CASE STUDIES
Introduction of the Euro
in Croatia and Slovenia
TIS GRUPA was a key partner in two national projects for the introduction of the euro – first in Slovenia and then in Croatia.
CASE STUDIES
Introduction of the Euro
in Croatia and Slovenia
TIS GRUPA was a key partner in two national projects for the introduction of the euro – first in Slovenia and then in Croatia.
Challenge:
TIS GRUPA was a key partner in two national projects for the introduction of the euro – first in Slovenia and then in Croatia. These projects required intensive collaboration with the largest banks in both countries, with a special focus on high complexity and precision in implementation. The main challenge was the replacement of the country’s primary currency, which required a seamless transition to the new currency without affecting daily transactions, especially in the financial sector.
Solution:
TIS GRUPA was engaged to provide essential support to the IT coordination of the project, which was responsible for administrative and technical support throughout the entire process of introducing the euro. Alan Budak, head of the project management department, was part of the team working on this project. Although TIS GRUPA was not involved in the early phases, the team quickly became an important partner through its expertise, positive attitude, and team dynamics.
Key components of the solution included:
1. Support to IT Coordination: TIS GRUPA took on the role of “assisting the IT coordinator” to support the execution of complex tasks. Due to the specificity of the project, the team was responsible for collecting, processing, and presenting key indicators, ensuring that all stakeholders were regularly informed about the progress. The automation of reporting systems helped efficiently track the project.
2. Testing and Quality Assurance: Due to the high complexity, the project involved extensive testing of all modules, including integration tests, performance tests, security checks, regression tests, and quiet production. TIS GRUPA was responsible for creating test plans, monitoring testing, reporting progress, and ensuring that any issues were promptly addressed.
3. Communication and Collaboration: Given the number of departments involved, it was important to establish an effective communication style. TIS GRUPA helped streamline communication between IT, business analysis, operations, and project management teams, ensuring that the project progressed according to plan.
4. Monitoring Progress: Alan’s team regularly reported on progress, identified deviations from the plan, and helped implement necessary corrections. With their assistance, the project was successfully implemented, with minimal disruptions to the daily operations of the participating banks despite the high complexity of the currency change.
Results:
Successful Implementation:
TIS GRUPA ensured that the transition to the euro in Croatia and Slovenia proceeded without major issues, with minimal impact on daily transactions for individuals and businesses. The transition to the new currency was carefully planned, and the project was completed on time, with all functionalities successfully implemented in the participating banks.
High-Quality Collaboration:
The collaboration with clients and banks was extremely positive. TIS GRUPA demonstrated its expertise in managing highly complex projects and its ability to adapt to client needs and changing circumstances on the ground.
Praise for Dedication and Flexibility:
Upon completion of the engagement, TIS GRUPA received praise for its dedication, flexibility, responsibility, and quality of deliverables. The joint collaboration with clients continued after the implementation was finished, and the project was deemed very successful.
Conclusion:
The euro introduction projects in Croatia and Slovenia were challenging due to their high complexity and the need for precision.
TIS GRUPA played a key role in ensuring successful implementation by providing technical support, conducting testing, and coordinating between numerous stakeholders. TIS GRUPA’s involvement in these projects stands as an example of successful collaboration on large, highly complex projects in the financial sector, with a focus on quality, accuracy, and team coordination.
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