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Learn the 12 Strategies for Successful Software Modernization.

Discover how you can lead the effort to modernize your firm’s outdated customer-facing application. 

Get the guide

Make a clear business case for modernization

Secure buy-in from all relevant stakeholders

Get a real plan you can execute and see results

“Our software project is too big to fail.” 

If you’re like most established, mid-market financial services firms, you’re relying on a massive, outdated software application to run critical functions in your business. 

You know it’s negatively impacting your digital experience and costing you big time in lost customers and revenue potential. 

You also know it’s far too time-consuming, expensive, and risky to tear down and rebuild your application, so you’re considering a software modernization approach.

The problem is, you have no idea where to start.

And you’re afraid your project will fail.

You need this guide if:

  • You’re struggling to make the case for modernizing your firm’s outdated software.
  • You’re not sure how to lead the cultural change required to undertake the challenges of an application modernization project.
  • You’ve been asked to provide a detailed plan for each step of the application modernization project.
  • Your job and/or your firm’s future depend on the success of the software modernization project.
Get the guide

How to ensure your software
modernization project is a success.

Step 1

Download “The Four Reasons Software Modernizations Fail (And Twelve Strategies for Success).”

Step 2

Implement the 12 strategies.

Step 3

Succeed at your software modernization project.

Bonus Step

Fast-track your success.

Find out how

Get the guide

What people are saying about modernizing with Praxent

Our UX team is up and running and is working every day to improve customer UX. Praxent trained us well and gave us all of the skills we need to be successful. More of our customers are able to use our self-service, and we’ve experienced a 30% reduction in call volume. Our net promoter score has been fantastic since working with them—it’s about 80.

Ken Ivie, Senior IT Manager, Texas Mutual

About the Author

Kevin Hurwitz has consulted on delivering custom software to more than 250 organizations, ranging from startups to Fortune 500 companies such as ExxonMobil, Dimensional Fund Advisors, GE, Visio Lending, Sysco Foods, Keller Mortgage, Verizon, and Dell.

His experience directing more than 100 software modernization projects led him to develop a structured application modernization framework that meticulously reduces risk when undertaking such projects. Now for the first time, we’re making this framework available to financial services brands like yours.

READ MORE

Specializing in financial services, Kevin offers unique insights into the industry’s unique needs and challenges  around modernizing legacy systems with regard to security, existing users, future proofing, and internal culture challenges. He holds a computer science degree from the University of Texas and an MBA from Jack Welch Management Institute. 

How does the guide work?

Your financial services firm can succeed at software modernization. The key to success is a strong modernization foundation built on three pillars: strategy, design, and technology. 

READ MORE

When it comes to maintaining brand and service relevance, growing customer relationships, and acquiring new ones, customer experience (CX) is paramount—and it’s a significant source of competitive advantage. The financial services companies that provide the best digital CX will earn the loyalty of their customers and attract others fed up with complex, outdated, and ineffective websites and mobile apps.


Established firms are faced with balancing customer demand for a modern, intuitive digital experience with the enormous cost and risk of updating their complex, outdated applications.
The answer is modernization: enhancing or replacing rather than rebuilding your existing software. But there are pitfalls. Poorly formulated strategy, design flaws, and unchecked technical complexity can make the success of a large development initiative a remote possibility, even before the first line of code is written.


A successful project requires a strong modernization foundation built on the three pillars: strategy, design, and technology. Within each of these pillars are four application modernization strategies that build on one another to ensure your success.


To get the most out of “The Four Reasons Software Modernizations Fail” and ensure your next software modernization project is a success: 1. Download the guide. 2. Use the information and statistics in the Background section to make a business case and get stakeholder buy-in for software modernization. 3. Implement the 12 Strategies for Software Modernization Success by walking through the do’s and don’ts of strategy, design, and technology and consulting the Appendix for problem statements, example deliverables, and diagnostic questions.


Too much is at stake to fail at your next software modernization project. Implement the 12 strategies in “The Four Reasons Software Modernizations Fail,” and see results. Dramatically improve your customer experience with a modernized digital system built specifically for your business—with minimal risk—so you can compete with confidence.


Prefer to fast-track your way to success? Hop on a free call with one of our software modernization process experts, who will personally walk you through each of the 12 strategies and provide you with a customized readiness report you can share with your team.

Get the guide

Who should download the guide?

Business, Operations, and Finance Managers

Product or Marketing Team Members

Technology Leaders

Get the guide

What you’ll get in the guide.

Executive Summary and Background

  • Does Customer Experience Matter?
  • Does Your Software Support Customer Experience?
  • It’s all in the Delivery
  • Mission Critical
    A Model for Success: The Modernization Foundation

4 Reasons Software Modernizations Fail 

  • Poorly Formulated Strategy
  • Design Flaws
  • Unchecked Technical Complexity
  • Unmanageable Release Size

12 Strategies for Software Modernization Success

  • Strategy, Design, and Technology Do’s and Don’ts of Modernization
  • Quick Reference Cards

Appendix and Conclusion

  • Clear Problem Statements
  • Example Deliverables
  • Diagnostic Questions

Let us help you lead the effort to modernize, rather than rebuild, your firm’s outdated customer-facing software applications.

Dramatically improve your digital experience. Serve your customers better. Increase retention and profitability.

DOWNLOAD

The Four Reasons Software Modernization Fail

(and Twelve Strategies for Success)



Praxent is a financial technology consulting and engineering firm. We help our clients command their future and reach their growth goals by delivering on their digital experience roadmaps. Specializing in end-to-end digital transformation, our team’s industry experience and CAN/DO culture help our clients work with their legacy systems to launch bespoke digital experiences that serve their customers better than their competitors.

(512) 553-6830 info@praxent.com

901 S MoPac Expressway Building 1, Suite 300 - #7072, Austin, TX 78746

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Praxent is a financial services digital consulting and development firm. We help our clients command their future and reach their growth goals by delivering on their digital experience roadmaps. Specializing in end-to-end digital transformation, our team’s industry experience and CANDO culture help our clients work with their legacy systems to launch bespoke digital experiences that serve their customers better than their competitors.

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