The March 2008 target date it originally set for itself has blown out by a few months, but Skandia is confident it will have a new platform registry system by the end of next year.

The Swedish-owned retail multimanager set down the Q1 2008 deadline in tender documents it sent out to software competitors early this year. But by the time Bluedoor had been selected in February (pipping providers including Bravura, Infocomp and Pentafin) and contract negotiations ensued, the project proper did not start until May. “;You are talking about data conversion and migration of an entire backoffice touching 11 products – it was always going to be an 18 month project,”; said Bluedoor executive director Karen De Angelis. With its legacy registry system understood to be losing it fans among financial planners, Skandia has an internal project team of 40 now working with Bluedoor (which itself has staffed up to 30) to deliver a more streamlined system capable of integrating with “;as many financial planning systems as possible including Visiplan, XPlan, Coin and Praemium”;, a spokesperson said. “;Bluedoor is replacing approximately six systems with its Wealth.net product including registry, imaging, reporting, web and correspondence,”; De Angelis said. “;We are also utilising Wealth.net’s integrated workflow and intelligent character recognition.”; Skandia’s general manager of corporate services, Andrew Prichard, is running the registry replacement program, taking it over from platform head Mark Papendieck who departed in September.

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