Mergers and acquisitions are on the rise, according to recent research from Deloitte. While the number of mergers and acquisitions may be growing, one thing remains constant — they are notoriously disruptive and complex for information management.
Mergers, acquisitions and divestitures (MAD) can look different for every organization, so it’s important to develop a comprehensive strategy for before, during and after a MAD.
Before acquisitions and divestitures can take place, organizations need to align their records and information management (RIM) — in all formats. Often, this begins with data mapping. The organizations can collaborate to create information maps of their data. They also need to rate the importance of each data type.
Throughout this process, organizations may find that their approaches to RIM are incompatible. This incompatibility can pose an additional challenge during acquisitions and divestitures, but this challenge isn’t insurmountable.
Both organizations must work together to establish a unified system that benefits the new organization. Leading this type of transition can be tricky — that’s why it’s critical to identify the proper RIM leaders.
An experienced RIM professional can help both sides of the organization learn and assess important aspects of the RIM policies.
What else can you do to make the merger as seamless as possible? Register for an informative webinar that will answer key questions that arise during mergers and acquisitions. For example, what information is required for the transaction? Who should be able to access the information and how should it be shared? Other decisions concern what data is stored, where it’s stored and how it should be destroyed once it’s no longer needed.
Navigating the disruptions of mergers and acquisitions can be challenging, but you don’t have to go it alone. Attend this webinar Thursday, Sept. 20 to gain valuable MAD insight and support.