{"id":2417,"date":"2023-04-04T12:30:00","date_gmt":"2023-04-04T10:30:00","guid":{"rendered":"https:\/\/aurexia.com\/insights\/?p=2417"},"modified":"2023-05-02T18:24:21","modified_gmt":"2023-05-02T16:24:21","slug":"finance-data-migration-what-is-the-best-approach-to-migrate-in-a-smart-way","status":"publish","type":"post","link":"https:\/\/aurexia.com\/insights\/finance-data-migration-what-is-the-best-approach-to-migrate-in-a-smart-way\/","title":{"rendered":"Finance Data Migration : What is the best approach to migrate in a smart way ?"},"content":{"rendered":"\n<p>Aurexia has developed a <strong>methodology <\/strong>to assist financial institutions in their <strong>migration projects<\/strong>, leveraging on its expertise on <strong>Finance data migration<\/strong>. Our approach it to ensure an efficient, safe and accurate transfer of data and processes by analysing the impacts from upstream to downstream systems, <strong>understanding business needs<\/strong> and implementing a relevant <strong>change management strategy<\/strong> to handle the human aspect of such initiatives.<\/p>\n\n\n\n<p>A migration project refers to an initiative to move data, applications or systems from an existing environment to a new environment, typically to improve performance, security, compatibility or to meet new business needs. Why ?<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Improve performance: newer technology and software, better resource utilization and performance optimization to achieve goals faster.<\/li>\n\n\n\n<li>Increase security: migration to a more secure platform to protect data and systems from security threats.<\/li>\n\n\n\n<li>Reduce costs: migration to a less expensive platform to reduce the cost of maintaining or operating systems.<\/li>\n\n\n\n<li>Be more transparent and traceable: provide full audit trails allowing to answer to new regulatory requirements in terms of data traceability.<\/li>\n\n\n\n<li>Streamline: less system, less complexity, more standardization and agility, be time-to-market.<\/li>\n\n\n\n<li>Minimize regulatory compliance efforts: stream lining systems and processes will ease future regulatory evolutions and avoid duplication.<\/li>\n\n\n\n<li>Optimize operational processes and transition: enhance current processes, creation of new adapted processes.<\/li>\n<\/ul>\n\n\n\n<p>Main phases of a migration project:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Pre-framing: Upstream of framing, allows you to start the project<\/li>\n\n\n\n<li>Framing and design: Allows to consolidate the elements of the pre-analysis<\/li>\n\n\n\n<li>Implementation: Allows strategic and operational management<\/li>\n\n\n\n<li>Migration: Allows to close the program control commitments and ensure continuity of service<\/li>\n\n\n\n<li>Post Migration: Allows to finalize the project<\/li>\n<\/ul>\n\n\n\n<p>If you want more information regarding finance data migration, do not hesitate to contact us.<br><\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button aligncenter\"><a class=\"wp-block-button__link has-dark-blue-background-color has-background wp-element-button\" href=\"https:\/\/aurexia.com\/insights\/wp-content\/uploads\/2023\/04\/Aurexia-Finance-Migration-Project-2023.pdf\" style=\"border-radius:0px\" target=\"_blank\" rel=\"noreferrer noopener\">Download the full document<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aurexia has developed a methodology to assist financial institutions in their migration projects, leveraging on its expertise on Finance data&#8230;<\/p>\n","protected":false},"author":1,"featured_media":2418,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[31],"tags":[129,296,312,311,314,316,313],"class_list":["post-2417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-management","tag-data","tag-finance","tag-implementation","tag-methodology","tag-platform","tag-project","tag-server"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - 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