EDMS Data and Document Management
  • About Us
    • Company Profile
    • Our Partners
    • Our Clients
    • Careers
    • Our Team
  • Our Industries
    • Energy & Resources
    • Engineering, Construction and Operation                         
    • Power & Utilities
    • Manufacturing
    • Banking & Finance
    • Healthcare
  • Our Solutions
    • Digital Transformation Solution
      • M-Files Solution
      • Nuix Solution
      • DocuSign Solution
      • Newgen Solution
    • Asset Management Solution
      • Fiix Solution
      • Prometheus Solution
      • MaintWiz Solution
  • Our Services
    • Professional ICT Consultancy & Support
    • Asset Management Services
    • Risk, Safety & Environmental Services
    • HR Consultancy & Talent Acquisition
  • Resources
    • News
    • Success Stories
    • Solution Videos
    • On-Demand Webinars
    • M-Files – New Reality of Work
    • M-Files Webinar 2023: Maximizing Project Efficiency with M-Files: Learn How M-Files Simplifies Project Life-Cycle Management.
  • Contact Us
Select Page

How can CIOs make Mergers and Acquisitions Successful with BPM?

by EDMS Consultants Sdn Bhd | Sep 20, 2019 | Digital transformation, Document Management, M-Files, Newgen, Uncategorized

For an organization, a merger or acquisition is not just a strategic process. It’s an event, which requires a lot of planning, analysis, and collaboration among stakeholders. Still, 70 to 90% of mergers and acquisitions (M&A) fail*.

The number is quite alarming. Given that each deal is a result of a thought-out strategy with consultants and CXOs working day and night. So, what could be the reason for this high failure rate of mergers and acquisitions?

As per McKinsey, post-merger 50 to 60% of the initiatives intended to capture synergies are strongly related to IT. However, during M&A, IT discussions often get ignored. Organizations need to accept that M&A is not just about financials or long-term business plans, it’s about technology too. And, CIOs play a key role in determining the success of the event.

Integrating IT for Effective Mergers and Acquisitions

As a CIO to get all the systems and processes up and running on day one is a no mean feat. The risk is high, and your team needs to act fast. This requires you to take the front seat and build a technology landscape, ensuring synchronization across organizations. And, to do that you need to address the below 3 challenges:

  • Taking Legacy Forward or Building a new Legacy

“75% of an integration effort during a merger or acquisition is determining which systems to keep, what data is important and how much integration is actually needed before the companies are technically joined.”- Stephen N. David, a CIO-100 honoree

With various enterprise-wide IT implementations, you accumulate a multitude of legacy systems and applications. So, post-M&A, you are faced with a task to survive and thrive with legacy and find ways to modernize it.

  • Creating a Digital Strategy

Your organization’s digital strategy could be around business transformation, customer-centric innovation or overall business performance. It’s important to set digital goals that you wish to achieve, post a merger or acquisition basis which you would then chart an IT integration roadmap.

  • Consolidating Data

To be operational, you need to ensure that employees have access to the business information anytime-anywhere. However, the key here is to ensure information security and compliance.

Business Process Management (BPM) for Mergers & Acquisitions

Another challenge that most of the businesses face is the inability to track strategy-to-outcome across organizations. Using a process platform like BPM with built-in content-centric workflows on cloud can act as a savior and ensure successful M&As. Here’s how BPM ensures a high success rate:

  • Business Process Integration

BPM allows you to re-engineer processes, integrate operations and monitor performance.
It makes your work easier by helping you identify which processes are to be eliminated or retained, along with the ones should be combined.

  • Continuous Process Improvement

After the M&A, the focus shifts to improving the overall business performance. BPM along with technologies such as social, mobility, and analytics enable omnichannel and contextual engagement, allowing users to do business anytime-anywhere, and driving the process improvement programs.

  • Centralized Content-Centric Process Platform on Cloud

Unlike other processes, mergers and acquisitions processes are collaborative, content-centric, and long-running. They require a process platform like BPM with strong content management capabilities that allow for multi-geography enterprise-wide information access and collaboration.

