{"id":4357,"date":"2021-12-03T14:07:32","date_gmt":"2021-12-03T19:07:32","guid":{"rendered":"https:\/\/prisio.com\/?p=4357"},"modified":"2022-02-03T00:27:29","modified_gmt":"2022-02-03T05:27:29","slug":"business-system-consolidation-case-study","status":"publish","type":"post","link":"https:\/\/prisio.com\/business-system-consolidation-case-study\/","title":{"rendered":"Case Study: Post-Merger Consolidation of Business Systems"},"content":{"rendered":"\t\t
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Case Study: Post-Merger Consolidation of Business Systems<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Situation<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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When a company makes an acquisition or merges with another company, it\u2019s likely there will be different business systems, presenting a range of integration challenges often taking years to fully overcome. If these challenges are handled effectively, though, it will ultimately result in net efficiencies and cost savings across the enterprise.<\/p>

Prisio has been doing work for a major US-based entertainment company, streamlining their financial processes and systems, including billing, revenue management, credit and collections. The company then acquired another media company for over $1B to extend their global media and entertainment footprint. The target company was headquartered in the UK, and managed a number of operations in multiple different countries, spanning Western and Central Europe, Latin America and the USA.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\tThis presented a number of challenges for consolidation, including, cultural, language, legal, and regulatory. Each country had its own jurisdictions, requirements, and regulations. In addition, while the acquiring company ran on Oracle for Finance and Procurement, with a single chart of accounts, the target firm had multiple business application systems with different charts of accounts in different countries.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Objective<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The company formed a special team to address these issues. Based on the successful work Prisio had done prior with their US-based teams, they engaged Prisio to create a comprehensive plan to systematically merge and consolidate all of the business systems, across all of the newly acquired global operations.<\/p>

Initially, the short-term goal was to perform a detailed assessment of the various financial business applications. Ultimately, the long-term goal was to create a unified Global Chart of Accounts, with a single fully-integrated business application globally.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Actions<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\tThe initial assessment was intended to be a precursor to the integration, migration and implementation initiative. Prisio worked with the company\u2019s financial teams to perform and deliver the following:\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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