COVID-19 crisis to production in 3 months
In the presence of the COVID-19 pandemic, Business Alliance Financial Services (BAFS) needed an application to process Paycheck Protection Program (PPP) loans to assist small businesses during the crisis. With no existing infrastructure and time against everyone, the pressure was on for Bitovi to deliver. Keep reading to learn how Bitovi responded.
The Paycheck Protection Program loan emerged in the midst of the COVID-19 pandemic. Since the pandemic has severely obstructed business and the economy, the loan serves to provide emergency relief to small businesses struggling to keep their workforce employed. The time sensitive nature of this made it imperative that Bitovi be fast and efficient in our approach.
An incremental approach was crucial to proving value early and to enable the collection of loan applications as soon as possible. The first PPP Forgiveness application was designed and built to accept and process applications from borrowers and lenders and went live in 3 months.
As the pandemic progressed and SBA updated their loan guidelines, Bitovi adapted. New loan forms and amendments to others made the goal a moving target in which Bitovi never lost sight. Our solid development & delivery pipeline eased tensions on rapidly evolving products.
The custom Nx plugin that was built solved three vital issues and streamlined development. It promoted the flow of:
Knowing that requirements would change and grow, it was imperative that Bitovi had a well defined mechanism for evolution that this plugin provided.
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