Acquisition of new bank 

Example:  Obtain a top-down view during and after due diligence, and easily consolidate non-collaborating internal systems.  Photo: iStock (illustration only)

Example: Obtain a top-down view during and after due diligence, and easily consolidate non-collaborating internal systems. Photo: iStock (illustration only)

 

Pierre is the CEO of a French bank and wants to expand to West Africa. He is assessing a potential acquisition target in Cameroon with a great local brand and seeming reasonable purchase price.

However, his subordinates warn against it: why did other French banks not buy it first? Would incompatible systems create too many bugs? Would employees engage in money laundering, corruption or theft? Maybe implementation is too expensive…

By using EyesClear, Pierre can obtain a top-down view during and after due diligence. Non-collaborating internal systems is easily consolidated and any leaks are covered. The chances of bad employees engaging in fraudulent activities is minimized. As a result, any potential surprise costs are kept reasonably low and the acquisition is a success. The new bank has a bright future and is worth more than the sum.