When implementing banking data migration is a critical task. The data volumes are very high and there is a great risk for core banking processes if the data is not migrated correctly. If the data quality is poor, then the users my not adopt the new banking system. Since the customer and billing processes in the Utilities industry involve critical business processes, the migration must be on time, successful, and drive business process execution.
SAP will introduce in Q1 2012 a Rapid Deployment Solution for rapid data migration to banking, covering the lifecycle of a loan. The migration will cover the scope of the RDS for Loans Management. This RDS will provide a template for further data migration to the banking application.
- Faster migration by leveraging pre-delivered migration content and not building everything from scratch
- Enablement of data goverance as a strategy, using the migration project as a first step towards data governance
- Increased user acceptance of the new application system
- Streamlined business processes due to cleansed and trusted data
- Coming soon ...