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Without planning and

experience conversions

can easily get out of

control in a hurry

 
Specifics   
 
  Information
 
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 known rules
  • 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 help.

 

 
  XeC professionals have been serving the financial and technology industries for over 23 years, specializing in financial software design, lease education, and wireless technology commercialization.  Since 1983, XeC consultants have installed over 458 leasing systems in 22 countries.          
 

 512 Main Street ●  Irwin, PA 15642 USA ● +1 724-216-6200

         
 

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