Simplifying migration from one financial consolidation application to another

摘要

Facilitating the migration of financial data from a first financial consolidation application (FCA) to a second FCA. According to one aspect, transactions classified according to categories in the first FCA are migrated to the second FCA associated with values of dimensions, based on a mapping between the categories and the values of the dimensions specified by a user. According to another aspect, substructures storing break up information related to the transactions in the first FCA are migrated to corresponding subset of dimensions in the second FCA, based on the mapping between the substructures and the subset of dimensions specified by a user. Accordingly to one more aspect, accounts specified according to corresponding conventions in chart logics in the first FCA are migrated to the second FCA as corresponding portions of the account hierarchy, while ensuring that the migrated accounts are computed according to the corresponding convention.

主权项

1. A method of migrating financial data from a first financial consolidation application to a second financial consolidation application, said financial data comprising a plurality of transactions, said method being implemented in a digital processing system, said method comprising:
identifying a set of categories according to which said plurality of transactions are classified in said first financial consolidation application; enabling a user to specify, for each of said set of categories, corresponding ones of the values for each of a set of dimensions, wherein each of the values represents a coordinate value in the corresponding dimension; storing, in said second financial consolidation application, said plurality of transactions classified according to said corresponding ones of values for said set of dimensions specified for said set of categories, wherein a transaction of a first category in said first financial consolidation application is stored in said second financial consolidation application associated with the values for said set of dimensions specified for said first category by said user, wherein said digital processing system comprises at least a processor which retrieves instructions from a memory and executes the retrieved instructions to perform at least one of said identifying, said enabling and said storing.