Executive Summaries » Best Practices for Streamlining M&A

Best Practices for Streamlining M&A

June 27, 2019

Most M&A activity is conducted using processes that do not take advantage of current technology. Deal attorneys and legal analysts rely on spreadsheets-based checklists to track the complexities of deal flow. Spreadsheets still have a role to play, but recognize their shortcomings.

There are distinct advantages to leveraging digitized cloud-based playbooks designed with the complexities of the M&A legal process in mind. Cloud-based playbooks can be easily customized, and the nuances of deals can be incorporated in real time. They can be deployed across teams, eliminating static spreadsheet-based playbooks that can quickly become outdated. Automation adds enormous benefits to due diligence and integration processes. In particular, it helps reduce the hours spent on repeatable administrative tasks while ensuring compliance. With automated workflows, managers can assign tasks to other team members, receive notifications about updates and deadlines, and create dependencies. Technology can also help facilitate a better understanding of organizations’ different cultures as companies go through the M&A process.

Ensuring that M&A stays on track requires a shift from fragmented, manual processes to a repeatable and collaborative team approach. With the right strategies and tools, teams can streamline their processes. They can make sure that all components for a successful merger or acquisition are accounted for, laying the groundwork for a long and fruitful partnership.

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