Tag Archives: retention management

Realizing The Cost Savings of Mergers & Acquisitions by Retiring Legacy Applications

Following a Merger and Acquisition (M&A), there is usually a focus on consolidating the two companies’ IT systems, leaving behind many redundant legacy applications.  Until those legacy applications are shut down, you haven’t realized the cost savings of the consolidation. However, those old applications may contain data that’s no longer used for daily operations, but need to be retained for regulatory compliance.  Keeping those applications up and running, just to retain the data within them introduces operational, business and legal risks.  It is likely that the IT staff who have the expertise about those applications are no longer with the company, and without them it may be difficult to impossible to access the data in a meaningful way, in the time required, for an audit or eDiscovery request.

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Posted in Application Retirement, Data Governance, Financial Services, Governance, Risk and Compliance, Healthcare, Operational Efficiency | Tagged , , , , , , , , | 3 Comments