The main challenge in migrating a fund accounting system is to guarantee the accurate conversion of the data. A demanding task, that either requires a specialist third party solution, or a flexible (and extendable) timescale in which to complete the migration.
The use of the asset data integrator® enables a simpler approach to be followed, coupled with the proven design used by adept consult.
Approach
- Focus on a single project stage and the relevant migration aspects
- Implement maximum data security through an early and quality assured provision of the source data (also from third party systems)
- Enable connection to the target system with the asset data integrator® reading the current source data in the investment accounting system
- Access and load the source data without transformation into a temporary data warehouse, such that the source data is also available for further reuse, and potential reconciliation, by other systems
- Perform initial analysis of the migration outcome as well as reconciliation of the source data with the new system
- Prepare results for all interested parties, including for the auditors (it is possible to define the acceptable performance tolerances for each comparable value with a multiple step limits system)
Advantages
The advantage of such a methodical approach and the early reporting of data have the following benefits:
- Quality assured data, which is also usable as test data
- Considerably reduced risks from errors, because of the timely breakdown and tackling of activities
- Historization of holdings- and transaction data
- Simple mapping of data to the appropriate systems by means of the asset data integrator®
The high degree of automisation doesn’t just make it simpler to meet target dates, but additonally minimises re-work and creates the possibility of standardised connectors for use with further source systems.
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