Information Technology will be spending 30% of its 2008 budget on collaboration tools, services and products.
Inherently the biggest hurdles facing today's workplace relates to Collaboration Workflow Integration Processes. As such we are seeing companies attempt growth by mergers and acquisitions which bring to the fold their challenges, incertainties and imponderables. These challenges are componded by the fact that companies that embarq on purchasing sprees failed to account for the differences found in Payroll, Human Resources and Accounting.
As the main relational component(s) of all companies, divisions or departments are the perenial starting point for integrating new companies. Failure to understand and properly setup departments will negatively affect your ability to build the most simplistic workflow from GL accounts, to managing new employees and integration of current ones.
How do you extend the value of these newly purchased companies? For started you look at the products line, services and the employees that make the DNA of these companies. The belief is that we will utilize Information Technology to integrate, consolidate and recognize products and key employees.
The biggest costs are always related to labor and procurement costs. Failure to understand and properly track these costs prior to integration will yield unexpected and negative results, in most cases these issues will present themselves on an asynchronous level, although there are generated at the same time.
