A project, be it organizational or IT-driven, can only be considered successful when it has been adopted by the client. Virtually all projects which take place in existing IT environments require the migration of data or systems. During this process, the daily operations of the business should be disrupted as little as possible. Thus, a migration is a very sensitive and risky task for every bank.
Best practices and commonly known methods or tools can be frequently applied to the development and testing of software. Those theoretical structured approaches, however, oftentimes cannot be applied to migration management in the same way.
Especially agile projects face the challenge that the migration approach has to consider the complete implementation and data load. The incremental software development approach cannot be aligned, and the switch to a classic project management approach has to be handled.
Migrations are very complex and require meticulous planning and well-rehearsed procedures. This is needed so as to clearly assign responsibility to each participant and to make sure all the steps are adhered precisely. The migration planning itself requires numerous tasks to be taken into account: the construction of parallels for testing purposes or the organizational preparation for the weekends where the actual migration will take place (working permits and access to the building, means of communication etc). Equally, the first days of post-migration have to be well prepared: are all users informed, have FAQs been posted, are points of contacts available to answer any questions?
We offer professional migration and roll out management for all levels of complexity. From our experience we know what is required and what has to be taken into consideration to ensure successful migrations. We help clients decide on the fundamental set-up of the migration, such as whether the migration should take place simultaneously with the production environment or separately during off-working hours, or whether the migration should be carried out in one go or in separate steps. Our consultants are highly knowledgeable about the procedures involved in migration management and equally experienced in the preparation of run books and their dress rehearsals. Paired with attention to detail and our strong networking capabilities we are a reliable partner for migration management projects.
Our roll-out management supports and ensures the success of a project and we are proud of our track record to prove its effectivity. We pair our functional and technical expertise with solid communication in every document and in every meeting to ensure a successful roll-out project. We know how to put ourselves into the perspective of all participants and adapt the means and depth of communication accordingly.
Firstwaters has supported a major German bank based in Frankfurt in outsourcing its Treasury business to the processing platform of the international group. One of the challenges was the migration of existing transactions from the legacy systems to the new platform. Since the processing platform in the Front Office for FX/MM was set up in Murex and products will in future be processed in the BO in Calypso, the system expertise of our consultants in Calypso and Murex was an important success factor for the design and execution of the migration.
Firstwaters advises a major German bank on the migration of its securities settlement business to an outsourcing service provider. As part of an agile project approach, Firstwaters' consultants provide support as Scrum Masters or Cluster Leads. In an agile project of this size, it is crucial that communication and collaboration across the individual streams works smoothly. By using experienced consultants with many years of experience in large-scale projects, Firstwaters makes a significant contribution to this.