Mergers & acquisitions
Considerations in mergers and acquisitions:
cost-saving and archiving legacy systems
Converting IT systems
in mergers & acquisitions
From active to legacy status
We would like to point out that in connection with mergers and acquisitions in companies, IT systems often become redundant and are no longer actively used. These systems can become so-called legacy systems, which can be partially or completely replaced by the main systems of the acquiring company.
Necessity of archiving legacy systems
for continuous data access and compliance
In many cases, the data from these legacy systems is only partially imported into the acquirer’s main systems.
This can lead to important data and information remaining in legacy systems that are no longer actively maintained or supported.
In order to ensure continuous access to this data and to fulfil compliance
requirements, it is necessary to archive the legacy system.
Achieving long-term
cost savings through
legacy system
archiving
Archiving legacy systems not only facilitates access to important data, but also contributes to long-term cost savings. By decommissioning and archiving obsolete systems, operating costs can be reduced by saving on expensive licence fees, maintenance costs and resources for maintaining outdated technologies.
Experience archiving
different systems
and versions
We would like to emphasise that we have gained extensive experience in archiving various systems and versions over the past years. These include systems such as SAP, Oracle, Mainframe, Navision and many others.
Extensive references for archiving projects in bank mergers
In particular, we have been actively involved in bank mergers, in which we have successfully archived numerous systems. These projects involved a large number of systems and applications that were no longer actively used after the merger. With our expertise and proven methods, we ensured that important data and information from these systems were appropriately archived and made accessible.
We have collected a wealth of references from these projects, which we are happy to make available on request to provide potential customers with concrete examples of our successful work in the field of system archiving in the banking sector.
Legacy
System Analysis
Our application retirement process begins with a thorough analysis of your legacy system. This analysis is crucial for estimating the timeframe and costs associated with archiving your legacy system, whether it’s SAP or another type of legacy system. The results of the system analysis will be presented to you as a fixed-price offer, which you can accept or decline. The system analysis covers technical and business aspects such as system access, database type and size, required reports, and more.
Legacy System
Project Archiving
Upon completion of the system analysis, you decide to proceed with the project with us. A kick-off meeting marks the beginning of the project, where your team will meet our experienced project manager. We take on the archiving tasks of your legacy system, relieving your resources. The project includes various milestones such as system access, data export, data transfer, and documentation of all processes. The project duration typically ranges from 3 to 6 months, depending on the complexity of your legacy system. Throughout the process, our teams and project managers are available for support.
At the end of the project, we conduct testing and acceptance phases to ensure that all data has been successfully transferred. We accompany these phases to require minimal resource allocation and ensure that all requirements are met before the project’s completion.
Legacy System
Archiving Result
As a result of migrating to a proprietary software solution called ViewBox, all essential tables and documents are migrated there to be ready for future inquiries. ViewBox, a retrieval system, allows for easy and efficient access to the archived data. Additionally, we reconstruct all essential reports to ensure that crucial information remains available even after the original system has been decommissioned. After the implementation of ViewBox, the original system can be shut down.
The World of ViewBox
As a modern scan and search system, AvenDATA’s ViewBox software enables data to be searched, analysed and shared quickly and efficiently. ViewBox also offers an automated function for deleting data after a certain period of time. Using reliable cloud infrastructure, ViewBox ensures secure access to your data via an intuitive web application.
ViewBox undergoes regular security audits and is already used in hundreds of organisations to retrieve historical data from decommissioned legacy systems. As a proven solution, ViewBox provides a reliable way to access and use historical data effectively.
Flexible Deployment
Options & Rapid ROI
Typically, our solution pays for itself within twelve months of implementation. By migrating to our application decommissioning solution, customers can achieve significant cost savings in several areas, including maintenance, licence fees, infrastructure, personnel, compliance and operating costs. This rapid ROI makes our solution not only a strategic choice for long-term efficiency and compliance, but also a financially sensible decision in the short term.
Continuous Support
for Consultants and Auditors
We pride ourselves on being available to our clients at all times for any type of enquiry, from tax advisors, accountants and auditors to legal and specialised departments. Since the beginning of our business, we have become used to working closely with external experts and dealing with enquiries quickly. Our dedicated team is able to efficiently guide you with such enquiries and provide professional support for all queries.
Contact us to smoothly
decommission your
legacy systems
Our experienced team is available to efficiently and cost-effectively manage the decommissioning process, regardless of the version of your Legacy system, in a short timeframe.
Trust AvenDATA to successfully decommission your systems and contact us today for more information.
