endorsedOngoing

Post-Close Processing Automation and Recovery System for Financial Services

Services Covered:

Custom Software Development

Industry

Financial Services

Duration

89 months

Budget

200K - 999K

Start Date

1 March 2019

Team Size

11-15 Employees

Engagement Model

Offshore

Project Capability Score (PCS)

76/100

Good

Project Capability Score (PCS) estimates how capable Grape Up is of successfully delivering a project like this, based on its past experience, track record, and ability to handle similar work. Learn more about PCS

Client

Confidential

Irving, United States of America

Project Summary

Grape Up partnered with a financial services company to streamline post-close processing by replacing manual processes and improving throughput. The vendor led development and framework creation using JavaScript, Python, and AWS, and collaborated with the client's operations and internal tech teams. The resulting system increased process speed and reduced errors while adding a disaster recovery capability.

Key Challenges

Tasks taking too long and being performed incorrectly
Little to no redundancy in processes
Heavy reliance on manual processes
Need to increase throughput and decrease errors and to create an actionable disaster recovery plan

Project Deliverables

Streamlined post-close processing system
Development work and framework creation
An actionable disaster recovery plan
Reduction/automation of manual processes

Project Solution

Grape Up collaborated with the client's operations and internal tech teams to scope the project, then developed the system and underlying framework. The implementation used JavaScript, Python, and AWS as core technologies. The engagement followed Agile practices and included cross-functional roles (project manager/scrum master, tech lead, designers, developers, testers, architects) to deliver the solution.

Project Outcome

30% increase in business process speed
70% decrease in error rate
Implemented an actionable disaster recovery plan
Improved collaboration and Agile delivery practices

Platforms

Tech Stack

JavaScript
Python
Amazon Web Services (AWS)

Client Endorsement

Overall Review Rating

4.75

Timeliness

Cost Rating

Willing to Refer

Quality of Deliverables

“Thanks to the system that the Grape Up team helped develop, the company now has a 30% increase in their business process speed and a 70% decrease in their error rate. The company credits this to the team's collaborative approach which made them all feel part of the same team.”
Ryan C Meinzer
Former VP of IT
Date: 03/09/2021