This has been a very special customer engagement for Cordiant where we saw the product grow from vision to being a world leader in the fast maturing Governance, Risk and Compliance ( GRC) platforms market.
With the passing of the Sarbanes-Oxley Act in 2002, many US corporations were faced with new requirements for audit, operational risk and control. Our customer’s solution then became the leading application used to address the requirements of Sections 404 and 302 in corporate America.
In 2005, our customer released the first-generation GRC solution that combined the functionality of audit and risk management on a single platform. In 2007, our customer again led the market with the releases of the Enterprise GRC solution and GRC on Demand. These comprehensive GRC solutions have six components built on a single data repository – financial controls management, operational risk management, enterprise risk management, internal audit, IT governance and compliance.
Today, our customer is a recognized leader in providing more than 1400 organizations – including 30 percent of the Fortune 500 – with comprehensive solutions to streamline GRC processes, reduce costs of compliance, manage and mitigate risks, and provide visibility, oversight and assurance.
Gartner has positioned our customer’s product in the Leaders Quadrant of its 2009 Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms. As a matter of record, our customer has been holding its position in the Leaders Quadrant since 2007.
http://mediaproducts.gartner.com/reprints/oracle/article92/article92.html
Engagement History & Cordiant Execution
With Federal regulations & SOX deadline, our customer was faced with the challenge of rapidly delivering a product tailored to their customers’ unique requirements within extremely tight timeframes. In essence, a ‘tornado’ approach was required to deliver software solutions to a large number of the world’s top enterprises. Our customer needed to find a reliable and competent offshore partner who would deliver them the advantage of speed-to-market combined with world-class quality.
Cordiant facilitated a quick ramp-up of highly skilled resources for Product Development, QA and Offshore Delivery. Cordiant deployed a 70 member offshore team which functioned as a virtual extension of our customer’s development team in the United States. Separate teams functioned for core product development and for rapid customization for individual customers. Over time, features were included in the core product to minimize the need for individual customization.
Special efforts were in place at Cordiant to ensure that only highly motivated and superior skilled team players were recruited as part of the team. Thus, our customer got an A-TEAM in India, working as a virtual extension of their team in the US.
Cordiant also provided the customer the flexibility to ramp up and ramp down the team size, based on the then prevailing demand for resources. This way, our customer benefited from a highly flexible workforce through their relationship with Cordiant.
Technologies used
• J2EE – EJB, JSP, Servlets, Struts
• Software on Demand, SAAS
• Web Services, SOAP
• JUnit, CACTUS
• WSAD 5.x
• WebSphere Application Server, JBoss
• DB2/Oracle
• Windows/ Linux