Alfa, a leading provider of systems and services to the world’s most complex auto and equipment finance companies, has published a new paper in its series on systems change, Innovation in Implementation.
#2 Agility in Data Migration – Onboarding Portfolios Efficiently and Effectively focuses on data migration, often thought of as the most challenging aspect of a systems implementation project. It 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.”
Onboarding is the second paper in the Innovation in Implementation series, in which 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. It covers key concepts such as phased implementations and integration, accelerated implementations, and the onboarding of new portfolios; as well as how to iterate and keep delivering value through effective hosting and partnering strategies.
The first article, #1 Derisking Your Systems Replacement Project through Phased Implementation, discussed how lessons learned from the industry, alongside the rise of agile methodologies, have prompted alternative, phased implementation approaches which present an exciting opportunity for companies to move away from the traditional models that bring a high level of risk, complexity and cost.