Mergers and acquisitions are a long and complicated process for organizations. Regardless of the reason for the merger or acquisition, you are either preparing for this major project or working on it. Each company will be planning to migrate its multiple systems (Payroll, HRIS, ERP, CRM, Recruiting, Onboarding, Performance, Learning, etc.), culture, policies, procedures, local state and federal regulation compliance needs, and more.
This involves assessing each organization's processes, technology stacks, workflows, etc., and determining which processes and technologies will work for both companies long-term. Sometimes companies will keep an existing technology and then migrate the other company's data into it. Other times, the company will need a new system that is large enough to contain the amount of data each organization is bringing, which can mean looking into new systems.
Each merger and acquisition is specific to each deal and our advisors are here to help control costs, mitigate risk, streamline processes, calculate the total cost of ownership (TCO), and determine options for the next steps.
Below are additional HR Strategic Advisory that our Consultants can help you with:
For more information on how Providence can assist you with HR Strategic Advice, you can contact us online by completing the form below. Our team is ready to help your company streamline processes and services to enhance ROI and achieve business goals.