The need for strong project
management and hands-on expertise
escalates during
mergers and acquisitions.
Understanding & Know-How
Next Step knows the issues and risks involved in
getting two organizations on disparate systems to
make the required decisions and transition effectively
to
a single solution. Most importantly, we understand
the potential negative impact to your customers/members,
staff and bottom line. We have provided project and
risk management services for numerous multi-billion
dollar acquisitions, including large mergers of equal
sized institutions. We have also worked smaller initiatives,
ensuring the same level of high success. Perhaps
the
best indicator of our value is the fact that the
same clients utilize our services for multiple M&A
engagements as they fulfill their growth strategies.
Next
Step Gets You Started Fast
M&As typically come with very strict deadlines,
thereby demanding a very fast startup on the technology
conversion. Next Step’s approach ensures your
staff is immediately productive on key tasks that
must be completed quickly to ensure timely success.
With
proven tools and processes in hand, we get the
business units of both organizations working on product
consolidation/mapping,
process review, and operational integration. At
the same time, we work with your team to compare the
two
system environments and determine what components
will comprise the new combined environment. We then
develop
a detailed strategy for conversion.
11 Point Risk
Management Methodology Delivers Success
The fast start is complimented by the simultaneous
development of our Master Assurance Plan™,
integrated project timeline covering all tasks,
and the ongoing
management of the initiative according to our
11 point risk management methodology. All efforts
are focused
on managing the risks, completing the job on
time and within budget, ensuring staff readiness
with new systems
and procedures, and minimizing impact to the
customers/members. The bottom line -- your institution
will be able to
realize benefits of the merger or acquisition
as planned.
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