Switching to a new portfolio management system can be one of the most difficult projects your firm has ever taken on. Having FinFolio manage the process is one way to ensure a smooth transition.
Our implementation process starts with an all-hands meeting, where we define overall goals, create a timeline, and agree on a detailed project plan. We assign a FinFolio project manager who will be responsible for coordinating your implementation plan. This project manager oversees the initial installation and configuration of the software.
If you are converting from another portfolio management vendor, we do a data conversion. If you have any custom reports, screens or other modules they are built in parallel with the data conversion. When the conversion and any custom development is complete, you will have a working portfolio management system.
We recommend running FinFolio in parallel with your current vendor for a transition period, including daily imports and (for at least one cycle) client reporting. During this time we train your team, document any custom processes, and can provide on-site staff to assist with the additional workload.
When you are comfortable with the new software, your project manager oversees the official switch to the new system. This ensures dedicated FinFolio resources are ready to assist with any last-minute issues.