About Systems
Finmo
Finmo is a digital platform that helps mortgage brokers manage and simplify the loan application process. This cloud-based platform offers a centralized hub for managing money movement, cash management, FX management, integration, and compliance.
Salesforce
Salesforce.com is a cloud-based customer relationship management (CRM) software solution for sales, service, marketing, collaboration, analytics and AI. It provides a very robust, scalable and flexible platform to build any app for your business using standard module with the help of customization.
Migration Strategy
1️⃣ Planning
Define the goals, scope, and timeline for the migration. Identify the data sources and destinations, and assess the quality of the data.
2️⃣ Prepare the data
Perform a data audit to find duplicates, inconsistencies, and missing information. Cleanse the data by deduplicating and validating it. Map the old data fields to the new Salesforce objects.
3️⃣ Choose tools
Select the appropriate tools to migrate the data, such as MuleSoft or Data Loader.
4️⃣ Sample migration in Sandbox
Run a test migration with a small subset of data in sandbox.
5️⃣ Validate the data
Validate the data accuracy and integrity after the first test migration. Make changes if required to fix the issue discovered in sample migration.
6️⃣ Execute the migration in Production
Execute the full data migration in batches, if necessary. Validate the data and test it.
7️⃣ Delta Migration & Post-migration
- Reconcile the new Salesforce records with the legacy system data.
- Do the delta migration if required.
- Set up data backups and create a disaster recovery plan.
Technical Steps
Data Model Mapping
| Finmo Object | Salesforce Object |
|---|---|
| Customer | Account, Contact |
| Loan | Opportunity |
| Ledger Transaction | Custom Object |
| Invoice | Custom Object as Child of Opportunity |
| Any other data | Based on need – Standard or Custom |
Tool Selection
| Tool | When to use? |
|---|---|
| Mulesoft or any ETL connector | Best if we need to migrate quickly and high level data |
| Custom Script using Node JS or Python or Apex Batch |
|
Important Technical Note While Data Migration
- Setup profile’s access, role and sharing model in proper way to make sure the data privacy requirement of the company.
- Make sure customer does not get any unwanted email by turning off the Email >> Deliverability.
- Test the data migration first in a Sandbox, validate and then proceed the full migration.
- Keep Id of records from Finmo in an external custom field to have track after you lose the access of Finmo.
- Make sure lookup references are linked correctly.
- Keep data backup from Finmo locally if possible if it does not contradict privacy policies.
- Data migration may take upto 3 weeks to 6 weeks based on amount, complexity and number of objects to be migrated.
Summary
As the process of migrating data to Salesforce from Fimno is quite complex and extensive. Tenetizer helps the companies to complete the process smoothly. Apart from data migration, Tenetizer helps to maintain and evolve the experience of Sales & Customers immensely. Please reach us out or email us here for a free consultation contact@tenetizer.com..