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Research Article Open Access
Oracle FLEXCUBE Investor Servicing is a comprehensive transfer agency and/or fund distribution system, with multilingual, multi-currency and multi-entity features. These help fund management companies service investors professionally, automate the complete transfer agency function and help create innovative products for organizations to stay ahead of their competition. Data Migration is an essential action in almost all organizations right from the constant effort to improve data retrieval and storage processes. Data Migration is generally seen as an expensive method, which is being the part of the system setup, and hence the strain, stress and method preferred for data migration is calculated to be straightforward which involves lesser strain and proven solutions. This paper discusses some of the existing methods preferred by organizations to perform data migration. It is important to note that existing migration from legacy systems to FLEXCUBE Investor Servicing Application involves manually writing up custom PL/SQL scripts to perform migration which is more time consuming and human error prone. Hence to overcome this overhead, this paper covers the methods involved to build standard data migration utility which will help customers to perform data migration activities from their legacy system to the application effectively instead of hard coding from scratch which helps to fast track overall implementation of the product.
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Author(s): Charitha S Usha K Patil Pavan S
OFSS, data migration (DM), FCIS, FDS