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Business Analysis Services
EffectiveSoft provides full-cycle business analysis services, helping companies of all sizes align their business requirements and IT capabilities to satisfy customer demands and enhance the software development process. Our certified business analysts (BAs) adeptly manage all aspects of our clients’ projects, reducing costs and expediting development.
Clutch proven
EffectiveSoft has been honored as the Top BI and Big Data Company by Clutch. This recognition is a valuable acknowledgment of the profound impact we exert in the IT realm, helping global companies transform their data into tangible value.
services
Our business analysis services
We elicit and analyze requirements essential for achieving business objectives. To accomplish this, we review existing documentation, interview stakeholders, identify their needs, and monitor business processes. We then prioritize the gathered information and consolidate it into a clear and concise business requirement document (BRD), ensuring that all stakeholders have a shared understanding of the project.
Our team of professional BAs participates in creating a detailed system requirement specification (SRS). This technical document clarifies the primary purpose, limitations, functional and non-functional requirements, features, and design of the final solution, serving as a single source of truth for both development teams and stakeholders.
Our business analysis services include prototype creation based on the requirements specified in the BRD and SRS. As stakeholders interact with the prototype, we collect their feedback and refine the prototype accordingly. Our BAs iterate and make the necessary adjustments to the mock-up until all changes are fully addressed, giving stakeholders a clear, unified vision of the product.
EffectiveSoft’s professional BAs accurately document requirement updates, changes, and improvements made to the prototype. Once all the documentation has been meticulously managed, we provide our clients with the final resource, time, and cost estimates necessary for successful project completion.
“Regardless of size, scope, or domain, any business can guarantee the success of its IT project. This is made possible through leveraging business analysis consulting services from industry leaders, such as EffectiveSoft. In addition to exceptional critical thinking, problem-solving, and decision-making skills, our BAs are well-versed in proven business analysis techniques, best practices, and potent tools. Capitalizing on our profound business and technical acumen, companies can ensure that every aspect of their project is managed efficiently, from inception to implementation.”
Evgeni Golovnev
Head of BA Department
models
Our engagement models
Business analysis as part of full-cycle development
We offer business analysis services as part of full-cycle development. This means that throughout the entire project life cycle, not only EffectiveSoft’s technical specialists but also our BAs will make considerable contributions to ensure the best possible project outcomes.
Business analysis as a dedicated team
Depending on their needs, organizations can hire EffectiveSoft’s BAs as a dedicated team. Our BAs will collaborate closely with other teams involved in the project, synergizing business analysis, project management, and technical efforts for the success of the completed solution.
Business analysis-as-a-service
In providing business analysis-as-a-service (BAaaS), we empower enterprises to capitalize on the extensive expertise of our BAs on demand through a pay-per-use model. This approach gives companies greater flexibility without the commitment of hiring in-house or dedicated teams, which is particularly beneficial for small projects.
industries
Our vertical expertise
Due to their extensive practical experience, our BAs have a profound understanding of the healthcare sector and the diverse needs of medical facilities. To address these needs effectively, we complete a wide range of business analysis tasks. Among these endeavors are the collection and analysis of relevant data, operational change management, medical technology implementation, monitoring compliance with the Health Insurance Portability and Accountability Act (HIPAA), and more. Our business analysis services unlock key benefits for healthcare organizations, including improved operational efficiencies, heightened patient experiences, and cost efficiency, among others.
Real estate
Business analysis can be utilized to release the enormous potential of the real estate industry. As a leading business analysis company, EffectiveSoft helps real estate businesses conduct market research, identify market trends and opportunities, and build robust investment strategies to boost property sales and yield profits. Through data visualization and reporting, we help real estate companies gain insights into customer preferences and market fluctuations, supporting informed decision-making. Our BAs also evaluate how real estate projects, assets, and marketing campaigns perform, pinpointing areas for improvement and streamlining business processes.
