Successful businesses constantly seek growth, and often by acquisition. Learn how to easily overcome the challenges and perceptions associated with integrating disparate technology platforms.
There are several different paths successful businesses follow to achieve growth over time. In recent years, many companies have chosen to grow through acquisition due to market conditions, industry pressure, or simply because suitable opportunities arose.
While the intent of an acquisition is likely to enable company growth, this cannot be easily achieved without successfully combining the operational and financial platforms of the two companies. Unfortunately, in many cases, both companies have disparate and sometimes outdated software products, which impedes the seamless integration of both platforms. That’s why it’s essential for companies to consider the readiness of their own IT infrastructure as they consider the possibility of acquiring or being acquired by another company.
The state of a company’s IT infrastructure is no longer just important to the CIO. Now more than ever, everyone at the boardroom table has a vested interest in ensuring such transactions run seamlessly, with minimal interruption. It’s now incumbent on business leaders to examine their technology choices to be sure that their IT infrastructure incorporates a business integration platform. In addition, the cost, time, complexity, available resources and coordination efforts are also critical considerations when evaluating the readiness of a business’ own IT infrastructure in the wake of a potential acquisition. As the adage goes – “it takes a village”.
The true value of an acquisition is recognized when the both businesses are successfully merged – both financially and operationally. With a responsive, fully-integrated IT platform, leaders of merged businesses gain the ability to apply consistent financial governance across the enterprise. It also gives key stakeholders consistent information that can help accelerate the close process and deliver reliable information for reporting or decision-making. It’s never too early for businesses to set the stage for a seamless and successful acquisition process – whether they are acquiring or preparing to be acquired.