SUCCESS FACTORS TO ACCELERATE TRANSACTION BANKING IMPLEMENTATIONS - - PowerPoint PPT Presentation

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Mukesh Mulchandani Kevin Connelly

SUCCESS FACTORS TO ACCELERATE TRANSACTION BANKING IMPLEMENTATIONS

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Introduction Success Factors for Business Teams Success Factors for IT Teams About Go-Live Faster

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Success Factors for Business Teams

• Where do you want to be?
• Define competitive advantages and supporting product roadmap
• Map your need for change to the product lifecycle and conduct an objective analysis
• f existing system features with business gaps
• Phase functionality. Define your Minimum Viable Product (MVP) and a product

roadmap from MVP to the Fully Functional System (FFS)

• Where are you now?
• Analyze strengths and weaknesses
• Spend time understanding the incumbent system
• Build detailed data/ feature mapping of the incumbent and new systems

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Success Factors for Business Teams

• How do you get there?
• Enterprise-wide buy-in; scope, objectives, deliverables, responsibilities,

funding, resources

• Compressive, fully integrated project map
• Strong Program Manager/Management
• Identify key risks and mitigate:
• Wires highest risk, followed by other payment functions
• Customized capabilities introduce new risks
• Files / APIs– customer and internal
• Data Migration
• Plan Integrations Early:
• Ensure that backend systems are available and integrated for validation
• Include 3rd party vendor timelines in overall

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Success Factors for Business Teams

• Minimize Customizations:
• Brutally prioritize and limit the number of customizations
• Deploy the high priority, customized functionality early
• Create Realistic All-In Timelines:
• Provide for pilot, pilot adjustments and contingencies
• Allow for vendor timelines
• Ensure sufficient QA cycles
• Account for holidays, quarter/month ends and year end
• Include data and client migration components
• Shared Go-Live Criteria:
• Ensure enterprise status reporting/clarity
• Share the list of user conversion failure points with the support team before the

system goes live

• Post go-live, divide the support team to champion specific functional areas of

the application

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Establish a single metric to assess your readiness to Go-Live

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ACH Classification Tree

Create ACH Payment

Create ACH Payment

Using Template Direct

Type

PPD CCD Child Support WEB RET CTX TAX TEL

Frequency

1 Time Daily Weekly Monthly Quarterly Half Yearly Yearly

• No. of Payments

1 Multiple

• No. of Recipients

1 Multiple

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Yes No NA

Prenote

Yes No NA

Addenda

Yes No NA

• In the above example, a maximum of 12096 (2 X 8 X 7 X 2 X 2 X 2 X 3 X 3 X 3) test cases

are required to test every possible combination. With Classification Trees, a minimum of 8 test cases are enough. Thus, it provides you bare minimum test cases in a way that every ‘classification’ is covered at least once.

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Success Factors for IT Teams

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Success Factors for IT Teams

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Success Factors for IT Teams

• Model the performance testing data volume based on historic data of

legacy system

• Share plans of integrating applications (such as DB patches, server

patches, release cycles, test cycles, upgrade plans) and track them closely using a project calendar

• Review non-functional requirements with Line of Business and

vendor before kicking off performance testing preparation

• Avoid refreshing data in the integrating systems
• Identify special data requirements early on in the testing phase

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Success Factors for IT Teams

• Use a 4 pronged test strategy for data migration

– Sample manual testing – Automated data verification – Data profiling – Functional testing with migrated data

• Focus on release management to ensure that the configurations of

SSO and other backend systems are similar across QA, Prod and PreProd environments

• Maintain separate environments for data migration and development
• Focus on interface contracting

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About Go-Live Faster

We prevent your product launches and releases from derailing by making your implementations predictable.

Domains Banking Financial Services Geographies US: Wilmington, DE (HQ) and Kansas City, MO India: Pune, MH

Some of our clients…

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Thank You www.golivefaster.com