WBSRocks: Business Growth with Enterprise Software and Digital Transformation
WBSRocks podcast features in-depth conversations on customer experience, digital transformation, supply chain, eCommerce, industry 4.0, and enterprise software categories such as CRM, ERP, or analytics suites. The purpose of the show is to help CFOs, COOs, CEOs, and business owners with their daily commercial, operational, or financial challenges by taking a deep dive into business cases and processes, technology strategy and architecture, transformation initiatives, and business models. The show also offers an independent analysis of technology trends, various enterprise software vendors and solutions, and their mergers and acquisitions. Subscribe today to stay on top of digital transformation trends!
WBSRocks: Business Growth with Enterprise Software and Digital Transformation
WBSP421: Grow Your Business by Learning Migration Challenges of Financial Data w/ Richard Ray
Most people struggle to understand the data migration challenges with ERP systems. They also struggle to understand why ERP data is harder to migrate than other technical systems such as CRM. The challenges could be even more grave if there are multiple currencies involved. As well as when you might be migrating data from incompatible or incomplete sources. So what are the best practices for data migration?
In today's episode our guest, Richard Ray, shares his insights into the data migration challenges of financial data. He also talks about several issues with data migration projects such as multi-currency, incomplete source data, and incompatibility of source and destination data sources. Finally, we discussed the differences between migration financial and operational data, the rationale for bringing data, and how each system has different ways of handling charts of accounts.
For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.