B BPP
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The complex merger of British Petroleum Company (BP) and Amoco Corporation (Amoco) was simplified using eMerger, a web-based tool that provides a standard platform to collect and process large amounts of data across extensive geographical locations. eMerger provided BP and Amoco the ignition to commence a detailed and complex post-merger integration planning process long before closing. British Petroleum and Amoco used Aestix's eMerger application to enable the merger process. B B P P & & A A m mo o c c o o To learn more about the types of web-based solutions Aestix provides, please visit us at www.aestix.com or contact us directly at [email protected]. verticals offerings alliances case studies press room [ ] “With a 'clean team' and eMerger, BP and Amoco 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 processes possessed inherent dissimilarities. Preparing to identify and analyze the common synergies between these two companies presented a large data collection, analysis and tracking problem. BP and Amoco needed to streamline their merger integration process and close the merger quickly. The Solution eMerger, a web-based tool to capture aggregate operational and financial data from both BP and Amoco, was developed. For legal compliance, the tool stored this information on secure databases for third-party "clean teams" to analyze while authorities reviewed the merger. Prior to merger approval, eMerger was deployed to collect baseline financial and personnel headcount data. eMerger aggregated the data to provide a consistent picture of the pre-merger landscape. This efficient data collection process led to fast and informed decision making on projected budgets and synergy targets to define the 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 the success 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 days after the merger announcement compared to 189 days for merger of Daimler-Benz AG and Chrysler Corporations. Significant cost savings were realized from the immediately available, post-merger data. eMerger continues to be employed as the reporting backbone of the merged entity, BP - the second largest petroleum company world-wide. Site: www.bp.com Parent Company: BP Purpose: Web-based tool to facilitate the merger of British Petroleum Company PLC and Amoco Corporation Technology: ColdFusion and Sybase Development Time: eMerger was designed, developed and deployed in 2 months Deployed: May 1999 Location(s): BP is represented worldwide and is headquartered in London, UK
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.
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To learn more about the types of web-based solutions Aestix provides, please visit usat www.aestix.com or contact us directly at [email protected].
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
