Millions Generated in Bottom-Line Impact for Leading Risk Management Company

This multibillion dollar risk management company is a market leader in the industry. With advanced analytics, this company helps customers determine risk and enhance operational efficiency with a combination of public and industry-specific data.

Challenges

The team serving the largest revenue-generating product in the parent company’s portfolio needed to adopt a fully agile development model to generate more products and revenue
Legacy systems needed to be moved to the cloud to deliver a better, more stable customer experience
The large size of the platform made it impossible to run regression testing against the entire platform, leading to defects costing $1.5-$3 million dollars each year
Internal employees on development teams were reporting low engagement, leading to high attrition

Success Stats

$3M saved due to test automation
8-13% YoY growth attributed to KMS teams
$100M+ worth of software product revenue
0 defects by second year of engagement
7.4x acceleration in delivery
96,000+ tests automated from 8,200 tests

KMS Impact

Established testing automation framework and Java development team to significantly reduce outages and defects and improve the customer experience
Testing automation saved time and reduced tedious work for internal employees, leading to improved pipeline for additional automations, documentation, employee satisfaction, and retention
Increased agility and productivity led to more projects delivered at an accelerated pace, increasing the team’s revenue significantly
Cloud transformation has enhanced stability for customers and speed-to-market for new products, increasing trust in the company’s brand as a market leader and enabling cross-selling and upselling