effective in ensuring a smooth transition?

diana85pope
diana85pope
in Modeling

Hi All,

When integrating the financial systems of an acquired company, what common challenges have you encountered, and what strategies have proven effective in ensuring a smooth transition? Specifically, how have you managed data migration, aligning accounting processes, and maintaining financial reporting accuracy throughout the process?

Looking forward to hearing your experiences!

Best Regards,

Diana

Answers

  • Dikshant
    Dikshant

    Data translation is most important, and which tool the new company is using for FP&A. Based on that, you need to translate data from the old organizational hierarchy to the new one and that required business inputs and multiple discussions.

  • kahunroleh
    kahunroleh
    edited February 3

    Integrating financial systems during an acquisition can be tricky, but a few common challenges stand out. Data migration is often the biggest hurdle—ensuring data accuracy and consistency across systems requires careful planning and validation.

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