Prepare Day-1 before Day-1
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The significance of Day 1 and the subsequent days cannot be overstated; they represent probably the most crucial milestone in the new ownership of acquirer company. Ensuring smooth operations and preventing oversights are paramount. To achieve this, incorporating a (digital) Day-1 readiness checklist is imperative.
What should be included in the readiness checklist?
You’re right—Day 1 is critical in setting the tone for the new ownership. A comprehensive Day-1 readiness checklist can help ensure smooth operations and prevent oversights. Here are some key elements to include:
1. Communication Plan: Clear and consistent communication to all stakeholders, including employees, customers, and suppliers, outlining the changes and what to expect.
2. IT and Systems Integration: Ensuring all necessary systems are operational and accessible, including email, intranets, and essential software.
3. HR and Payroll: Confirm that all employees have access to their new HR and payroll systems and information about any changes in benefits or policies.
4. Facilities and Security: Ensuring that physical and digital security measures are in place, including access badges and cybersecurity protocols.
5. Operational Continuity: Ensure all critical operations, including supply chain management and customer service, are maintained without interruption.
6. Leadership Presence: Having key leaders on-site to address immediate concerns and demonstrate commitment to the new organization.
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