System Consolidation/Conversion
With the ever increasing mergers and acquisitions taking place in the financial services industry it is becoming more difficult and more important for organizations to consolidate their systems to comply with regulatory requirements and provide operating and processing efficiencies. System consolidations and conversions involve providing both process and technical solutions to combine multiple disparate source systems to a single consolidated target solution. System consolidations/conversions are both process and system oriented. From a business process perspective it is crucial to have requirements sessions to identify the best of breed processes and practices and document future requirements.
Business process tasks may include:
- Determining best practices & processes to eliminate redundant, inefficient processes
- Documenting future state vision, business objectives
- Performing a gap analysis (business vision vs. current functionality)
- Creating a project roadmap
- Business prioritization of projects
Technical tasks may include:
- Architecture review and recommendations
- Defining a methodology & approach for data cleansing, data conversion and consolidation
- Hardware platform consolidation planning
- System cutover planning
- Source system sunset planning
At Ascend our consultants are well equipped to handle the implementation of both the business process and system solutions. With an average of 15 years of financial services experience, Ascend consultants understand the industry and leverage this experience along with our expertise in program/project management and requirements gathering in creating an IT solution that exceeds our clients’ needs.
