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Be prepared for a Merger, Acquisition, or Divestiture (MAD) event
Solution Guides
You can't predict an MAD event, but if your records are prepared, you can make it easier to navigate.
One of the biggest challenges of a MAD event is managing information risk. While you can’t eliminate risk, you can mitigate it if you understand it, from the start. Here are some key questions to help identify areas of risk, followed by some best practices to minimize them.
Once a merger, acquisition, or divestiture is underway, time is of the essence. And teamwork is critical. When two or more organizations work together, there could be multiple stakeholders to engage as you merge Records Information Management (RIM) and Data teams – make sure everyone knows their role.
Here’s an example of how teamwork and communication are critical during a merger or acquisition – in this case, saving the organization from assuming custody of information that is not needed.
When the MAD event is over, the hard work is often just beginning for Records and Information Management (RIM) and Data Management professionals. It can take months or longer for a truly unified records and data management system to be realized. But if you’ve followed the proper steps along the way, you should find it less “maddening” to restore harmony.
With a few final steps, you can help put a bow on a MAD event and be prepared for the next one.
Get a FREE consultation today!