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FINANCIAL RE-ENGINEERING AUTHORS B.Sushma D.Swapna From Arjun college of technology and sciences TABLE OF CONTENTS • What is Re-Engineering • Financial Re-Engineering • Objectives of Financial Re- Engineering • Various forms of Financial Re-Engineering • Merger and Acquisition • The Deal What is Re-Engineering? Re-Engineering is the radical redesign of business processes and organisational structure in order to achieve significant improvements in performance,such as productivity,cost reduction,cycletime and quality. Financial ReEngineering Financial Re-Engineering is the recementing or changing of products, systems,people,brands and technology which has to be done with financial restructuring and financial requantification of every qualitative business variable. Objectives of Financial Re-Engineering Facilitation of the new budget frame work. • Identification,review and improvement of key process controls. • Improve the efficiency and accuracy of financial data. • Reduce the number of cost centers. • Provide more useful and reliable information for decision making • Various Forms of Financial Re-Engineering 1.Financial Restructuring 2.Corporate Restructuring  Mergers  Acquisitions Mergers and Acquisition A transaction where two firms agree to integrate their operations on a relatively coequal basis.  A transaction where one firm buys another firm with the intent of more effectively using a core competence by making the The D ...
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