Gurugram, India, April 22, 2022 — Xceedance, a leading provider of strategic operations support, technology, and data services to insurance organizations worldwide, recently announced that its Technology and Core Systems organizational unit in India has been appraised at a Maturity Level 5 as per the CMMI Institute’s Capability Maturity Model Integration (CMMI)®.
CMMI best practices constitute a set of tested methods that accelerate optimal performance by benchmarking key performance indicators. These best practices help organizations evaluate their current capability levels and how those can be enhanced to better align operational performance with strategic business goals.
Maturity levels embody a phased and systematic path for an entity’s process and performance improvement initiatives. A Maturity Level 5 rating indicates that the organization is oriented towards continual improvement, is optimized for agility and innovation, and can maneuver seamlessly to counter threats and capitalize on opportunities to deliver high-caliber products and services. It also means that Xceedance leverages statistical and quantitative methodologies to realize process and quality performance objectives. The robust process ecosystems and leading-edge technology-driven solutions attest to the company’s commitment to delivery and quality excellence.
“A Maturity Level 5 rating is a major milestone for Xceedance. It affirms our commitment to continual process augmentation and excellent project management techniques, aligning our strategic business objectives with superior product and service delivery,” said Amit Tiwari, chief operating officer at Xceedance. “The CMMI appraisal highlights our resolve to integrate process optimization and business value for our customers by combining our technological expertise and industry domain knowledge,” he added.
“Xceedance has been capitalizing on the CMMI Model for some time now. We have constantly endeavored to determine opportunities for improvement. This has helped us achieve superior project execution by leveraging agile and waterfall approaches,” said Prateek Vijayvergia, senior vice president of technology services at Xceedance. “The CMMI Level 5 appraisal validates that our processes are implemented in accordance with industry best practices and that we are well-positioned to deliver significant business value to our customers through technology-led transformation.”
For additional information on CMMI performance solutions, visit www.isaca.org/enterprise/cmmi-performance-solutions.
Xceedance provides strategic operations support, technology, and data services to drive efficiencies for insurance organizations worldwide. The company helps insurers launch products, implement intelligent technology, deploy advanced analytics, and achieve business process optimization. For more information, visit www.xceedance.com.