Companies seeking to expand their businesses find themselves hindered by an untenable patchwork of siloed legacy systems that trap transactional data from contracts (names, dates, amounts).
Classical strategy is to bridge systems to access information from legacy systems. It is hugely complex and implies harmonization of systems, processes, templates, etc…
A smart alternative or complement would be to consider gathering contract information from legacy contracts (PDFs) and not from legacy systems. CODEXO can help on this path.
This fits global groups in fast transformation that consider leveraging their existing legacy systems instead of replacing, hence slashing operational risk, costs and execution time. This alternative route can be used stand-alone or as a data source powering legacy systems or AI projects via custom APIs.
Key words: Legacy Systems Legacy Contracts Data Import Systems Migration Manual Work Data Agility