Conversion Services

Change your operating system with minimal impact and risk exposure.

Once a decision has been made to transform a business to a new operating model, often times the technology needs to be changed in order to optimize the results. FITS has extensive experience developing RFPs as a first step in that process; communicating the firm’s requirements to various system vendors; accumulating vendor responses; evaluating the results and making a recommendation for the best-in-breed operating system to choose. Many financial institutions have engaged FITS to provide industry expertise in system conversions, upgrades and enhancements. Our experience in vendor management focuses on the planning, development, and execution of a conversion program that works.

Our conversion consultants have firsthand knowledge of the major financial systems in the marketplace enabling our staff to hit the ground running at any stage of a project. FITS staff of brokerage and project professionals can assist with all aspects of the conversion process:

  • Participate in the Business Review and Current State Validation
  • Track the Status of Data Mapping and Reverse Mapping
  • Document Gap Analysis Results; Business Requirement Gathering (BRD); Functional and Technical Specifications
  • Monitor System Modifications
  • Advise and Evaluate Training Plan Implementation
  • Track Internal Interfaces and Downstream Impacts
  • Verify External Interfaces and Usability
  • Assess Infrastructure Compatibility
  • User Acceptance Testing
  • Assist with Mock Conversions and Dress Rehearsals
  • Support Production Go-Live: First Trade Date; First Settlement Date; First Month-End
  • Post-Conversion Support