How to Prepare for a Lending System Migration Without the Headache

Many credit unions, building societies and small lenders know they need to modernise their loan management systems but worry about the disruption that comes with change. Moving to a new lending platform may seem daunting, but with the right planning and support, it can be straightforward and well managed.

Here are five steps to help prepare for a smooth migration:

1. Review your current system
Identify what works, what does not, and what data you want to carry over.

2. Involve your team from the beginning
Clear communication helps everyone understand the benefits and stay engaged throughout the process.

3. Clean and organise your data
A tidy database will make the transfer easier and reduce errors.

4. Choose a partner who supports you
VerumPro Loan includes full onboarding, training and data migration support, so you are never left to figure things out alone.

5. Start with a small rollout
Test the new system with one lending product before moving everything across. This allows you to learn and adjust before going live organisation-wide.

Upgrading your lending system is an investment in your future. With VerumPro Loan, you do not have to do it alone.

Ready to take the next step? Let us help make your migration a success.