A roadmap for post-merger platform consolidation
Mergers and acquisitions (M&A) play a crucial role in driving growth in financial services. But getting the deal done is often only half the challenge — the real test lies in untangling overlapping, clashing systems post-merger.
Get our roadmap to unlock the full potential of M&A, with:
Insights from real-world client stories that demonstrate the transformative power of platform consolidation.
A step-by-step approach, covering people, process and technology dimensions.
Thoughtworks’ deep expertise in driving digital transformation and platform consolidation in financial services.
Learn how platform consolidation and modernization can simplify your technology estate, reduce redundancies and streamline processes.
Discover how a unified platform strategy can transform your organization’s agility and responsiveness to market changes.
Understand the importance of aligning organizational structures and building cross-functional collaboration.
This guide addresses platform consolidation after mergers and acquisitions (M&A) in the financial services sector. It explores how organizations can overcome the complexity of managing multiple systems and achieve operational efficiency by unifying their technology platforms.
Platform consolidation combines, integrates and standardizes software, services, tools and data across merging organizations. It focuses on reducing redundancies, streamlining processes and creating unified systems while maintaining flexibility, scalability and security.
Key challenges include managing redundant systems, cultural and operational misalignment, fragmented data systems, siloed platforms, resistance to change and maintaining compliance across multiple systems. Each of these obstacles requires a thoughtful, strategic approach to overcome effectively.
The guide suggests a structured approach:
Conduct a comprehensive audit of existing systems.
Define clear success metrics aligned with business goals.
Create a phased roadmap to address high-impact areas first.
Foster collaboration across teams and stakeholders.
Choose the right technologies and strategic partners.
