After successfully completing the Expected Credit Losses Calculator, our partnership with Coherent grew globally, and we continued to work with them on more applications based on their Spark technology. The next project we collaborated on was the Portfolio Optimization Tool, which presented a unique challenge of working with five teams located on different continents. The product owner was based in Hong Kong, the development team was located in Croatia, DevOps team in India, the project manager in Canada and the rest of the stakeholders were in the USA.
To overcome this challenge, we established a detailed communication plan and by leveraging the time zone differences to our advantage we embraced asynchronous collaboration between the team members.
As a part of the project management plan we documented the vision, goals and objectives of this project. We also documented scope, requirements, detailed technical documentation, budget, schedule and milestones, risks, constraints & assumptions. To make sure the client is up to date with developments, we organized a bi-weekly demo and weekly status update meetings. After the project was thoroughly planned and approved, our next step was to translate the scope, functional, and non-functional requirements into a solution design. The primary challenge we faced was ensuring that Spark WASM (Web Assembly) could be downloaded onto the user’s device without any significant delays. We also needed to ensure that the entire application was customizable using Excel, including the ability to add a new language to the application.
Once we completed the planning phase and prepared everything needed, we proceeded to develop the Portfolio Optimization Tool, a solution that assists in making investment decisions across a range of financial assets or instruments.
Since we had prior experience with Coherent’s Spark technology and had already developed an application, the development phase was efficient and went smoothly. Our team’s agile approach and focus on delivering high-quality, user-friendly apps were once again demonstrated through the successful launch of this tool.
Our partnership with Coherent continued after the successful completion of these two applications. We developed four more applications based on Spark technology, namely the 401k Calculator App, Bond Valuation Calculator, Cyber Rater App, and Home Affordability Calculator.
One significant impact of our collaboration was that we’ve provided Coherent’s sales teams with a flexible and adaptable solution that could be seamlessly integrated into their sales processes. This enabled them to close deals faster by offering industry-specific value propositions tailored to the needs of their clients.
