endorsedCompleted

Custom Financial Processing and Red-Flag Detection Software

Services Covered:

Custom Software Development

Industry

E-commerce & Retail

Duration

6 months

Budget

50K - 199K

Start Date

1 March 2019

Team Size

1-5 Employees

Engagement Model

Onshore

Project Capability Score (PCS)

73/100

Good

Project Capability Score (PCS) estimates how capable Ingenuity Software 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

New City Commercial Corporation

Lapu-Lapu City, Philippines

Project Summary

Ingenuity Global Consulting developed a custom financial-processing application for a department store chain to automatically detect and flag red-flag transactions. The engagement included requirements gathering, mockups and process flows, and a development phase from March to September 2019. The delivered product met stakeholder expectations, met deadlines, and passed the agreed test cases with only a few post-launch fixes.

Key Challenges

Automate audit services to detect red-flag transactions
Reduce manual effort in selecting and reviewing suspicious transactions

Project Deliverables

Custom financial transaction processing software
Automated red-flag transaction detection and alerting
Requirements artifacts, mockups, and process flows

Project Solution

Ingenuity Global Consulting developed a web-based application using ASP and PHP to process financial records and automatically detect red-flag transactions, raising them for review. The engagement was split into two phases: requirements gathering with mockups and process flows, followed by development. Development ran from March to September 2019, with a team led by a senior developer supported by business analysts and other developers for specific modules and bug fixes.

Project Outcome

Met deadlines (100% timeliness)
Passed 100% of test scenarios after going live
Only a few bugs encountered and fixed post-live
Final product met stakeholder expectations

Platforms

Tech Stack

Client Endorsement

Overall Review Rating

4.88

Timeliness

Cost Rating

Willing to Refer

Quality of Deliverables

“The final product delivered by Ingenuity Global Consulting, Inc. met all project stakeholder expectations, hitting all deadlines and handling all test-cases with very few errors throughout. Their team has a range of experience levels but as a whole is highly experienced and professional.”
Glayra Cuamag
Audit Manager
Date: 02/11/2020