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lol M1 what a joke — I’ve never seen it die but it’s a fair topic to bring up. You can patch things up as best as you can but if it can hardly stand up to buy side teams then you are in a tough spot
I’ve had a sellside delay for a couple quarters because of it. Basically the company was such a mess the bankers and Management decided it best to push the process out 6 months so they could clean things up.
I’m on one of these right now. We’ve been working with the company since January. Director bid way too low on the job when the market was shitty. The project has made me consider quitting several times in the last year.
tools exist to sort out data issues caused by disparate systems and things like lack of business definitions , however, if the data itself isn’t reliable, well…
lol isn’t that YOUR job to fix as the sell side consultant 😂
I was in SAT/TAS at EY previously - I have trouble imagining it’s so bad a partner wouldn’t take their money to have you fix it
Significant problem in LMM deals. Half the time the controller or cfo don’t even have cpa or even an accounting or finance degree and they’re just plugging into quick books. Good luck tracking anything either
Not die but we had to add lots of disclaimers that POC is significant in the business but we are unable to adjust due to the quality of the data. I think we sold some work to accounting advisory to help clean it up afterwards. That project was hell haha. Wayyy over budget like 2x +. The PE group understood though.