Leading the post merger integration (PMI) of two companies is hard. You’ve got many plates spinning at the same time, and a lot riding on keeping them in the air. There’s a lot to achieve, and a lot to manage.
So, what’s on the post merger integration to-do list?
A PMI is a very long list to tick off. And not minor things, either. Things like transferring payroll, merging IT systems that have never met before, and making two company cultures play nice. Let’s not forget combining sales strategies, merging customer databases and HR policies.
If you’re on the hook to deliver the post merger integration, you have got some serious, big-picture problems to solve; yet you have all these operational tasks to juggle, too. And you’re still chasing people for status updates. Stop that.
There’s an app for Post Merger Integration.
If you’re involved in a PMI project, do yourself a favor. Use a tool. There are tools that give you workflows to track value, deadlines, get sign-off, and measure progress vs. plan.
Get time back. Time to invest in solving problems and removing roadblocks and ensuring things don’t fall through the cracks because you don’t have enough hours in the day.
Do It. Really!
At Asteri, we power our post merger integration work with tools. There are really good tools out there. We swear by Amplify. We don’t do post merger integration work without it.
The business case is a no-brainer and like with any enterprise application, it’s simple, but it’s not easy. Because tools are mostly simple to set up and hard to adopt. Just know that the effort will pay off in spades.
User adoption makes or break your tool’s automation power. You need to onboard people to the tool, then get them to use it as intended. All we are saying is, make your life easier down the track, don’t undercook the amount of change management effort that is needed at the start!
Like us at Asteri, you won’t want to do post-merger integration projects any longer without the right tool.
