Mergers and acquisitions can bring huge business benefits, but each firm's systems - not just managing directors - need to talk to each other. Mark Loosmore explains.
There has been a significant rise in consolidations and acquisitions of late, particularly as a result of the Retail Distribution Review (RDR), as firms seek ways to adapt to efficiently provide a differentiated service. However, this brings with it challenges associated with integrating differing processes, cultures and frequently technology. Acquisitions can bring a number of huge opportunities for the company on each side. These can range from ‘day to day' opportunities, such as increased cost efficiencies to larger long term offerings including increased market reach, new resou...
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