Data migration is often underestimated, over budget, and late in delivery, but this need not be the outcome. Key critical success factors for equipment finance system migrations include:

• Treating data migration as a business project, not an IT-only unavoidable chore. Doing this will significantly enhance chances of success
• Conducting data profiling and cleansing early
• Engaging Finance support early to address items such as: technical, income recognition balance conversion (these are usually calculated balances that need different migration approaches), general ledger reconciliation
• Managing the mutual dependencies between the main system configuration and customisation build and test tasks with the migration build and test tasks

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