In the high-stakes world of corporate acquisitions, where financial missteps can cost millions, Sagiv Korenfeld Amar has emerged as a transformative force. When NICE faced the complex challenge of integrating multiple acquisitions simultaneously, potentially risking millions in operational disruptions, Korenfeld Amar’s innovative financial strategy turned a potential crisis into clear success.
“Developing an internal revenue dashboard was crucial to streamlining the acquisition process,” Korenfeld Amar explains.
“In acquisitions, data from different sources can be chaotic and overwhelming. By building a centralized dashboard, we transformed these data streams into organized, actionable insights, reducing integration delays and minimizing potential losses. This tool saved significant time and resources, making the acquisition process smoother and more efficient.”
A distinguished finance professional, Sagiv Korenfeld Amar holds a Bachelor’s Degree in Accounting and Economics and is a Certified Public Accountant (CPA). His career spans roles at prestigious firms including PwC Israel, where he enhanced audit and compliance processes for SEC-listed companies, and KPMG, where he conducted financial audits for multinational corporations.
As the Director of Finance, Americas at NICE, Korenfeld Amar has been responsible for 2 departments – the Accounting and Payroll teams with 16 employees- 10 accounting professionals and 6 payroll accountants.
The payroll department Korenfeld Amar directed processed payroll for 3,200 employees across the United States. His innovative acquisition finance and crisis management approach has established new standards for M&A integration and financial clarity.
Korenfeld Amar’s expertise has proven crucial in navigating complex acquisition scenarios. His pioneering work with a revenue dashboard has been instrumental in managing the company’s billion-dollar revenue stream, particularly during critical merger periods.
“The revenue dashboard accounted for $2 billion out of our $2.5 billion global revenue—around 80%,” explains Korenfeld Amar. “Through this dashboard, we uncovered errors amounting to thousands of dollars. It’s important to note that the dashboard focused solely on revenue figures and didn’t factor in integration costs.”
He adds: “One of our biggest challenges was consolidating financial data from acquired companies using different systems and standards,” he reveals.
“What could have been months of costly manual reconciliation became a streamlined process, reducing integration time by 60% and saving significant resources.”
Shai Ehrenreich, Global VP of Finance at Candela, who witnessed Amar’s crisis management abilities firsthand, notes: “His exceptional talent for transforming complex financial chaos into clear, actionable insights made him invaluable during our most challenging transitions. His systems turned potential financial nightmares into manageable, structured processes.”
The dashboard’s success stems from Korenfeld Amar’s deep understanding of acquisition pitfalls. Drawing from his experience at prestigious firms including PwC Israel and KPMG, he designed the system to specifically address common M&A challenges that often lead to financial losses.
“Traditional financial reporting can miss critical details during acquisitions,” he explains. “Our dashboard eliminates these blind spots, providing real-time insights that have helped us avoid several million-dollar pitfalls during integration processes.”
Hagai Hillman, Founder of BOL Pharma, adds: “When Sagiv joined us after our $30M funding round, we were struggling with financial visibility. His ability to cut through complexity and build robust financial infrastructure while maintaining accuracy was remarkable. The systems he implemented saved us millions in potential losses and were crucial for our strategic planning.”
Korenfeld Amar’s sophisticated platform integrates real-time revenue tracking across multiple business units with advanced predictive analytics, particularly valuable during acquisitions. The system features customized M&A monitoring capabilities, allowing teams to track integration metrics and identify potential issues before they become costly problems.
“Financial technology should prevent crises, not just report them,” Korenfeld Amar emphasizes. “We’ve created a tool that transforms confusing acquisition data into clear, actionable insights, saving both time and money during critical integration periods.”
This approach has yielded impressive results at NICE, where the dashboard has reduced post-acquisition reporting time by 60% while increasing forecast accuracy by 40%. These improvements have enabled faster integration of acquired companies and more efficient resource allocation, saving millions in operational costs.
His international experience, spanning both Israeli and U.S. markets, provides unique insight into cross-border acquisitions: “Financial reporting requirements vary significantly across markets,” he notes. “Our dashboard accommodates these differences while maintaining consistency, preventing costly compliance issues during international acquisitions.”
Under his leadership, the finance department has evolved from managing crises to preventing them. His team leverages the dashboard to identify potential integration challenges before they become problems, transforming acquisition strategy from reactive to proactive.
“In acquisitions, clarity equals savings,” he explains. “When financial data is accessible and understood across the organization, we can make faster, better-informed decisions that prevent costly mistakes.”
Korenfeld Amar’s impact on the NICE’s M&A finance strategy continues to resonate. His work on the revenue dashboard for acquisitions set new standards, showcasing the value of turning complex financial data into clear, actionable insights: “The key to successful M&A lies in the ability to translate intricate financial information into straightforward insights,” he says.
“We continually sought ways to make financial reporting more predictive and preventive.”
Korenfeld Amar’s dedication to transforming financial complexity into clarity highlighted how strategic financial insight combined with innovative technology can turn potential acquisition challenges into opportunities for growth and savings.
His contributions remain a testament to the power of a clear financial vision in navigating the complex landscape of corporate acquisitions.
