BANKING AND FINANCE

EUROGIRO - RESOURCING

CLIENT

Eurogiro is a unique payments network that connects different payments ecosystems, e.g. postal organizations, post banks, commercial banks, and other payment service providers, focusing on cross-border high volume and low-value payments.

Eurogiro facilitates its members' cooperation in the field of international payments and offers efficient solutions supporting their offering to clients.

BUSINESS MODEL USED

With the resourcing business model, the client was offered to completely outsource the work by forming a new team with Seavus employees able to respond to all of the development needs for their product development.

BUSINESS CHALLENGE

Eurogiro is outsourcing the development and maintenance of their applications as they believe that this will provide them with better control of expenses and also, more importantly, with access to the technologies needed to support the business requirements for developing new services. Software vendor criteria:

  • Willingness to take over the existing code
  • Reasonably sized company (200+ employees)
  • Economics
  • Eurogiro in control of the development team
  • Good customer base

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BUSINESS SOLUTION

Seavus has provided a time-and-material solution in a manner required by Eurogiro. Eurogiro was able to directly choose team members and steer the development process as well as the release dynamics.

The work was performed mostly off-site with developers being engaged onsite when needed. All the deliverables were produced timely and with high quality.

CLIENT BENEFITS

The inherited codebase was relatively old and error-prone. The development performed by Seavus shifted this to a new level, making the system significantly more stable with the responsivity to issues moving from weeks to hours. The automated applications upgrade and database update process that replaced the old manual step-by-step approach added to the business value and dynamics of Eurogiro offerings.

TECHNOLOGIES

  • JEE
  • Spring MVC
  • Hibernate
  • MySQL and Apache Derby
  • TOMCAT

OPERATIONAL NUMBERS

  • Takeover an already outsourced project in India
  • Team reduction at takeover by 50%
  • Team size before Seavus took over: 10+ people
  • Entire takeover was done in less than 1 month