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Finance function integration

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

  1. 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
  2. We help to establish target state for the finance function, based on business requirements of the acquiring party
  3. Change management work plan is developed, using Deloitte methodology based on best practices
  4. Finance function of the acquree is transformed in accordance with the work plan developed
  5. 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
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