We need more collaboration with better tools
M&A is a team sport. Executing a deal can be a huge project that requires a team with great collaboration skills. Another benefit of digitalizing M&A processes is improved collaboration and communication possibilities. Teams can access information and documents, e.g. during the Baselining process, in real-time, regardless of location, and can share updates and feedback more easily. This leads to a more streamlined process, reducing the risk of miscommunication and delays. Imagine a reporting without delay. Nice, right?
In addition to these benefits, digitalization can also help M&A teams make better-informed decisions. By accessing and analyzing data in real-time, teams can make more informed decisions, faster. This can lead to better outcomes, both in terms of the success of the transaction and in the long-term success of the combined organization. What makes the consolidation of different lists very complex are the content interdependencies that exist between the individual workstreams.