Susan Glover Insight & Advice

Facing Down the Legacy Software Dilemma

Published on Wednesday, October 11, 2017

Facing Down the Legacy Software Dilemma

Why firms want the Band-Aid approach but need a full upgrade

We often hear that younger firms are likely to invest more on technology than older and established firms. The truth is older firms are willing to spend the big bucks to upgrade their infrastructure, but the challenge is upgrading portfolio accounting and reporting legacy software that contains many years of transactional data for thousands of accounts. 

Read our Barron's article to understand why a band-aid approach could hurt your firm and how to keep a realistic mindset when replacing your technology. The article addresses two frequently asked questions regarding legacy software.

     •  Can we keep our portfolio accounting software and implement workaround solutions?
     •  With so much that can go wrong, is replacing our legacy software worth the effort?

Contact us for additional information.

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Author: Susan Glover

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