B BPP

Post on 24-Jul-2015

192 views 0 download

Tags:

Transcript of B BPP

The complex merger of British Petroleum Company (BP) and Amoco Corporation(Amoco) was simplified using eMerger, a web-based tool that provides a standardplatform to collect and process large amounts of data across extensive geographicallocations. eMerger provided BP and Amoco the ignition to commence a detailed andcomplex post-merger integration planning process long before closing.

British Petroleum and Amoco used Aestix's eMerger application toenable the merger process.

BBPP && AAmmooccoo

To learn more about the types of web-based solutions Aestix provides, please visit usat www.aestix.com or contact us directly at info@aestix.com.

verticals offerings alliances case studies press room[ ]

“With a 'clean team' and eMerger, BP andAmoco shaved months from their merger clos-ing - and added immeasurable value to share-holders.”

The Challenge

As BP and Amoco prepared to merge, early decisions about future strategy,organization and products were necessary to satisfy future stakeholders:

• Employees requested certainty about the future of their jobs• Suppliers required certainty about their future role• Customers required delivery assurance• Shareholders demanded economic growth

BP and Amoco shared a market space, but their operational and financial processespossessed inherent dissimilarities. Preparing to identify and analyze the commonsynergies between these two companies presented a large data collection, analysisand tracking problem. BP and Amoco needed to streamline their merger integrationprocess and close the merger quickly.

The Solution

eMerger, a web-based tool to capture aggregate operational and financial datafrom both BP and Amoco, was developed. For legal compliance, the tool stored thisinformation on secure databases for third-party "clean teams" to analyze whileauthorities reviewed the merger.

Prior to merger approval, eMerger was deployed to collect baseline financial andpersonnel headcount data. eMerger aggregated the data to provide a consistentpicture of the pre-merger landscape. This efficient data collection process led to fastand informed decision making on projected budgets and synergy targets to definethe future organization.

After merger approval, all data was combined into a single reporting system. Post-merger metrics were identified, captured and analyzed by the tool to gauge thesuccess of the newly formed entity against the targets established pre-merger.

The Result

Utilizing the benefits of eMerger, the BP and Amoco merger closed only 100 daysafter the merger announcement compared to 189 days for merger of Daimler-BenzAG and Chrysler Corporations. Significant cost savings were realized from theimmediately available, post-merger data. eMerger continues to be employed as thereporting backbone of the merged entity, BP - the second largest petroleumcompany world-wide.

Site: www.bp.com

Parent Company: BP

Purpose: Web-based tool tofacilitate the merger of BritishPetroleum Company PLC andAmoco Corporation

Technology: ColdFusion and SybaseDevelopment Time: eMerger was designed,developed and deployed in 2 months

Deployed: May 1999

Location(s): BP is represented worldwideand is headquartered in London, UK