by Peter Lysiak
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As one of the world’s leading consulting firms, Cognizant is well-practiced in the art of business transformation. With more than 150 locations across two dozen countries, their work spans a broad range of industries, including everything from capital markets to manufacturing.
In addition to their work helping other global companies build out digital capabilities and become more efficient, Cognizant has also focused on internal efforts to do the same.
Cognizant has been a Midaxo customer since 2018, with particular attention towards ensuring collaboration as their pace of M&A increased, maximizing deal value and efficiency when integrating new acquisitions and automating reporting as it relates to integration management.
Alan Master, Associate Director IT at Cognizant, was kind enough to sit down with us and share his thoughts on how Cognizant has improved their M&A processes, how Midaxo has helped with that, what excites him about working in the space and advice for someone who’s new to corporate development.
Here are a few takeaways:
What was your process like before?
Before changing to Midaxo, we had different workstreams running their own plans. It wasn’t consolidated and we didn’t have a single view of a project. So… that was one of the problems that we had at one point of time.
What efficiencies have you achieved in terms of IMO reporting?
….We see a lot of reports that we’ve managed to do as a part of our reporting. We have reports around how we track milestones, reports around how we track weekly calls, reporting on leadership, on the progress of the project. So reporting has been helped with a consolidated platform.
How has your organization benefited from Midaxo?
I would say standardization and processes. Driving everybody to a single goal. And allowing everybody in terms of different workstreams to see what’s going on with others. And also helping them to understand the dependencies across workstreams. Allowing us to drive and achieve the objective of the project and the integration.