WBSP421: Grow Your Business by Learning Migration Challenges of Financial Data w/ Richard Ray
Episode description
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.
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