Trading is another vertical in which our BAs demonstrate excellence and practical expertise. Our specialists are well-versed in collecting and analyzing large volumes of trading data from forex exchange (FX) software, cryptocurrency solutions, equity trading platforms, and more. We conduct analysis and leverage the results to accurately predict market trends, optimize trading strategies, and identify opportunities. This analysis also guides informed decision-making and ensures efficient risk management, empowering trading firms to achieve the best possible outcomes and increase profitability while efficiently mitigating potential risks. Partnering with EffectiveSoft’s team of BAs guarantees that your trading project will be delivered on time and within budget.
EffectiveSoft’s BAs know which initiatives will deliver tangible benefits in the highly volatile e-commerce sector. By thoroughly analyzing e-commerce data, we help online stores gain insights into market trends and customer behavior, pinpoint areas for performance improvement, and optimize the online operations of their e-commerce platforms. Our team of BAs also completes crucial tasks, including promoting market products, recommending technology solutions to streamline customer experiences and business processes, and ensuring compliance with e-commerce regulations. Through our business analysis services, online stores can significantly improve their performance metrics, leading to increased sales and revenue.
Banking, financial services, and insurance (BFSI) organizations are increasingly recognizing the pivotal role of business analysis in ensuring the success of their projects. Our BAs gather, document, and analyze the necessary data and provide insights into how technology can help streamline BFSI operations while staying compliant with cybersecurity standards, such as the Payment Card Industry Data Security Standard (PCI DSS). We also stay current with the latest fintech innovations and trends, including blockchain in the Internet of Things (IoT), peer-to-peer (P2P) lending, and more. Additionally, EffectiveSoft’s BAs recommend proven ways to integrate efficient software solutions to drive innovation and improve customer experiences, all while reliably protecting confidential and sensitive information.
CRM / ERP
Business stakeholders rely on EffectiveSoft as an expert business analysis company when they need experienced BAs to manage their customer relationship management (CRM) and enterprise resource planning (ERP) projects. Our top-tier professionals define business needs, gather and document requirements for CRM and ERP systems, develop technical specifications, conduct process analysis, craft system designs, and facilitate change management activities. The specialized skills our BAs possess in CRM and ERP functionality, coupled with their deep knowledge across various domains, including supply chain management, customer service, and accounting and finance, ensure the successful implementation and seamless usability of CRM and ERP systems.
What about you?
Share your project’s objectives with us and we will help you find the optimal solutoion.
process
Our business analysis process
Discovery phase
We begin with the discovery phase, meticulously gathering information regarding the product. This information includes the product’s purpose, functional and non-functional requirements, and potential value for the business and its customers. In this stage, our clients also provide us with important documentation, highlighting and clarifying the underlying idea of the product, including design, visuals, functionality, and more.
Initial analysis and ballpark estimates
We then thoroughly analyze the received information, maintaining regular communication to gain a deep understanding of the product. During this phase, we recommend improvements and additional features, determine the approach and technologies for efficient product development, and prepare ballpark estimates, including team size, project duration, and cost.
Prototype creation
In this phase, we use the product requirements defined in previous steps to create a clickable prototype, enabling our clients to experience the look and feel of the final solution. The prototype demonstrates the structure of the solution, its primary features, workflow, and possible user interactions. Through prototyping, we ensure the end product perfectly aligns with user expectations and demands.
Documentation
Once the prototype fully reflects our client’s vision, we create a complete set of documents to ensure the product’s features are described correctly. In these documents, we provide a clear definition of all requirements, describe the scope of work, provide ready-made answers to potential issues, and refer to quality benchmarks that must be applied.
Cost and workload estimates
In the final stage, we help our clients prioritize requirements, define approximate milestones and iterations along with their timelines, and describe the infrastructure management plan and the resources required for product development. We then provide final estimates regarding the necessary workload and cost.
our advantages
Why choose EffectiveSoft?
