Tips for launching a new finance system

When the configuration of your new solution is complete – when you will hopefully have successfully completed 6 of our 7 steps to financial transformation, it is time to put the software through its paces.

Once User Acceptance Testing (UAT) has been conducted and you are happy that the solution meets your requirements, you will get a cutover plan – something the project team will have worked collectively on during UAT.

A development term for transitioning from one system to another, the cutover plan is designed to minimise the ongoing risk of system migration.

What should a cutover plan include?

An experienced project team will supply a thorough cutover plan. An effective plan should include details of and timescales relating to the following:

• When you will start processing in the new software solution and cease processing in the legacy system
• Preparation of the production environment
• Preparation of the service desk for user support
• All relevant open finance data loads – details and execution date
• Data checks after the data loads
• Issue log closure
• Development of a command centre prior to go-live
• Development of a user support plan

Contingency planning

With all the planning in the world, sometimes things can unavoidably go wrong. Therefore, it is imperative to establish a contingency plan. With a contingency plan in place, your organisation can continue ‘business as usual’ while any issues are fixed.

Painless adoption of your new software

If your communication up to this point has been clear and well received, user adoption should be unproblematic. However, to overcome any lingering resistance and really drive user adoption, consider these final steps for success:

• Keep the lines of communication open
• Develop training sessions and programs
• Create an effective governance structure
• Survey your team
• Monitor and iterate as needed

Greater detail on each of these points can be found in our eBook, 7 Practical Steps to Non-Profit Finance Transformation.

Sage Intacct

If you are considering a new finance solution, have you considered Sage Intacct? A best in class, true cloud financial management solution, Sage Intacct is designed to meet your business requirements today, with the flexibility to scale and grow with you.

A best in class, true cloud financial management solution, Sage Intacct is designed to meet your business requirements today, with the flexibility to scale and grow with you.

Visit www.cpio.co.uk/sage-intacct to find out more. Or to see how Intacct can transform your finance team’s efficiency and productivity, whilst lowering total cost of ownership, book a demo with one of CPiO’s accredited consultants