Workstreams include: Finance, Communications, Human Resources, Safety, Information Technology, R&D, Procurement
Day 1 Finance:
- Coordinate with IT and business units regarding closing of periods and end of period processing
- Ensure Acquired Co. Letters of Credit remain in place under new banking arrangements
- Communicate Acquirer limits of authority to Acquired Co.
- Execute funds transfer at close
- Provide Acquired Co. exposure and claim data to Acquirer brokers to confirm existing carriers will cover acquisition on Day 1
- Confirm no change in control issues and existing carrier will continue coverage and list Acquirer as named insured on all policies as back up ...