An integrated accounting system can help leaders evaluate strategies before they take action, like adding a new business line or pursuing an acquisition. For example, leaders can load target financial data into their accounting system during the M&A acquisition process to see what the organization will look like combined. Then, leaders can see and tweak the outcome before they sign the deal. Integrated accounting systems can create a smoother transition after change occurs as well. A core conversion can take years, but financial data has to be reported from deal closure. An integrated accounting system can ingest data from numerous sources to create a single financial truth for the organization, right away. Hear from a financial institution that been through the M&A process using an integrated accounting system.
Danny Baker, Vice President - Marketing Strategy - Financial and Risk Management Solutions - Fiserv
Recorded June 14, 2021
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