| |
|
Scenario #1: Your open source CRM tools started out as an inexpensive solution, but the costs are starting to add up. As the managing director you realize that your system has similarities to a patch-work quilt now wearing thin and see the need for a technology refresh and a full service solution. Rely upon a 100% web-based system that utilizes one technology and can be customized according to your needs without having to rely upon a technological staff in house and the unforeseen costs associated with a technological burden.
Scenario #2: The need for improved reporting capabilities means that you must improve your process for documenting and retaining fund information in a manner that appropriate parties can access. The capacity to save and store these reports in a secure manner is a must. The need turn these reports into spreadsheets that can be circulated as needed. Count on the tags you have created as a classification of your contacts, and count on the classification of your reports as you simply hit the Reports tab and get it done.
Scenario #3: Looking for an easy way to store fund IRR and multiple calculations at a given point has proven difficult enough in Excel, let alone within any type of reporting system. Rely on accurate calculations and the ability to store these data points and associate them with your fund portfolio and generate reports as needed.
Scenario #4: You and another principal are en route to a meeting with an entrepreneur to tour their facility but do not recall relevant details from the previous meeting. Just check the logged conversation notes and meeting minutes associated with their logged contact info via your Blackberry in the cab on the way there. .
Scenario #7: As an associate you have been tasked with centralizing documents for companies and uploading documents (.PDF, .Doc, .Xls) associated with investment companies. Rather than throwing them onto a shared drive that is difficult to access remotely, simply upload them to the Web-server and find them conveniently with the easy GUI.
Scenario #10: A mandate has been given to store capital calls and other fund documentation in a central area for improved accessibility and reliable retrieval. Simply upload your documents with the portfolio companies stored within the Organizations tab.
Scenario #23: You need a method to track the monthly bank report that is more time efficient than the spreadsheet method that you have been using. Rather than fighting through the spreadsheet each month, simply rely on the same system where you house your contacts and everything else to input the numbers and produce the spreadsheet. Enjoy the peace of mind for storing that monthly report ongoing in the same location that can be accessed via the Web. Consider adding business intelligence reporting that can allow you to compare past monthly reports for analytical purposes.
Scenario #34: As the managing director, customizing the classification of contacts, with labels you define, is a must to properly distinguish entrepreneurs from general contacts and venture capitalists and you do not need a ton of CRM features to do so. Just pre-populate your designated list of contact types and find them easily via drop-down menu each time you add a contact.
Scenario #56: After launching a new fund, you can easily add new companies into the reporting engine by leveraging from information previously added from your contact list. Specify associations in one step and investment accounts and realized value as needed. Then generate reports as necessary.
Scenario #72: Before presenting to the Managing Director, you need to compose a comprehensive list of Biotech management teams and quantify their viability in adding them to a company within your current portfolio. Simply search for your tag Biotech and print or export the list as a two dimensional XLS or a PDF.
Scenario #88: You would like a list of companies within your contact database and a list of organizations to somehow track their involvement with one another. Simply create these within the Associations feature to see what contacts correspond with what organizations whether as personnel or to track introductions.
Scenario #92: An email blast needs to go out as soon as possible to inform a select group of an upcoming event. But you still do not have a good method for doing so. You’ve used email blasting software, Outlook’s mail merge feature and even looked at advanced tools within CRM suites that do so. To create an email blast list, simply go to the Reports tab and create a delimited report with the proper email addresses and use Outlook’s mass mailing system.
|
|
|
 |
|
|
| Firefly Full Service © blends Private Equity reporting and CRM for decision science and state of art analytical tools . |
|
|
|
