It’s important to maximize the value of a company you buy. In many instances, this will require changing the way in which the acquired company operates. This kind of change can be risky however, it is essential to achieve the value of the deal.
To successfully integrate two companies, the m&a process requires meticulous planning. It is essential to begin planning integration prior to closing and focusing on the potential value early and generating synergy.
A partner in m&a that offers integration services can speed up integration and ensure the success of the project. They can ease the process as well as provide clear instructions and effectively communicate with the stakeholders throughout the process. They can also ensure that the appropriate people are in their roles and that all resources are in place.
A key aspect of the m&a integration process is determining the way in which the new company will function by designing an operating model. While functional work stream managers are responsible for defining the details of the operating model, it is the role of the integration leader to evaluate and verify the plan. This includes ensuring that the plan aligns with the objectives and allows effective strategic execution.
Additionally, the integration leader is SteerCo’s eyes and ears, escalating issues and possible risks to the executive team when required. The integration leader must also be confident in their management upwards as they know when to delegate to the ILT or workstreams, and when to make decisions on behalf of the executive team.
https://boardroomuk.com/transforming-document-management-practices-with-virtual-data-rooms/