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MERGERS
 Financial Services
Consolidating IT systems after a merger is a vast risk management project. The costs of integration need to be balanced against the risks, and models should take into account speed of integration, the dangers of interruption to service and the anticipated cost-savings. The IQ Business Group has been involved in systems integration in numerous financial services mergers and acquisitions. One of the first questions the Board of a company born out of a merger asks about IT is usually, “How much money can we save by integrating and pooling the resources of the two companies when the deal is done?” The consensus is that there are often considerable savings to be reaped from integrating two IT environments, but only after a migration process that is more painful and more expensive than most executives expect. While merging front-office systems is often quick and painless, pulling together the large-scale databases, enterprise resource planning systems and specialist vertical applications in the back-office is usually more difficult and can greatly reduce the cost savings the merger promises. Why IQ? Involvement in mergers has resulted in IQ building experience across the banking environment (multiple divisions/areas are impacted in a merger) and in multiple products. Corporate advisors tend to focus on the financial viability of business consolidation and neglect the technical feasibility. At IQ, we guide clients through a series of decisions so that they can predict the cost and value implications of their course of action and adjust accordingly. IQ provides a critical assessment of a potential merger or acquisition, including the processes involved and the likely benefits, before a deal happens, to ensure that business migration produces the required results. Learn more about our Systems Migration Expertise
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