Dealing with figures and data can be overwhelming, but these applications can help.
Rule number one for entrepreneurs: know your numbers. Having your metrics and key performance indicators (KPIs) organized and ready for presentation is crucial when approaching investors for funding.
Thankfully, there are a variety of online platforms and apps that can serve as business intelligence and data rooms, so you’re always in the know when it comes to your performance.
It’s known as an all-in-one investment management platform. By setting up an Angelloop profile, entrepreneurs can give investors access to information about the startup, including KPIs and cash flow. Business owners won’t have to keep sending presentations and spreadsheets to investors. Instead, they can simply link to their Angelloop profile, which is always up-to-date.
Instead of using numerous different applications to store data such as sales numbers, cash flow, customer churn rate, and marketing campaign performance, you can use Dasheroo. It automatically compiles your business data and produces helpful reports on a dashboard. It gives preconfigured insights into your numbers too.
Gust serves as your online data room. By uploading the startup’s pitch deck, business plan, and financials, entrepreneurs can pitch events and apply to start-up conferences. Founders can network with investors on the platform to discuss potential deals. Because it’s all online, you can update documents and exchange them in real time while talking to investors.
Article by: Alexandra Chaves