Financial systems makeover

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A global telecommunications equipment manufacturer lifts and shifts financial operations from an acquisition that tripled its size.

Client’s challenge

To integrate financial operations with a newly acquired company in shared service centers:

  • Develop 100-day roadmap to shared service center financial structure
  • Terminate a $3M monthly transition services agreement (TSA)
  • Migrate the legacy financial system to a company owned platform 

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PwC’s Solution

Conduct a full-blown postmerger integration of financial systems of the two companies:

  • Develop new “lift and shift” plan
  • Served as intermediary to end TSA and gain permission to duplicate existing Oracle infrastructure
  • Helped to implement Oracle and Hyperion systems and bring staff up to speed

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Impact on client's business

  • Ended reliance on $3 million monthly TSA
  • Integrated financial systems for newly merged company three times its original size
  • Improved financial IT infrastructure allowing for more robust forecasting and budgeting 

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"As a smaller company acquiring a larger one, PwC's client had unwittingly bitten off more than it could chew..."

Related business issues

Align costs with business strategy

Contact us

Vinay Couto

Vinay Couto

PwC's Strategy&, Principal, PwC US