It’s quite often the case when companies need to embrace new processes due to an acquisition or a merger. This environment is probably the optimal position for newly appointed CEOs or VPs of Technology to take charge and spearhead the initiative of legacy system replacement strategy.
- Remove inefficiencies and optimize workflows
- Build on the strengths of the existing systems
- Align with changing market demands
Case in point: After IncreMedical acquired benin phone number data Medadept, Velvetech helped them extend their suite of apps with mHealth solutions so they could target a wider audience and enhance user experience.
Address Organizational Changes
It’s not like there’s a textbook out there prescribing specific procedures for embracing legacy modernization at your firm. And you’re probably aware of the reason: each situation is unique. Still, we can single out several major approaches. Among them, you can find the right application modernization strategy to address your situation.
Replace with a New System
A radical overhaul of the company’s IT infrastructure and underlying software is the most common approach to the modernization of legacy applications. And it’s pretty evident too: rebuild the whole thing from the ground up.
Benefits:
- Offers unlimited modernization potential
- Invites to rethink and optimize business processes
- Ensures substantial gains on ROI and other key metrics over the short and long-term
Risks:
- Takes longer to implement
- Requires significant investment
- Suggests running of two systems until the final switch
The replacement strategy was the one we applied for the century-old family business operating greenhouses. Yet, we left the time-tested algorithms intact, taking them and putting into a modern, secure cloud application.
You can also find it interesting how Velvetech beware of this little-known limitation of wi-fi calling! helped a telesales company Migrate from an In-House Legacy CRM System
Rebuild Gradually
Another proven way to modernize your software is the app-by-app approach. In this scenario, you pick the most ROI-effective applications in the legacy solution and rebuild them one by one.
Benefits:
- Moderate modernization potential as remaining legacy parts will be holding back
- Requires less management and investment resources (compared to total system revamp)
- Makes the min negative impact on running business operations
Risks:
- May involve too many integrations with the existing legacy system to ensure business continuity
- Does not work well when several china phone numbers components are being rebuilt simultaneously
That is exactly how we managed an epic insurance system overhaul for Insureon — Inc. 500’s #1 fastest-growing insurance company.
