We are attempting to set up some business rules to go along with what to do with separate companies that undergo a corporate merger. Does anyone else have any special business rules as to how to handle this process? We especially want to keep the historical data identifiable, so that we can know what gifts came in from which company before they merged.
This is especially relevant these days, it seems, where banks and airlines and companies are constantly being snapped up and merging together--we are just worried that things are going to get messy and our old historical data will no longer be readable.
Any advice you might have would be most welcome.
Thanks,
Chris
We were formed by a merger in 1994, and we need to report income and ticket sales as if we were still separate organizations. We do this by having duplicate funds (for contributions) and duplicate campaigns (for ticket sales and fees). So instead of one fund for foundation gifts, we have two; two subscription campaigns per season; two fee campaigns per season; etc. It’s not hard to process. Our parent organizations are located in different counties, so we pick Broward funds if the customer’s tickets are in Broward County or, if there are no tickets, if the customer lives in Broward County and/or was associated with a Broward event. Otherwise, we use Miami funds. Once campaigns for ticketing are set up, we don’t think about them again.
Lucie
________________
Lucie Spieler
IT Development and Training Manager
Florida Grand Opera
8390 NW 25th Street
Miami, FL 33122
305-854-1643 ext 1521
www.FGO.org
My question is more about what to do with outside companies that merge with each other: for instance, Wachovia, bought by Wells Fargo. What are the business rules that go around whether or not to merge Wachovia into Wells Fargo (which, in that case, Wachovia kind of continues to exist) or when an airline buys another airline and they become one solitary airline.
My advice is you don’t MERGE --- you associate and inactivate. In this case we would associate Wachovia to Wells Fargo explaining in the notes the merger – the record would then be inactivated. All postings continue forward in Wells Fargo. This is more what I think of as one company acquiring another. A date range would indicate pre and post giving/activity. But you keep the Wachovia history.
If the companies are merging to create a new company – we associate two-three companies to the new company record.
From: Tessitura Development Forum [mailto:forums-development@tessituranetwork.com] On Behalf Of Chris Stuart Sent: Thursday, August 04, 2011 1:27 PM To: McKinley, Leslie Subject: RE: [Tessitura Development Forum] Merging Companies Who Have Merged
From: Lucie Spieler <bounce-luciespieler8144@tessituranetwork.com> Sent: 8/4/2011 12:13:47 PM
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