A Merger and Acquisition is a crucial phase for any organization and should be dealt with great sensitivity and diligence. If strategized properly, it could offer many hidden benefits to the company and pave way for more robust work processes.
Let us see what hidden gems does M&A offers:
Gauging the Unknown
The easiest and obvious mistake one commits is to formulate a strategy on what is visible in plain sight and not see what lies hidden and is ambiguous. You should be ready to brace the uncertainty and watch out for those loose ends that can derail your whole merger process for Software & Technology Solutions. The process of figuring out can begin with simple questions like:
Are you going to meet the launch deadline?
Are all the critical systems and processes in place for day 1?
Is every stakeholder clear about their future roles?
Are there any systems we have forgotten about?
These simple questions if discussed among your team members can further reveal hidden issues which you could have missed easily.
Let Chaos Drive Your Strategic Goals
“The ensuing turmoil can act as a perfect catalyst to introduce not only short term strategic goals but also long term strategic goals.”
Any merger and/or acquisition deal comes with its own share of surprises. It is definitely going to raise the anxiety levels in your team. But here lies an opportunity to drive everyone towards a common goal and will necessitate you to step up your game.
For example, your efforts in the past to introduce a new age technology might have been unsuccessful as result of lack of opportunity and reluctance to adopt the new change.
Make Way For The New System
Take stock of the situation of all the existing inventory and find out which are the systems and processes that need to be decommissioned and plan for the new systems that you need to build up for the newly aligned organizational goals. You may need to invest in certain discovery tools which can evaluate the details of the existing setup and help you decide in choosing the right technology and infrastructure and let you overcome any foreseeable challenge. This will give you enough resources to migrate from the outdated systems and utilize the opportunity to implement the long pending lists of systems.
Finally, The Transition
You can deal with Transition in different ways, depending on the size, cost implications and the scale of impact.
The first way to do is to migrate everyone to the new process only when everyone’s trained enough to adopt new processes and are ready to switch to the new way of doing things.
The synchronization approach is also applicable in scenarios when there is a huge data transfer involved between the old and new systems and is a time-intensive process.
The biggest advantage is to get away from all the data redundancies that have been existing since long which you couldn’t address under normal conditions.
Merger and Acquisitions can be taxing to both the parties and they are often caught in the fire fighting mode rather than preparing themselves for the new future. It is advisable to work with an external technology partner who specializes in migration, consolidation, and integration of systems. They bring unique technological expertise to the table owing to their niche domain knowledge combined with practical exposure. Ace has accumulated years of experience in M&A and has successfully catalyzed many transitions. You can get in touch with us to understand our methodology and how we implement transitions in unique scenarios.