Integration of information systems and IT in transactions

Today, transactions inevitably entail the necessity to connect information systems of new companies. Such integrations are usually related to:

• Accounting and financial systems – the finances of a subsidiary should be monitored at all times.
• CRM systems – customer bases to generate synergies and provide better service of common clients.
• ERP systems – for example, where a transaction is conducted between companies related in the production cycle, an ERP system may significantly simplify the exchange of information and production planning.
• DMS systems – newly formed companies must exchange documents and also have an opportunity to create joint documents and strategies.
• Consolidation and introduction of attendance and holiday leave registration systems, travel orders; internal processes should not be underrated in any company.
• Greater bargaining power used to obtain more advantageous licences – during transactions, a situation may occur when it is advantageous to purchase software licences as a group; at that moment, cheaper licences and better support can be obtained.
• Audit on IT security and readiness for the GDPR – IT system security and client and employee personal data protection should be kept in mind during all integrations and transactions; data leaks, either due to improper internal processes or an external attack, may cause huge financial as well as reputational damage.
• Hardware and software equipment inspections in companies.
• Inspections of data storages from a security, access and financial perspective.