Conversions are Hell !!!
And anyone who tells you otherwise is lying or has never done one. A
conversion is always full of surprises, and cooperation from the
original system vendor / creator is always at a minimum.
Vendors and Developers each design their own database
structure, and rarely do the twain meet. And many times it takes a
'detective' to deduce what the code is doing.
We’ve converted dozens of leasing systems like
Info-Lease® & LeaseMaster®
“Experience, good technologists and accounting knowledge can save you
money when you have to convert ," states John Voytko, president of XeC.
“Our pitch is basically ‘been there, done that’.”
The XeC approach to converting an existing lease portfolio entails:
- extensive project planning to coordinate all
parties needed to make the conversion a success
- discussion with users of the existing system to
determine undocumented workarounds or data manipulation
- benchmarking of the accounting balances in the old
system against the new system to verify accounting consistency
- data mapping of the existing system
- data cleansing of the existing portfolio against
- electronic data conversion to the new format
- comprehensive testing
Note that 'data mapping' is the least of our worries.
Cut-Off or In-Parallel ?
“The most interesting decision is whether to do a Cut-Off or run
In-Parallel,” stated Michael Pochan who manages conversion planning. “If
done correctly, it saves people’s time and sanity.”
If your leasing company is actively acquiring portfolios, perhaps we can