5. Don’t overlook the little things
Back-office and outsourced activities like banking and human resources may be far from the top of the list when completing an acquisition, but waiting to look at them until the deal is complete can cause delays in onboarding. The quicker you address these activities, the sooner they can be offloaded from the acquired company. Also, any contracts with outsourced service providers can help calculate timelines for transitioning data into the new system.
Using a documentation platform to automate data transfer can help ensure a seamless transition. Not only that, but well-kept documentation can support the onboarding process for employees coming over in an acquisition and help minimize the learning curve.
An acquisition can start an exciting new chapter for any company, but only if it’s done right. Following these tips can improve the likelihood an acquisition will run smoothly and be mutually beneficial for the businesses involved, their customers, and their employees.
KATHY WAGNER leads all finance, human resources, and legal activities across the full portfolio of Kaseya companies. She possesses a deep understanding of the role of finance in business and has acted as a key adviser on more than 50 acquisition and integration efforts, providing guidance during negotiations.