The 2017 Cornerstone Performance Report for Banks analyzes the latest trends and developments in banking gathered from working directly with banks nationwide.
•Risks related to ongoing operations, customer impact, data integrity and compliance are mitigated through a proven, formal process
•Experienced conversion professionals manage project commitment and timelines and ensure performance by involved vendors
•Team-based approach allows for high-level of engagement on the conversion throughout the organization to ensure conversion success
•Tools and methodologies allow our clients become more self-sufficient with future system implementations and change management
•Our Cornerstone Process Architecture (CPA) provides a deep, checklist-based methodology to ensure all operating processes are managed and all potential conversion risks mitigated
•Our Conversion team has collectively completed several hundred core conversions
•Cornerstone brings comprehensive industry expertise and best practices in back office operations, lending, payments and delivery channels. Our clients have access to this expertise at a moment’s notice.
•Our formal methodology allows clients to execute conversions in a manner that is seamless to customers and ongoing operations.
•Complete a formal Conversion Assessment
•Develop oversight and team structure
•Develop formal enterprise and team-level project pans
•Complete product and data mapping
•Oversee data cuts and testing
•Ensure infrastructure and operational readiness
•Develop training and communication plans
•Oversee mock conversion and “day in the life” preparations
•Conduct formal Risk Assessments
•Develop detailed Conversion Weekend Playbook
•Manage conversion operations and “Command Center”
We will be hosting for the first time, a new Credit Union Project Management Roundtable this Spring. This event will bring together project managers and executives to collaborate on the challenges we experience managing strategic and tactical projects in a credit union organization.
AOBA 2018: a big party packed with acquirers, sellers, investment bankers and attorneys full of big plans for the year ahead.