Versatile knowledge
EffectiveSoft firmly positions itself as a premier software development company, with professional expertise that extends far beyond the creation of custom software solutions. Our in-depth knowledge covers multiple areas, including data analytics and visualization, next-gen technologies, DevOps, quality assurance (QA) and testing, user experience/user interface (UX/UI) design, and, of course, business analysis.
Global accessibility
Whether you seek assistance with the software development process or need a comprehensive business analysis, we’re ready to offer round-the-clock support on any issue. With an official presence in the USA, LATAM, Europe, and the UAE, we can promptly reach out to provide the necessary services, thus ensuring the smooth and uninterrupted operability of your business.
Efficient and transparent communication
Efficient and transparent communication is key to the project’s success, and we excel in delivering it. Our BAs have the necessary skills to bridge the gap between business owners and development teams, blending the ideas of both into tangible software solutions. These solutions are designed to resonate with customers, delivering positive experiences and cultivating brand loyalty.
Proven track record
Our track record speaks volumes—we’ve successfully delivered 1,835 projects to almost 800 satisfied clients worldwide, and these numbers are growing every day. Through our broad portfolio, including numerous business analysis projects, we foster trust and credibility among prospective clients, leading to long-term and mutually beneficial partnerships.
Agile approach
EffectiveSoft embraces the iterative Agile approach, as evidenced by our Agile business analysis services. Our BAs adhere to the principles and best practices of Agile, ensuring adaptability to change, continuous improvement, and close collaboration among all stakeholders throughout the entire development process.
Security and compliance
Our professional credo is prioritizing security and compliance above all else. To maintain high levels of both, EffectiveSoft’s team of experienced BAs gathers security requirements, conducts risk assessments, and monitors adherence to security benchmarks and compliance standards, among other critical tasks.
tech stack
Our business analysis tools
Our highly skilled BAs demonstrate extensive expertise in the latest tools and versatile techniques, such as brainstorming and use case modeling, to optimize processes and enhance workflows.
- Power BI
- Tableau
- SQL
- Visio
- Lucidchart
- BPMN
- UML
- Jira
- Trello
- Confluence
- Slack
- Zoom
- Teams
- Google Workspace
- SharePoint
F.A.Q. about business analysis
Business analysis is a critical pillar of a project’s success, so involving BAs in the process is beneficial in multiple ways. BAs elicit, analyze, and document business requirements, translating them into easily comprehensible information that development teams can understand and leverage. They also communicate the developers’ needs to business stakeholders, ensuring a unified vision of the development process. Through thorough analysis, testing, and QA, BAs identify opportunities and mitigate potential challenges, verifying that the end product meets both business objectives and technical specifications.
From the perspective of business analysis, the pre-development discovery phase is essential for several reasons. It helps identify the needs and expectations of businesses, developers, and end users; anticipate potential issues; and estimate the resources, such as time, budget, manpower, and technology, required for successful project completion. During this phase, BAs can also gain a deep understanding of market demands and uncover unique value propositions that the software can offer to users.
By capitalizing on business analysis, companies can reduce project costs, conserve resources, and improve the overall efficiency of the development process. Additionally, business analysis can guide enhanced decision-making and minimize development risks, ensuring projects are delivered on time and within budget.
EffectiveSoft is a leading business analysis company trusted by hundreds of businesses worldwide. Hiring us as your business analysis partner gives you access to our significant business and technical acumen, along with our finely honed analytical and problem-solving skills. This expertise will enable us to effectively validate your business requirements, streamline communication between you and your development team, ensure prudent budget allocation, and more. To learn more about how we can benefit your business, contact us now.
The cost of our business analysis services varies widely and depends on several essential factors, such as project scope, complexity, duration, and the resources involved. To receive an exact quote for our business analysis consulting services, contact us directly for a detailed price estimate for your project.
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What happens next?
- An expert contacts you shortly after having analyzed your business requirements.
- If required, we sign an NDA to ensure the highest privacy level.
- A Pre-Sales Manager submits a comprehensive project proposal. It may include estimates, timelines, lists of CVs, etc., for a particular situation.
- Now, we can launch the project.