Mergers and acquisitions made easier with integration
Mergers and acquisitions made easier with integrationWhen it comes to mergers or acquisitions, almost all deadlines are tight. As the subject is usually commercially sensitive, the business may only be able to disclose the information at the last moment. So, you have a limited time to make everything work before the change-over. Usually, a business allows you a 3–4-week grace period after the merger. However, every situation is different.
- HR System – bringing staff from the merging company into your HR system
- Finance and accounting – bank statements, ledgers, etc.
- Sales order application – bringing sales order records into your system
- Purchase order application – bringing purchase order records into your system
- Bringing assorted data from the merging company into your on-premises database, data warehouse, EDI, or cloud application
- Find out if the merging company already has existing endpoints for their systems and what’s required to access them, i.e., URL, authentication method, etc.
- HR system – enter 'termination date' to your staff record and create a new staff table with 'start date' for the new entity.
- Bank statement – request your bank to create another SFTP location under the same root for the bank statement (if your bank sends statements via SFTP), as you need to separate the existing company's account from the new entity's. You must process both statements separately until the existing company’s account has ceased operating.
- Sales order and purchase order systems – these can be processed similarly to your ERP system, back-end database, or data warehouse. However, as your tax details and contact information will require some changes, it needs a minor tweak here and there for your invoicing and purchase order system. The new parent company will require sales and purchase data from your system after the merged date.
- Retail website – the integration between your product stock data and the retail website will not change. If the trade name and logo change, you need to work with your front-end website company to make those and any other changes.
- POS system – this will need minor configuration changes to your tax number and contact information.
- Company website – contact information change, news about merging.
Adaptiv is a specialised integration company with a wealth of knowledge and experience. We have talented data specialists, integration architects, developers, and project managers. We can plan and assist you in your digital transformation to ensure it's as quick and pain-free as possible.
Author: Yuko Mattingley
Sign up for advance notifications of Adaptiv events.