Are big bang OMS upgrades a thing of the past? - Enfusion

This site uses cookies to improve your experience.
We’ll assume you’re okay with this, but you can opt out if you wish.

Back to Insights

Are big bang OMS upgrades a thing of the past?

Aug.22.2022

Share

Copy

What are your options if you’re upgrading – or being forced to upgrade – your OMS? Historically, “big bang” upgrades have involved a long and disruptive change management process. As a result, many firms lag behind on upgrade cycles and accumulate technical debt.

Thomas Phipps of Cutter Associates offers an informed perspective on how the dreaded upgrade process is evolving.

Key takeaways:

  • “Big bang” OMS release cycles are costly and fraught with risk.
  • Many firms fall behind on OMS upgrades because of the huge change management projects involved.
  • Forced migrations are a good opportunity to reassess operating strategy, including people, process, technology, and data.
  • The industry is moving away from “big bang” upgrades toward incremental SaaS releases that reduce risk.

Related Topics


Related Posts

Explore more.

Data, ESG, Events, Insights, Middle/Back Office, Videos

Jan.20.2023

Integrating ESG into the middle office
Read More

Insights, Portfolio Manager, Risk/Compliance, Technology, Videos

Oct.27.2022

Webcast: Optimize portfolio decision-making through market volatility and uncertainty
Read More

Data, Events, Insights, Risk/Compliance, Sanctions, Videos

Oct.13.2022

Webinar replay: Demystifying sanctions monitoring
Read More

COO/Operations, ESG, Insights, Portfolio Manager, Scaling Operations, Videos

Nov.2.2022

Meeting ESG requirements
Read More

Gain a clear advantage.

Talk to Us