Data Extraction, Migration and Cleansing.
Data extractions are critical for law firms migrating to new practice management systems, merging with other practices or creating data repositories for reporting purposes.
A good migration will ensure continuity of operations, maintain data integrity and accuracy, improve efficiency and productivity, facilitate data analysis and reporting, and help meet compliance requirements.
However, significant and unnecessary compromises are often made during a transition project to reduce time and cost and prevent the need for your new vendor "wrestling" with significant amounts of historical data. As such, "Balances brought forward" or "limited to 3 years" historical data migrations are now becoming the norm.
This is perfectly understandable given how much overall work is required to implement a practice management system and the fact that the data is being extracted from competitor systems that can often be full of inconsistencies, inaccuracies, and duplicate data from historical migrations and mergers or just poor data management over time.
Employing the services of specialist data extraction businesses allows a law firm to take ownership of their data and ensure the success of a migration project by presenting the new vendor with clean structured data which can be mapped to the new solution.
