Post-acquisition integration services help client transition seamlessly

Client need

Our client enlisted Baker Tilly to assist with post-acquisition accounting as well as a personnel assessment and integration of accounting and IT controls/processes.

Baker Tilly solution

Post-acquisition accounting: The Baker Tilly team coordinated and compiled the necessary documentation required to prepare purchase accounting. Providing an easy-to-read walk-through document, Baker Tilly recorded all purchase activity, along with necessary fair market value adjustments including all essential transactional activity supporting the open balance sheet and a memo documenting the fair value markup supporting all entries included in the document for the client’s auditors to easily audit the opening balance sheet. Additionally, Baker Tilly served as the point of contact coordinating with the internal valuation team to verify that all intangibles were properly valued and detailed within the transaction document.

Personnel assessment: Through discussions with new ownership, interviews with current executives, department heads and staff, and a focus on the current control environment and process methodologies, Baker Tilly identified areas of opportunity in leadership, controls and efficiencies. This newfound knowledge helped Baker Tilly properly assess the structural needs of the organization. With a full circle approach, Baker Tilly provided recommendations on how to integrate organization personnel by sharing common hurdles companies often experience with integration and providing suggestions of how to overcome them based on its expertise and industry specialization.

Integration of accounting and IT controls and processes: Baker Tilly performed a current-state assessment of the entire finance function, including IT controls and processes, and worked with management to understand organizational needs and priorities. Baker Tilly gained insight and strategy specific to the client through many one-on-one discussions with executives, regarding activities within their roles and responsibilities, which led to the accuracy and representation of the financials. With client collaboration, Baker Tilly recommended integration strategies suitable for the client’s current landscape as well as its goals for the future.

Results

Baker Tilly’s onsite presence allowed the client to fully integrate the entire organization post-acquisition. As a result of Baker Tilly’s work, the client experienced:

• A proper and auditable documentation of the transaction
• A thorough review of personnel, eliminating gaps and redundancy
• A smooth transition of accounting and IT systems
• A full implementation of controls

For more information on this topic, or to learn how Baker Tilly specialists can help, contact our team.