17nov4:00 pm6:00 pmThe RTP CFO Forum meets Thursday, November 17, 2022 (AFTERNOON IN-PERSON MEETING)
The RTP CFO Forum will hold its next monthly meeting on Thursday, November 17, 2022 The Forum provides a peer-to-peer networking opportunity
The RTP CFO Forum will hold its next monthly meeting on Thursday, November 17, 2022
The Forum provides a peer-to-peer networking opportunity for approximately 250 CFOs and similar senior financial executives to learn practical solutions to the challenges they face.
PLEASE NOTE: We have resumed meeting in person with an afternoon time!
Please RSVP to Jessica Smith by Wednesday, November 16, at 919.232.5991 or email rsvp@rtpcfos.com
4:00 p.m. – 4:30 p.m. Networking
4:30 p.m. – 5:30 p.m. Program
5:30 p.m. – 6:00 p.m. Networking
Meeting Location: Hughes Pittman & Gupton, LLP • 1500 Sunday Dr. • Suite 300 • Raleigh
Topic: Why Technology Is A Critical Driver of M&A Synergy
Program Objective: The speakers will discuss the value creation during a company merge. They will look at the four synergies: Revenue, Cost, Capital, and Technology, and discuss why the last synergy is just as important as the first three.
Speakers: Jeff Britton, Director, Technology Advisory, MorganFranklin Consulting and Chase Sommer, Partner, Accounting & Finance Solutions, Vaco
When two companies merge to become a single entity, value creation is traditionally viewed through the lens of three synergies: revenue, cost, and capital. However, a fourth critical driver of synergy exists and is often underestimated. Technology synergies, traditionally viewed as a subset of cost synergies, account for more than 50% of the total synergy value in most transactions. Therefore, technology should be considered a standalone driver of synergy to capture value.
To realize the potential value of technology synergies, considerable IT due diligence and post-transaction technology transformation must be undertaken, including cloud application adoptions, ERP footprint rationalizations, process automation (e.g., RPA , AI , ML ), and IT operational model redesign to combine the two companies. This process can be complicated and costly if done incorrectly; however, we identified five key enablers that lead to successful technology synergy realization.
Jeff Britton – Director, Technology Advisory, MorganFranklin Consulting
Jeff is a proven and trusted advisor, with almost 20 years of experience helping organizations optimize business processes and technology. He has significant experience in nonprofit, financial services, state & local govt, manufacturing, retail, and healthcare. Jeff’s core areas of expertise include Technology Strategy, Digital Transformation, IT Budgeting & Cost Optimization, Governance, Cybersecurity and Analytics.
Chase Sommer – Partner, Accounting & Finance Solutions, Vaco
Chase entered the recruiting industry with several years of public accounting and audit experience, giving him a unique inside understanding of how financial organizations run effectively, and what hiring managers are looking for when adding top talent to their teams. Chase achieved “Rookie of the Year” nationwide in 2018 and currently leads the Accounting & Finance permanent search practice for Vaco Triad.
About the RTP CFO Forum:
The RTP CFO Forum serves approximately 250 CFOs and similar senior financial executives in the greater Raleigh, Durham, and Chapel Hill region. The Forum provides interactive networking and discussion of technical and strategic topics in a secure environment created exclusively for senior-level peers, sparking new ideas and practical solutions to pressing issues. The combination of relevant speakers and topics with opportunities to build professional networks enables its members to grow and thrive. CPE is provided on select topics. To learn more, visit http://www.rtpcfos.com/.
Please note that the RTP CFO Forum is typically scheduled for the third Thursday of every month from 4 p.m. – 6 p.m. Attendance is limited to CFOs or senior financial professionals in similar positions.
The RTP CFO Forum is sponsored by Hughes Pittman & Gupton, LLP. For more information, please contact us.
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(Thursday) 4:00 pm - 6:00 pm
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