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Using Conversion to Your Advantage
Most people shiver at the first mention of the word 'conversion' during a system implementation. For some organizations, conversion may be the key factor when determining whether to undertake a new system implementation. The dread associated with the term stems from unpredictability and uncertainty in time, cost and data quality. There is no cookie-cutter conversion ' no two conversions are the same, nor should they be handled in the same manner. The conversion effort can be big or small, manual or scripted, stem from a single system or contain legacy data from multiple systems. In any case, there are some key steps that apply to all conversions that should be taken into consideration to execute them successfully. Although conversion is time-intensive and requires sufficient resources, it is a necessary component of most system implementations, and when tailored to an organization's needs and planned correctly, it can be an effective process that yields positive results.
Project Planning
During a system implementation process, it is never too early to start thinking about the conversion phase. When a new project begins, the team focuses on gathering requirements, reviewing the system design and estimating the time required to develop the system. During project planning, conversion is often an afterthought and therefore often lacks the necessary priority and focus. If the system design is complete when the team first begins thinking about conversion, the project is at risk. What happens when legacy data has no home or relevant field in the new system? What happens if the field already exists, but it is the wrong field type or the appropriate relationships are missing? Grand' coffees, late nights and change orders start piling up.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
Warehouse Liability: Know Before You Stow!
As consumers continue to shift purchasing and consumption habits in the aftermath of the pandemic, manufacturers are increasingly reliant on third-party logistics and warehousing to ensure their products timely reach the market.
Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.