Case Study: Outsourced Product Developement (Financial)
Additional Read: Mantra Case Studies
Mantra has successfully provided consulting and IT outsourcing services to many businesses and Fortune 500 corporations. Here is a list of vertical markets that represent Mantra's client base.
Project: Outsourced Product Development (OPD) for a Large Financial Institution in NY
Domain: Banking amd Financial Services
Challenges: Customer needed to - bring new version of product to the market faster, reduce the support
cost of old, complex app, ability to find and retain the resources to work on old technology, realign current
resources team towards newer version
Mantra’s Solution: Mantra worked very closely with management and IT teams and designed 4 tier smart
sourcing solution. Off-shoring was just a 1 tier. Entire project was broken in to 22 milestones with proactive risk
mitigation process for all milestones.
Value Addition:
- New product was beta launched 6 weeks ahead of schedule.
- All 22 milestones delivered on time,
- 41% reduction in maintenance cost of old app,
- 22% reduction in support calls through code enhancement,
- 12 hour turnaround time on level 1 and 2 defects in old application.
Team Size: 12 Developers, 3 QAs
Technology: Microsoft .NET, C#, SQL Server, Win Forms, Microsoft Application Blocks |
