Excerpt from Finance Slide
Issues and Risks |
Mitigation Steps |
Status |
Key employees not retained throughout long transition period |
Retention bonus plan |
Awaiting HR approval |
Financial, reporting and log settlement system consolidation does not occur in time to capture synergies |
Hire external IT resources and finance resources to develop, test & implement |
Awaiting detailed IT project plan |
Organization consolidation does not occur in time to capture synergies |
|
N/A, most synergies are dependent on system consolidation. See system issue. |
Combined budgeting, reporting and forecasting across two financial systems not effective |
Be prepared to address ineffectiveness from a technical or accuracy standpoint and ineffectiveness due to lack of training or adoption of standard reports |
TBD |
Gap in insurance coverages |
|
Add to workplan to resolve |
IT capacity and prioritization |
|
Awaiting detailed IT project plan |
Internal control / SEC compliance failures during transition |
Retain key employees, continue Target internal control monitoring |
Pending |