On the flip side of the record pace of mergers and acquisitions over the last couple of years is the rapid growth in companies divesting of product lines. Seeking to drive greater focus on core products, meet financing needs, and keep pace with market changes, companies are pursing divestitures at a record pace– with more than half of those surveyed in Deloitte’s M & A Trends Report, 2016 Edition reporting that they expected their companies to divest business lines over the next 12 months. That’s up from 39 percent last year.
Choosing when to invest in an ERP suite can be a challenge for many organisations with factors including previous investments, growth, new markets or new business models. For Mons Royale, an apparel manufacturer and wholesaler of high performance merino clothing, international growth turned out to be a compelling reason to move on from an entry-level accounting system.