When a company makes numerous acquisitions, it also adds multiple systems and business processes that must be integrated with the rest of the organization. Lack of system and process integration increases operating costs and hampers organizational performance.
A global life sciences company faced a similar problem when it inherited multiple enterprise resource planning (ERP) systems and businesses after acquiring five companies in the same number of years. Vendor invoices weren’t processed on time, interrupting the flow of critical supplies. Inefficient collections disrupted the company’s cash flow and slowed the month-end close process, eventually delaying financial reporting. The company reached out to Cognizant for help.