Mergers and acquisitions (M&A) are intricate processes that involve a wide range of considerations, from financial evaluations to cultural integrations. One vital yet often overlooked element in the M&A labyrinth is the procurement contract transition, especially during spin-offs. This phase involves meticulously transitioning, separating, and in some cases, duplicating contracts. Let’s delve deeper into what […]
Navigating the intricacies of procurement contract transition during M&A spin-offs is no small feat. Success hinges not just on understanding the challenges but on having a robust playbook for execution. Here, we’ll provide a step-by-step guide on how to manage and execute this transition, ensuring a seamless handover and optimal contract management. 1. Preliminary Audit […]
Navigating the intricate waters of procurement contract transition during M&A spin-offs demands a unique blend of legal acumen, industry expertise, and strategic foresight. Traditionally, businesses have leaned on renowned law firms to guide them through this maze. However, the rise of alternative legal service providers (ALSPs) with niche expertise has offered a compelling alternative. Let’s […]
Mergers and acquisitions, especially spin-offs, are intricate processes involving a multitude of business components. One such component, often overlooked yet immensely crucial, is the procurement function. While there’s an obvious inclination to focus on larger entities like finance and operations, keeping the procurement function intact or setting its foundations early can result in substantial value […]
Mergers and acquisitions, especially spin-offs, are complex operations, with procurement contract transition being one of the pivotal points. In today’s digitally-driven world, the power of technology can significantly enhance and streamline this transition. From real-time dashboards to historical data analytics, technology stands as a game-changer. Let’s delve into how technology can redefine the procurement contract […]
In the intricate world of Private Equity (PE), value creation is the holy grail. Firms constantly seek overlooked or untapped avenues to enhance the worth of their portfolio companies, ensuring a robust ROI. A potent yet sometimes underestimated tool in this value creation arsenal is the procurement function. Here’s how PE firms are harnessing procurement […]
Mergers and acquisitions are complex, transformative events. One of the pivotal junctures in this intricate dance, especially in spin-offs, is the procurement contract transition. As businesses seek to streamline, enhance efficiency, and extract maximum value, there’s a rising star that stands out in addressing these challenges: Intuitive Edge. The Landscape of Procurement Contract Transition From […]
CHALLENGE Newco, a dynamic organization on the verge of independence from its parent company, faced a critical challenge. As the close date approached, Newco was confronted with the daunting prospect of losing access to a full procurement department. This impending transition created a substantial gap in their ability to effectively onboard new suppliers and manage […]
CHALLENGE A prominent company in the cable industry faced a significant challenge in its procurement process. The company utilized over 30 lengthy and convoluted contract templates for their procurement activities. This cumbersome approach led to administrative difficulties, prolonged negotiations, and an overall inefficient contracting process. The company recognized the need for a more streamlined and […]
CHALLENGE A multi-national equipment manufacturer and services Company had accumulated numerous suppliers and did not have sufficient contract language to cover rigorous customer requirements, government regulations and its code of conduct leaving them wide open to risk and disputes. SOLUTION Our personnel used a methodical and organized strategy as follows: thoroughly reviewed largest and most […]