  • Platform as a Service for Rapid Creation

In the absence of the right technology solution, your executives have used emails, word, excel, and power points for M&A strategy and planning. By using BPM as a service, you empower employees with the flexibility to easily model workflows and deploy processes. This helps in accommodating a wide range of business applications and maintaining an oversight across processes.

  • Decouple Platform Engineering, Governance and Implementation

Key to successful mergers and acquisitions is to decouple engineering from governance and implementation. On-boarding the right technology partner helps you build a platform best-suited for your business needs. While selecting a solution for mergers and acquisitions, it’s important to ensure that it meets your current needs and is scalable to cater to future business requirements.

Business process management (BPM) platform acts as an enabler to make mergers and acquisitions successful and helps CIOs, like you, to proactively assess and address challenges during the process. At Newgen, we aim to help you achieve your goals and reinvent your business through our transformative platforms. 

Source: https://newgensoft.com/blog/can-cios-make-mergers-acquisitions-successful-bpm/

Recent Posts

  • Our guide to choosing the right preventive maintenance software
  • Robotic Process Automation: A Value Creating Capability
  • A complete guide to building an asset management policy
  • Workflow Automation Software – Increasing Enterprise Efficiency
  • Why Collaboration Keeps Growing in the Remote Work World

Recent Comments

    Archives

    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • April 2020
    • March 2020
    • February 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • July 2019
    • June 2019
    • May 2019
    • April 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • September 2018
    • August 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • August 2017
    • July 2017
    • June 2017
    • April 2017
    • March 2017
    • July 2016
    • June 2016
    • March 2016

    Categories

    • AI driven solution
    • artificial intelligence
    • Asset Management
    • asset management policy
    • automated underwriting system
    • business process management
    • case management content
    • claim process
    • Client experience
    • CMMS
    • collaborative platform
    • collaborative working
    • compliance and threat prevention
    • content management system
    • content management system
    • content services platform
    • contract management
    • contract management
    • customer communication management
    • customer experience
    • cx
    • Data Privacy
    • Data Security
    • digital forensics
    • digital records management
    • Digital transformation
    • digital transformation platform
    • Document Management
    • document management
    • doe
    • dosh
    • doso
    • driving digital
    • driving digital
    • e-Discovery
    • Emergency Response Planning
    • enterprise content management
    • Fiix
    • fiix foresight
    • fiix maintenance planning
    • GRC
    • high adoption ecm
    • hse management system
    • hse ms
    • Hubshare
    • hyper automation
    • Incicent Investigation
    • information governance
    • information governance
    • information management
    • information management
    • information management
    • information security
    • insurance
    • Intelligence
    • intelligent content services
    • intelligent information management
    • Inventory Management
    • lean maintenance strategy
    • lopa
    • Low Code Automation
    • low code platform
    • M-Files
    • m-files hr
    • machine learning
    • machine learning
    • maintenance
    • maintenance analysis
    • maintenance budget approval key steps
    • maintenance data management
    • maintenance logs
    • maintenance metrics
    • maintenance software
    • maintenance strategy
    • maintenance team
    • maintenance troubleshooting technique
    • Management of change
    • managing maintenance backlog
    • mechanical integrity
    • metadata
    • metadata
    • metadata driven
    • mobile app solution
    • Newgen
    • newgen banking solution
    • newgen vendor portal
    • NewgenONE
    • Nuix
    • nuix adaptive security
    • nuix discover
    • nuix investigate
    • nuix solution consultants asia pacific
    • Nuix solution malaysia
    • Nuix Workstation
    • operating procedures
    • predictive analytics
    • preventive maintenance
    • PTW
    • QR Code in Maintenance
    • Quantitative risk assessment
    • remote working
    • Risk Management
    • Risk, Safety, Environmental
    • Robotic Process Automation Solution
    • root cause analysis and failure codes
    • RPA
    • RSE
    • Safety
    • safety training
    • scheduled maintenance
    • security & compliance
    • total effective equipment performance
    • total productive maintenance
    • transforming information management
    • Uncategorized
    • unstructured data
    • Work from home
    • work life management
    • work order
    • work remotely
    • work remotely
    • workflow automation
    • workflow automation
    • workflow management
    • working from home
    • workstation

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    Designed by Elegant Themes | Powered by WordPress

    Go to mobile version