Why Your IT May Be Eroding Business Value, with Matt Sondag

hosted by: David Mariano, Director and head

of the firm’s Buy-Side advisory practice

Why Your IT May Be Eroding Business Value (and What to Do About It), with Matt Sondag

Do information systems and technology really impact the value of a business? Absolutely. You’ll want to get ahead of this one before it costs you dearly during a transaction.

Our guest today is Matt Sondag, a Managing Director at West Monroe Partners and a specialist with over 20 years of technology consulting experience. Matt joins us to discuss how your information technology and systems are helping your business value, how they are hurting your business value, and what steps you can take to stay current.

Key questions in this episode:

* What is the importance of technology diligence in M&A transactions?

* What are the five main things evaluated during technology diligence?

* Which areas of technology should business owners update to avoid value erosion?

* What are some long term recommendations for technology decisions made today?

* How do you know if you have the right SLA (Service Level Agreement) in place?

* Is there a model set up for high performing technology teams?

* Is there an easy transition out of a “homegrown” IT system?

Key points in this episode:

* How the relatively new Technology Diligence Report has changed things.

* What kind of timeline is expected to fix certain business technology problems.

* The value of pulling true analytics to give insight and help make better business decisions (at 10:45).

* How to steer IT to serve the business with a proper IT strategy.

* What a technology consulting firm can do for your business (at 20:57).

* When to call the technology consultant (the answer may surprise you).

Resources mentioned in this podcast

* Click here for access to training and templates

* West Monroe Partners

* Matt Sondag’s LinkedIn profile

Listen to Fully Invested below: