Reducing systems implementation failure: A conceptual framework for the improvement of financial systems implementations within the financial services industries

Abstract

The financial industry continues to change, become more global, complex and important to economies all around the work. The industry continues to be in flux and the world financial crisis has resulted in changes that have changed the industry for good. The need for agile, accurate and detailed financial systems has never been so important. This research discusses the issues associated with implementing financial systems within financial services companies, a conceptual framework has been built that will help reduce the risk of implementation failure in future financial systems implementations. Financial experts can use the framework to reduce system implementation risk; help deliver projects on time to budget whilst meet the functionality requirements of stakeholders.