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Finding a company that will improve your bottom line is a new level of success. But the process of acquiring a new business can be daunting—especially for IT departments who are responsible for integrating the two systems.
A merger involves more than just deciding who will get what assets. You’ll need to create new systems that integrate the two companies and make sure all existing data is securely transferred. This process can be overwhelming and time-consuming, but it doesn’t have to be. By enlisting the help of M&A IT consulting (Merger & Acquisition), you can ensure a smooth transition with minimal disruption.
When you merge two companies, IT is just one of the many elements that have to be thought of, but it’s a critical one. Two separate networks, databases, and systems need to come together as one while still remaining secure. You might face some of the following challenges as you merge:
When two companies come together, they don’t always use the same software. Integrating data from one system to another can be tricky and time-consuming. Without IT consulting, you may need to manually enter data into each system or hire someone to write code that makes them compatible.
You both might have tools and strategies that work best for you. However, the key to successful integration is finding a way to manage both sets of data—without sacrificing security or efficiency.
When you’re merging companies, it can be difficult to avoid downtime. You may find yourself managing two sets of processes, tools, and strategies that work best for each company separately. This can lead to duplicate tasks or even overlooked steps.
Every business treats technology differently. You might take advantage of every new tool while the company you merge with sticks to the basics. This can cause tension between employees and put strain on your IT department as they try to bridge the gap.
During a transition, there is always the risk of data loss or breaches in security. This can lead to serious consequences if not handled correctly and put you at risk for fines and litigation.
From cloud applications and mobile technology to artificial intelligence and machine learning, modern businesses need to be able to adapt quickly. This can cause a lot of headaches for IT departments if they’re not prepared for the changes.
You might be thinking your in-house IT teams can handle the transition, and depending on the size and skill of your team, that may be true. But if you have just a few people implementing a major IT merge, you’ll experience all the challenges above. Instead of using up all your time and resources only to face problems in the end, an M&A IT consulting firm can help.
An experienced M&A IT consultant can provide a wealth of expertise that you won’t find in-house. They understand the importance of security and data loss prevention, as well as the most effective ways to integrate two companies into one. The consultants will be a third party that can get both teams on board with certain tools and best practices.
Your in-house IT team can focus on other tasks while the M&A IT consultants work to ensure a smooth transition. They’ll help you create an effective strategy for merging systems and data, so you can get back to business as usual faster.
As an objective third party, Nexus IT’s M&A IT consulting services can help you identify the best way to move forward with technology. For over 25 years, we’ve helped businesses like yours get access to the best solutions for their IT needs. Our team of experienced consultants can help you through every part of your merger, from planning to implementation and support.
Schedule a consultation with our team to see how we can help you have a successful merger.