So much has been written and said about core systems replacement over the last few years that separating the facts from the myths has become increasingly difficult. In this article, however, we’ll do just that, which should help you to better understand the core systems space and the challenges and rewards of core systems replacement. This extensive list is compiled from an upcoming Novarica report.

Before You Buy

MYTH: You don’t need to replace your system. You can just continue wrapping/extending/plastering other systems on top of your old system and get the necessary benefits.

FACT: In the vast majority of cases, wrap and extend is rarely a good strategy. It also rarely makes sense to re-write/modernize your existing system(s). The cost of maintaining the system(s) and of ongoing R&D is rarely better than the cost/benefit of replacement.

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