Benefits
The benefits of electronic distribution channels solution broken down for Financial Service Production Line into three pressing areas.
FLEXIBILITY
- Considerable time-to-market improvement
Modelling brings a significantly faster change and the process of its promotion to production.
- Changes not related to Release are also possible and cheaper
A change in the model does not require a complete software deployment process, their processing is significantly easier and does away with the need for classical development.
- Testing changes is markedly cheaper
The models repository provides an on-line analysis of the impact of a change, so regression tests of the entire application are not necessary. The technical Framework allows for automated tests and thus facilitates and makes system end-user tests cheaper.
- Agile testing of new business approaches is within a reasonable price and timeframe.
Native support of prototyping and the simplicity of a change allows for changes to be made flexibly in the application and for the market and client specifications to be adapted to.
BUSINESS AND IT COMMUNICATION
- Costs for the specifications preparation phase and definition of requirements is faster
FSPL works as a business and IT communication means for clarifying specifications and enabling customers to see inside their applications, to see dependencies among components and even among projects and reduce communication costs and resolve collisions and misunderstandings. FSPL fully supports the creation of a GUI prototype with which it is possible to work as with a target application.
- Impact analysis is faster and cheaper
The Repository model contains a complete model of the application including all dependencies. The repository maintains the relations from the field on the front end, through all tiers to the attributes of the target back-end interface.
- Analysis, design and development are faster and cheaper
Considerable simplification and unification of the architecture and the solution model distinguishes technological aspects from the functional design. The creation of a standard and limitation of expressive means (meta-model) from which the functionality is composed (so-called Lego Effect) makes development cheaper by using known patterns.
- Costs for the entire supply are lower
Revealing design errors during the process of analysis, design and development and not later during the user acceptance tests reduces costs for their repair. The gradual creation of an application module enables immediate results to be provided through an online repository and enables customers “to see” the application being created even before its launch.
- Reduction of costs for the creation and maintenance of documentation
Application models can also be self-documented and the repository of models allow for the necessary documentation to be generated and to flexibly create other customized generators.
EFFECTIVE ARCHITECTURE
- Technology upgrade requires lower costs
FSPL enables the real separation of the functionality definition from the technology A technology upgrade no longer means a considerable or full rewriting of the application itself, but only focuses on the framework change.