Legacy Payment System

Legacy payment system is a recurring challenge for many organizations, hindering their ability to adapt to the rapidly changing business landscape. As a guest blogger, I have seen firsthand the struggles that companies face when trying to modernize their payment systems while still being tied down by outdated legacy systems. This is where Solix comes in as a game-changer for delivering a massive cost-saving solution for your business.

Cost savings from legacy application decommissioning can be as easy as walking through the data center and picking up one-hundred-dollar bills. A study conducted by the Compliance, Governance, and Oversight Council revealed that organizations could save up to $40,000 annually by decommissioning inactive applications. For larger enterprise-class applications, the savings could exceed $120,000.

This is where Solix comes in with their SolixCloud Application Retirement and Decommissioning Service. This solution enables organizations to retire and decommission legacy applications at a fixed monthly cost, freeing up valuable resources and reducing infrastructure costs.

  • With Solix, organizations can retire and decommission legacy applications in a cost-effective manner, supporting structured, unstructured, and semi-structured data. This approach helps meet compliance goals through policy-based data retention, legal hold, and role-based access.
  • Additionally, Solix offers application-specific accelerators for various platforms such as SAP, Oracle e-Business Suite, PeopleSoft, and more, making the transition to modern alternatives seamless and efficient.
  • By leveraging Solix’s expertise in application management, organizations can eliminate the maintenance, infrastructure, and licensing costs associated with legacy applications. This not only streamlines operations but also optimizes infrastructure and improves application performance.
  • With SolixCloud Enterprise Archiving, organizations can centralize data governance and administration, manage data growth, and reduce costs effectively.
  • Furthermore, Solix’s Information Lifecycle Management (ILM) solutions help organizations handle the complex regulatory landscape and minimize risks of accidental data deletion from the archive. By retaining data only as required by law and automating purge processes, organizations can achieve compliance objectives effortlessly.
  • The robust text search and eDiscovery capabilities provided by Solix enable compliance and legal professionals to quickly identify and retrieve records to meet data requests and legal proceedings.

In Wind·up, Solix is a powerful ally in the fight against legacy payment system challenges. By implementing their innovative solutions, organizations can significantly reduce costs, optimize infrastructure, and improve compliance processes. With Solix, the daunting task of modernizing payment systems and retiring legacy applications becomes more manageable and efficient.

So why wait? Contact Solix today and unlock the potential for substantial cost savings and operational efficiency in your organization.

Discover how Solix can revolutionize your legacy payment system and start your free trial today!

We work with companies like Unilever, AIG, Citi, GE, and Santander so we can help businesses big and small achieve their goals efficiently and cost-effectively. Solix – your partner in conquering legacy payment system challenges.

Learn more about how Solix can help your organization by downloading our datasheet on cloud content management for enterprise workgroups.

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