NOVON bridges the gap from where you are to where you want to be.

No matter what inspires a conversion, the same questions can arise. Is this the best time to make a change? Do we have what we need to make this process go smoothly? Are we sure this transition is necessary? NOVON will help you answer these questions and more.

Depending on your situation, NOVON will:

• Assess your situation and validate, or recommend against, the conversion or transition you’re considering
• Manage the entire project from start to finish
• Handle the smallest details of the platform conversion
• Establish expectations with your vendor of choice to ensure that the conversion process meets your needs
• Act as your advocate throughout all vendor negotiations and discussions
• Assume the responsibility for transition management during the conversion project

NOVON’s proven method makes the difference.

NOVON’s Full Lifecycle Project Management approach is followed on each and every conversion and includes:

• Planning and Analysis
• Design
• Development and Testing
• Implementation
• Post-Implementation Review and Support

For conversion events, NOVON supplements standard project management with a proprietary conversion methodology that focuses on:

• The business definition of your firm on the new platform, i.e., setting up the parameters of the new system that define your business model
• An interactive data mapping and testing process
• A full implementation testing cycle of mock conversions
• New process and procedure definition
• An assessment of business readiness
• Accountability, involvement, and business ownership throughout the project
• The comprehensive event management that brings all of the individual project components to life during the go-live period

Put our experience to work for your conversion.

Working with some of the country’s finest broker dealers, NOVON’s past conversion experiences include:

• Conversions ranging from a few thousand to more than 2,000,000 customer accounts and associated assets
• Conversions from and to most of the major proprietary and service bureau platforms used in the United States today
• Self-clearing and fully disclosed firms, accounts and positions
• Conversion from a bank proprietary mutual fund system
• Conversion of a national property and casualty insurance company from multiple platforms to a common system of record
• Conversions of accounts to and from a mutual fund omnibus system as well as direct mutual fund positions