10 Steps to Ensuring Success of a Core Systems Replacement

Moving ahead, the industry has shifted its mindset from 'should I replace?' to 'how do I replace successfully?'; a new report from Celent aims to answer just that.

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Have a target operating model in place

According to Celent, this factor is often overlooked, and it is not uncommon to see IT departments well into a selection program while the business watches from the sidelines with no clear articulation of the new operating model. It is necessary to align business and IT early to ensure an effective transformation because the business target operating model drives the vendor choice and solution design. Then, throughout the transformation, the business must maintain a clear view of how the operations, process, and people should look like in the new world so that the operating model continues to inform how the solution is implemented.



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