USA Acquisition/Consolidation/ERP Question

Joined
Feb 26, 2022
Messages
2
Reaction score
0
Country
United States
Hi-

I recently interviewed for a company that acquired another company. The acquiring company uses netsuite for consolidation of its subsidiaries and the acquired company uses workday financials for their consolidation and financials. - In such a scenario, what would be the most effective way to do the consolidation of the combined new company? Has anyone ever used either netsuite or workday financials?

  1. Would you migrate the acquired company’s data and financials into netsuite and then do all consolidation in netsuite, 2) would you use a consolidation software that would integrate netsuite and workday data or 3) would you produce the main financials in netsuite and manually add the acquired company’s workday financials to your netsuite financials? Anyone here have experience with Accounting system integration and consolidation post m&a activity and can offer advise/opinion?
Appreciate it. Thanks
 

kirby

VIP Member
Joined
May 12, 2011
Messages
2,455
Reaction score
334
Country
United States
Depends on your budget and available time. If both are unlimited, use method 1. If there is no time and no budget, print out financial reports from both and load into Excel and do the consolidation there.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

No members online now.

Forum statistics

Threads
11,756
Messages
27,803
Members
21,756
Latest member
Kangwa10

Latest Threads

Top