The methods and tools employed by companies to acquire new clients within a specified timeframe are referred to as tools for acquisition by companies. They may include marketing and strategies for advertising that attract prospects their attention, as well as tools for customer service to maintain existing customers. However, business acquisitions can be time-consuming, costly and can be a strategic challenge. There are a variety of tools to help you overcome these issues and increase your odds of success.

A Virtual Data Room (VDR) is an encrypted repository that allows multiple users to access and examine confidential information in a safe environment. VDRs are employed by M&A teams to conduct due diligence and integration after merger, and many adhere to strict security standards established by FINRA and the SEC.

Artificial intelligence (AI) is transforming M&A by automating and enabling digitally the core M&A functions. AI can aid in facilitating integration, reduce costs, and accelerate the pace of deal-making. CFOs can use the new breed of M&A tools to reach their goals faster and more efficiently, but they should be cautious not to invest too much in an technology that can only partially achieve their goals.

A centralized project management platform can help make the M&A process more manageable and less chaotic. M&A platforms provide M&A team members with a one-stop shop and features that help support the entire M&A cycle. These include a suite of diligence management and internal capabilities for managing projects, and post-merger planning. Some offer advanced M&A analytical capabilities, like Watson sentiment analysis and Nudges for prompting feedback.