Key Highlights
- OptiSol partnered with a mid-sized financial services firm to migrate over 500 Oracle Reports to Jasper in just 8 weeks, utilizing iBEAM JCT.
- The client faced operational delays and growing risks due to the aging Oracle Reports framework, prompting an urgent need for modernization.
- With iBEAM JCT, over 70% of the reports were converted through automation, allowing internal teams to focus only on validations and business-specific customizations.
- The engagement enabled seamless, low-risk migration while enhancing reporting accuracy, regulatory compliance, and time-to-insight.
Problem Statement
01
Aging Infrastructure: The firm’s dependency on Oracle Reports (version 11g) created performance issues, high maintenance costs, and compliance risks.
02
Urgent Timelines: A regulatory deadline required modernized reporting capabilities within 3 months, forcing the client to seek a fast-track migration solution.
03
Manual Bottlenecks: Legacy processes involved high levels of manual report editing, which previously led to errors and delayed financial reporting.
04
Limited Bandwidth: The internal IT team lacked both the automation tools and the manpower to carry out large-scale report conversions efficiently.
Solution Overview
01
Tool Deployment: OptiSol provided its iBEAM Jasper Conversion Tool (JCT) license, enabling partial automation for Oracle to Jasper migration.
02
Pre-Migration Audit: Reports were categorized by complexity and grouped for structured migration: simple (42%), medium (37%), and complex (21%).
03
Automated Conversion: iBEAM JCT automated layout transformation, data source mapping, and parameter migration for the majority of the reports.
04
Human Oversight: Complex financial reports, often embedded with calculations and nested logic, were manually refined by the client’s internal team with OptiSol’s guidance.
05
Integrated Testing: Parallel run validation was conducted to ensure 100% accuracy in output, particularly for compliance and audit-critical reports.
Business Impact
About The Project
This success story highlights how OptiSol partnered with a mid-sized financial services firm to modernize their legacy reporting infrastructure by migrating over 500 Oracle Reports to Jasper Reports. The client faced mounting operational challenges due to performance lags, maintenance overhead, and compliance risks tied to their outdated Oracle framework. A fast-approaching regulatory deadline further amplified the urgency for a scalable and efficient migration approach. OptiSol delivered its iBEAM Jasper Conversion Tool (JCT) to automate large portions of the migration process, including layout conversion, parameter mapping, and data source integration. With 70% of reports converted through automation, the client’s internal team focused on validation and business-specific logic adjustments. This collaborative, tool-driven engagement enabled a smooth, low-risk transition, enhancing reporting agility, reducing costs, and aligning the client’s reporting stack with modern compliance requirements.
FAQs:
Why should we migrate from Oracle Reports to Jasper?
Oracle Reports is a legacy platform that is no longer actively developed, leading to rising maintenance costs, performance issues, and compliance risks. JasperReports offers a modern, open-source alternative that is scalable, flexible, and better suited for current regulatory demands.
What makes JasperReports a better choice than Oracle Reports?
JasperReports supports modern technologies, integrates easily with various data sources, has a rich visual layout editor, and is more aligned with agile reporting and compliance needs.
How does iBEAM JCT simplify the migration process?
iBEAM Jasper Conversion Tool automates layout transformation, parameter mapping, and data source configuration, reducing manual effort and accelerating the migration timeline significantly.
What are the cost implications of migrating to JasperReports?
Migrating to Jasper can significantly reduce costs by eliminating licensing fees for Oracle Reports, lowering maintenance overhead, and avoiding expensive third-party manual conversions.
Is JasperReports compliant with regulatory standards like FINRA and SOX?
Yes, when implemented correctly, JasperReports supports robust data governance and audit trails that align with financial and regulatory standards.
Testimonials of Our Happy Clients
Ken Kisner
Global Head of Digital R&D
My experience has been incredibly positive. They were incredibly easy to work with, even with changing requirements.
They are incredibly competitive, but are only a fraction of the cost of US companies.
They are definitely the most professional of the foreign companies that we were looking into.
Nyswyn K.
Director of Software Development
Our journey with OptiSol has been nothing short of remarkable. For over 7 years, we have partnered with them on our digital transformation, and the results have been truly transformative.
Over the years, we have come to trust OptiSol Business Solutions as a reliable and strategic partner.
Al Bagiro
CTO, Auto Insurance Company
The AI engine was completed on time and trained to 90% accuracy. Their eagerness to learn new knowledge impressed us.
Their team is large to handle multiple projects at once, and likes to resolve challenges as well as learn new things. They also welcome regular communications, and of course, needless to say, develop everything in sprints.
Dan Talken
Founder, CEO, & CTO, My Equipment Library, LLC
OptiSol Business Solutions has shown youthful skill and dedication to the projects. Moreover, they have been quick to implement their solutions without sacrificing the quality of each platform.
We’re constantly impressed with their speed and quality of the development that they achieve on a consistent basis.
Dr. A.K Pradeep
CEO MachineVantage
Exceptional Collaboration and Expertise - A Top-Notch Partner for AI, ML, and Digital Applications.
I have had the privilege of working with an exceptional team of professionals from India on numerous AI, ML, and digital application projects. Their expertise in these domains is remarkable, and they consistently impressed us with their knowledge, resources, and innovative approach.
Rick Tigges
CFO, Bemodo
They are very responsive and able to shift focus quickly as we have needed it for business reasons.
OptiSol Business Solutions has been great at documenting the timeline of the project. They were very responsive and were able to shift focus quickly, as well. They discuss what they’re working on without any issues. So far, there’s no need to improve their service.
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