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Case Study: Outsourced Product Developement (Financial)
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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
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SaaS and Offshore Product Dev
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With Mantra Technologies businesses
are guaranteed to generate maximum
value for their
businesses through offshore outsourc
ing. Mantra aligns its knowledge and
services to clients
business objectives and delivers Sus
tained Value + Best ROI + Process
Improvement by off
shoring their existing in house process.
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