Accounting for Core Process System Conversion and other Related Costs

Choosing to change core providers for your financial institution is a significant decision, but one that may make sense for your organization as you consider business performance, cost reduction, and user experience. The core processing system conversion process involves several steps to ensure accurate data transfer, compliance, and continued financial integrity, and the entity may incur various costs at each step. Our comprehensive guide addresses each step and its associated costs.

The Elliott Davis team can help you navigate the complex accounting issues presented in a core system conversion. Contact us below to get started.

The information provided in this communication is of a general nature and should not be considered professional advice. You should not act upon the information provided without obtaining specific professional advice. The information above is subject to change.