Top 5 things that can make or break your EPM application integration program
Guest post by
Navpreet Singh, Lead Consultant, Oracle Practice, Enterprise Solutions, Infosys Technologies Ltd.
Late 2009 and 2010 witnessed quite a few mergers as economies took a U-turn from the trough of sluggishness. Now, with gloominess having ostensibly bottomed out, corporate restructuring is likely to regain momentum. Amidst M&A, the "soft" element of integrating human culture remains paramount during any change management process. These challenges get magnified by the existence of non-uniform standards and discrete IT support systems amongst merging entities.
Many a times, software applications initially used by the bigger partners are invariably rechristened in merged entity. Decision criteria that help evolve the basket of IT systems are indeed complex. Apart from technical challenges the single biggest challenge is presented by the human element. Organization structure is still shaping up in parallel while decision for some of these systems is being firmed up.
Mergers and acquisitions always kick-start on a high note but in one way or the other they fall short of initial euphoria. Information delivery systems across value chain are impacted during the integration process. With increasing advancements in technology imperatives it is imminent that a multi-prong strategy is deployed to make the entire process a success. A smooth transition would involve overcoming the technology, human, and financial barriers to draw an all-round synergy.
Top five ingredients that IT teams need to be top in their journey are outlined below:
Engage with the right people - Amidst realignment of authority at times it may become a challenge to identify the true stakeholders. This is all the more true when critical staff is diverted into organizational decision making, or if key people leave the organization during the integration.
Master data harmonization - Metadata holds the key in definition for any EPM application. Gaining a good hold on this element sets the path for a smooth migration to integrated information delivery. Some of the other things to be considered include fulfillment of multi-jurisdiction requirements.
Data integration strategy - Quite often the transaction systems are on different platforms. This makes the pursuit of EPM integration a moving target. The data source definitions and integration carry the biggest weight.
Standardize - It is imperative that decisions on the key financial process arrive early on in the walk across the integration path.
Process re-engineering - M&A invariably bring a change in the manner things are dealt. Quite often there is an urge to intertwine process improvements to M&A initiatives. More often than not this ambitious desire turns counter-productive. The mantra of success is to keep it short and simple.
There is no single answer, no single pattern for integration, no golden rule for success. If it works - it works !


