A database modernization system and method is disclosed. One example embodiment comprises a method for receiving a record stored as a source physical data model, parsing the source physical data model into a source logical data model, wherein the source logical data model includes semantic information from the record, transforming the source logical data model to a destination logical data model independent of a source or a destination record physical implementation, wherein the destination logical data model includes at least a portion of the semantic information from the record, and storing the destination logical data model in a destination physical data model. In this manner, a destination physical data model may be stored in a relational database management system on a per record basis.