are up to you or our Implementation and Account Management teams can help guide you with best practices.
These reports can be scheduled as well. A great example is the weekly pipeline report. Many firms schedule this to email out to the business development or investment teams at 8am on Monday morning, so that everyone who attends the weekly meeting has the information ready for them to review.