Because organizations that complete an acquisition or a merger realize that the speed with which they integrate their systems and processes is a Critical Success Factor, the goal becomes: limit the time and cost to integrate and focus on achieving the process and data consolidation necessary to improve the organization’s performance.
The challenge is that typically, after a merger or acquisition, organizations need to gather, analyze and report on information that may be coming from several disparate and complex systems.
The need to maintain the integrity of transactional data in financial, customer and other operational systems is essential. There is also a necessity to improve reporting systems to provide information at a broader, more consolidated level. More efficient communication between application systems is critical.
When undertaking a system integration project, it is important to ensure that all the areas of IT are planned and managed to improve the odds of success. A sample checklist is provided below:
Is there an IT roadmap and strategy?
Has a consolidation plan for the IT systems been established?
Does a consolidation plan have adequate time and resources for integration?
Have test plans been developed?
Is there a contingency plan on hand?
Are all the systems elements included in the consolidation plan?
Has the plan for IT procurement, physical location and resources been determined?
Has all the documentation been obtained from the merging parties?
Has a strong IT integration team been formed with efficient leadership and team members?
Is there a risk management plan in in place?
Are the following particulars of the IT environment addressed?
IT Leadership team
IT Integration of work culture
Business application and architecture
Data or call center facilities
IT products and services
Licensing of products
After the consolidation, is ample testing performed on integrated systems to ensure the success of integration and seamless functioning of integrated applications?
Are the timelines and milestones being considered?
Is the whole integration process documented, updated in a timely manner and properly maintained?
Is the integration report and plan made available organization-wide?
Proper systems integration can help an organization achieve anticipated synergies by consolidating the key data and transactions that enable effective decision making. The challenge is integrating the merged organization’s different technologies systems, and processes while protecting the organizations’ investments in each of these areas.
The Litcom Approach
Litcom’s PMI ( Post Merger Integration) methodology provides a structured approach for rapid integration of IT Services & Technologies to deliver optimum value to the new organization. Within our PMI process, we focus on our client’s key needs and issues including retention of people, reduction of costs and maintaining market confidence.
When a company decides to merge with or to acquire another company, it is critical to understand the extent to which integration of the information technologies and the organization is needed.
At Litcom, our post-merger integration team provides strategic due diligence, communication planning, implementation planning and change management to meet your post-merger IT needs. Our goal is to provide a cost-effective way to ensure that your new company merges all its IT operations as seamlessly as possible. Our strength is our extensive experience in information technology and project management. With these skills, we can create concrete goals and executable projects that ensure your merger will be as productive as possible. To learn more about Litcom’s PMI methodology, please contact us at: email@example.com.