Asset and automotive finance industry technology specialist Alfa Systems, the software platform that supports some of the largest and most complex portfolios in the industry, has published the second paper in its new thought leadership series, Innovation in Implementation. The paper focuses on data migration, often thought of as the most challenging aspect of a systems implementation project.
In the series, various individuals from Alfa draw on their talent and experience to discuss how asset finance organisations can work in an agile fashion to deliver “quick and often” on their software implementations.
The second article, #2 Agility in Data Migration – Onboarding Portfolios Efficiently and Effectively, explores how agile techniques can minimise risk when manipulating large volumes of sensitive data, and discusses how cross-functional teams, empowered to drive pragmatic scoping decisions, can accelerate the delivery of business value and provide robust support for future onboarding.
Sam Fairhurst, a senior project manager at Alfa and author of the paper, said: “At Alfa we consider ourselves industry leaders in data migration, be that migrating portfolios from legacy applications as part of a system implementation, or onboarding newly acquired portfolios to an established system.
“In this paper I've looked to show how agile techniques should be at the core of data migration methodology - regardless of whether the launch will be multi-phased, or 'big-bang' - and that focusing on the right balance of pragmatism and functional richness will maximise business value, within project-friendly timeframes.”
The first paper in the series, launched last year, looked at how alternative, phased implementation approaches can reduce risk, complexity and cost.
To download a copy, please fill in your details below