Are you M&A ready?September 30, 2019
These days, chances are you will be asked to help orchestrate a merger or acquisition at some point, if you have not already. But you don’t have to wait until the project is underway. In fact, you can get started on a few things now, before an M&A is even being discussed by your executive team.
The good thing is, many of the best practices to prepare your people and processes for an M&A also overlap with your broader digital transformation journey. So, it is effort well spent to put some thought in now, as it will benefit your organization on several levels. Here are examples:
- Adopt flexible architectures and processes
- Be able to tell the difference between general IT issues and those related to a merger
- Gather ready-made tools, templates, and checklists
- Be ready to backfill IT roles with external IT sources, so your team has time and space to execute the M&A
- Research a trusted transformation partner you can tap for help when the time comes
- Before: Get involved early
- Gartner estimates that more than 50% of all integration activities rely on IT, with 25% those directly led by IT. Organizations who want their transition to go more smoothly should involve IT up front. As CIO, you should:
- Ask for a seat at the table; do not wait to be asked
- Help screen M&A candidates to estimate integration effort
- Plan the integration process, especially Day 1
- Support your M&A “clean teams” as needed
- Tee up your trusted transformation partner
More than 50% of organizations reach out for technology help with an M&A. It’s a great opportunity to bring in a seasoned partner like Binary Tree who can help smooth the process and refine your M&A playbook.
Binary Tree has supported thousands of enterprise mergers and acquisitions. We’ve worked on the largest and most complex M&A transactions on the planet. Our end-to-end enterprise M&A solutions enable organizations to achieve their business and integration goals.
To find out more about what we can do for you, get in touch. We look forward to working with you on your next merger or acquisition.