NADP Brokerage Services Group, a division of Automatic Data Processing, Inc. said the Product Development Group of its fixed-income processing division achieved CMMi Level 2 certification for its continued efforts in managing business process improvements.
The Software Engineering Institute at Carnegie Mellon University developed the Capability Maturity Model Integration model. The model provides IT service companies with process improvement guidelines in order to meet their business objectives at optimum speed and efficiency, ADP said.
CMMi challenges corporations to re-examine their internal processes and look for ways to improve and maintain the product development cycle.
The ICI/ADP Product Development Group implemented the sound business practices put forth by the CMMi framework. The end result proved to have better project control and enhanced productivity, the company said.
“We actively support and sponsor the CMMi initiative,” said Ron LaRock, Vice President, ICI/ADP Product Development. “It is through our total commitment to it that real changes have occurred that allow us to better serve our clients with the quality of service and quality of product they expect. We have initiated numerous process improvements in key areas using the model framework, and are beginning to see positive results.”
ICI/ADP provides fixed-income trading capabilities to the securities industry. Its product suite includes impact(tm), a flexible integrated fixed-income transaction processing system, FinancePro(tm), a front-end trading solution leveraging the existing middle and back-office platform of impact, and MBS Expert(tm), a trading solution for the mortgage-backed securities environment.