Post acquisition benefit realisation…
Insurance -
The Problem
• To realise the due diligence benefits at an accelerated timescale
• Need to transfer the newly acquired London based finance activities to the acquirer’s centralised finance function in Liverpool.
What we did
• Mapped the finance and claims handling processes and activities
• Designed and agreed the integrated logical Finance Target Operating Model (TOM)
• Designed and agreed the physical TOM with supporting documentation describing the processing for new types of accounting transactions
• Advised on processing arrangements for new product features
• Managed handover to implementation project manager
• Advised on phasing of redundancies and calculation of redundancy payments
Results
• Speedy integration of finance function and realisation of due diligence benefits within the accelerated timescale
Case Study