Goals and Challenges
- Build an effective management system for a newly acquired company
- Receive financial information from the newly acquired company in the shortest time possible
- Motivate the employees of the acquired company to comply with the requirements of the takeover company
- Minimize costs for restructuring the acquired company
What we do
- The first step we take to help successfully reorganize the finance function is to analyze its current state, in relation to:
• Organization of finance function processes, ensuring they are efficient and follow best practices
• Business planning, budgeting, accounting and reporting, checking to see if the company can provide useful, accurate and clear information
• Support with regulations, methodologies and procedures in the finance function
• Organizational structure of the finance function, assigning roles and responsibilities
• Effective internal controls
• Finance function information systems
- We help to establish target state for the finance function, based on business requirements of the acquiring party
- Change management work plan is developed, using Deloitte methodology based on best practices
- Finance function of the acquree is transformed in accordance with the work plan developed
- Once changes have been made, we assess whether or not the target state of the finance function has been reached
How your business will benefit
- Independent professional assessment of the current state of the newly acquired company
- Establishment of a target state for the finance function
- Program of top-priority changes, aimed at meeting the principal needs of the acquiring company, taking into account tax risks as well as regional and industry specific needs
- Integration support, assistance in project management, assistance in developing/revising methodology documents, process changes, management of IT system changes
- Assistance with implementing a single IT system configuration