Day 1 Checklist in Excel of 131 tasks for:

  • Financial System Integration /Financial Forecasting /Insurance
  • Human Resources
  • It Infrastructure
  • Legal
  • Purchasing /Supply Chain Management
  • Sales and Business Development
  • Project Operations / Service Management
  • Real Estate / Environment
  • PMO

Financial System Integration /Financial Forecasting (first 20 tasks)

  • Complete Carve-out Financials
  • Establish Legal Entity Structure
  • Implement Payroll Migration
  • Harmonize accounting and reporting practices
  • Complete Receivables & Payables Clearing - Supplier relationship confirmation
  • Establish Budget Process
  • Implement Insurance and Risk Management Policies
  • Tax - Review Tax Returns and provisions for tax
  • Tax - Ensure access to all Tax Permits
  • Complete Stock Option Analysis & Planning
  • Develop G/L consolidation approach
  • Gain Control Over Expenditures
  • Transition auditor services and terminate tax vendors (as appropriate – could be post-close)
  • Cost Center Renumbering
  • Verify Insurance situation for all facilities
  • Determine immediate cash needs
  • Establish Authorities/ Delegation of Authorities
  • Establish Treasury/Cash Management Process (excluding A/R and A/P)
  • Establish Cash and Debt Reporting and Cash Forecasting
  • Review Derivatives