{"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
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
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\tActions<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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