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Use Case Description

  • Cairn Energy India was live with JVA module , One of the Asset was sold off, This has triggered demerger of particular asset in to company code from asset.
  • Asset was in consolidated JVA company and live environment for at least 4 years.
  • All historical data and outstanding trial balance was to be migrated in to new company code.
  • This was part of the legal compliance requirement as part of the demerged asset sale.

Solution Brief

  • Additional company code was created and trial balance as on government approval date was moved in to new company code.
  • We were responsible for preparation of Data migration strategy for Financial Accounting, Management Accounting & Joint Venture Accounting keeping legal requirements in mind.
  • Two round of Data migration rehearsal were carried out before it was taken to live environment.

Delivery

  • Balance Trial Balance at Company code, Joint Venture and Equity Group level.
  • No disruption in the live environment and all historical balance were transferred to new company code.
  • Legal due date for demerger of assets from Cairn Energy’s India asset has been adhered.
  • Design Document for the Data Migration & Cutover Execution plan was critical success factor for this project.