Know Thyself and Thy Partner – and Keep It Simple

Rosengard, Jeff
March 2000
Financial Executive;Mar/Apr2000, Vol. 16 Issue 2, p49
Academic Journal
The article discusses complexity in the financial world and in merger and acquisition deals. Complexity herein includes multiple general ledgers, disparate operating systems, and inconsistent data systems. Companies, in order to avoid complexity, can standardize their systems and processes, making management reporting simpler and quicker. The increased speed of this process can improve managerial decision making as well. Benchmarking, comparing the practices of separate companies through predetermined standards, creates objective assessment for both companies as well as determines the most effective practices. INSET: Watch Out for Complexity..


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