Deconversion and Merger Services

ID Deconversion and Merger Services

Deconversion and Merger Services

Intellectual Dimensions (ID) is the leader in proactive deconversion and merger preparation, equipping Credit Unions to navigate current core system transitions with confidence as well as to fortify themselves for any future changes. Whether you’re actively undergoing deconversion now or looking to preemptively secure your data infrastructure, ID ensures you’re prepared every step of the way.

We provide solutions to safeguard and retain your historical data, ensuring it’s not just preserved but also primed for strategic use, regardless of your future core system choices.

Seamless Data Transition, Strategic Future Readiness

Core system conversion presents a unique set of challenges, notably the risk of losing invaluable historical data integral to your Credit Union’s operations and compliance requirements. ID recognizes the critical nature of your data and the complexities involved in ensuring its continuity beyond the current core system.

Benefits

  • Uninterrupted Data Continuity: Maintain access to critical historical data throughout and after the core system transition.
  • Strategic Decision-Making: Utilize comprehensive data insights for future growth and member service enhancements.
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  • Operational Resilience: Ensure operational continuity with integrated third-party data and preserved core system information.
  • Regulatory Compliance: Safeguard against compliance risks with complete historical data retention.

Features

  • Comprehensive Data Preservation: Ensures all data within the current core system is accurately captured and securely transitioned to the DataFusion platform.
  • Third-Party System Integration: Seamlessly integrates data from third-party systems, enhancing data richness and operational insights.
  • Future Core System Readiness: Prepares your Credit Union for a smooth transition to any new core system without the fear of data loss.
  • Strategic Data Utilization: Empowers your Credit Union to leverage historical data for informed decision-making and strategic planning.

The ID Advantage

With ID’s Deconversion and Merger Services powered by VantEdge Point DataFusion™, we offer a proactive approach to deconversion. By starting the deconversion process now, we ensure that all data from your current core system is meticulously preserved, including the integration of third-party systems, setting a robust foundation for any future core conversions.

Cycle of Success: Your Blueprint for Deconversion Excellence and Beyond

Our approach to deconversion is guided by ID’s proprietary Cycle of Success methodology, a proven process that ensures comprehensive planning, execution, and follow-through for each deconversion project. This methodology encompasses a series of strategic steps designed to understand your specific needs, prepare your data landscape for transition, and implement solutions that align with your Credit Union’s long-term goals and current needs. With the Cycle of Success, we guarantee not just a successful deconversion but a foundation for ongoing innovation and growth.

ID Cycle of Success

ID Cycle of Success

Our Deconversion and Merger Services

As a key member of your Core Conversion team, ID focuses on the critical aspect of your Credit Union’s data integrity.  We offer a robust suite of deconversion services that facilitate a smooth transition for Credit Unions shifting from legacy systems like XP2 and Spectrum to contemporary cores such as Symitar, Correlation, DNA, and others. Here are some of the many specialized services we provide:

  • Core-Agnostic Deconversion Extracts: Our services offer a cost-effective alternative to proprietary deconversion programs. Our universal extract solutions are designed to be compatible across various systems, ensuring that if your Credit Union doesn’t maintain an existing data warehouse, we can provide a temporary one for the duration of the deconversion project.
  • Comprehensive Historical Data Retrieval: Unlike many standard services, we ensure that all historical transaction data, such as check details, are meticulously extracted, and transferred to your new system, safeguarding against data loss and ensuring continuity. Our approach has the ability for enhanced pre and post-conversion data validation.
  • Specialized Data Migration Solutions: We make data otherwise inaccessible or not provided in standard deconversion programs such as Driver’s License, ID image, plastics, and online enrollment extractions, accessible to new systems.
  • Automation and Support for System Transition: We handle complex processes such as pre-conversion and merger questionnaires, validations, and audits, significantly easing the workload during system transitions, and providing support to ensure a smooth transfer.
  • Data Integrity and Continuity Services: Capture and retain critical data snapshots both before and after the data conversion process. This ensures that your Credit Union’s data integrity is maintained throughout the transition, providing you with reliable historical references for future operations and compliance needs.

Our approach is built on a foundation of experience across multiple core systems, demonstrating our capacity to adapt and apply our expertise regardless of the client’s starting or endpoint in the core landscape. Whether it’s facilitating a seamless transition or providing the temporary infrastructure needed for data management, ID is your partner in deconversion as well as strategic data empowerment.

“In today’s fast-paced financial world, Credit Unions face the challenge of seamlessly transitioning from one Core to another while maintaining operational efficiency and member satisfaction.  With the help of Intellectual Dimensions, our Credit Union was able to face this challenge.  Intellectual Dimensions possess a deep understanding of Credit Union operations and the intricate nuances involved in Core transitions. Their approach is not merely transactional; it’s a collaborative journey tailored to meet the unique needs of each Credit Union.

Deconversions can be daunting undertakings, but with Intellectual Dimensions by your side, the process becomes manageable and even transformative. They go above and beyond to ensure a smooth transition.  They help with guidance, troubleshooting challenges, and providing unwavering support from start to finish.  

With Intellectual Dimensions at your side, you can navigate the Core transition with confidence, knowing that you have a trusted ally committed to you for a successful conversion.”  

Angela Marcum, Core Banking Product Manager, L&N Federal Credit Union

Secure Your Data’s Future Now with ID

Don’t wait until it’s time to convert to a new core system. With ID’s Deconversion and Merger Services, begin the journey to data empowerment today. Preserve your historical data, integrate your systems, and pave the way for a strategic future.

With ID, deconversion is not an end but a strategic step towards a data-empowered future. Let us safeguard your past and unlock the potential of your Credit Union’s tomorrow.

Your Data, Your Future, Our Expertise

Contact us today to preserve your future.

 
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