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 We
are now in the process of tallying up all the numbers for
last year - and the results are encouraging. The growth that
we have seen over the past few months is filtering through
the numbers. In the prior year we have increased our turnover
68%, this is a healthy growth rate and one that leaves us
with many challenges:
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| 1. |
Match
or Exceed this growth rate in 2006 |
| 2. |
Maintain
world-class process discipline in the face of massive
growth |
| 3. |
Continue
investing in IP-led solutions while services sales are
on the rise |
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the
main message this month is to keep our eyes on #3, while being
busied by 1 & 2. At first glance, it might seem strange
that we are choosing to emphasize the intellectual property
issue repeatedly, but the management team believes that the
key to our long-term success and growth is to move away from
pure services and towards IP-led services. This belief spawned
the innovation programme, and I believe that it is the secret
to our success.
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In
the hustle and bustle of a consulting company, it is easy
to focus from one client engagement to the next, keeping an
eye on the new technology, the new industry domain or the
new regulatory fad. Few of us take the time to consider that
the outsourcing business that we are in is, by definition,
fragile because it is so service-driven. Because ebw is 100%
services-based, the client perception of the firm is directly
tied to us as |
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people, not to any assets that we have created.
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In
addition, our customers develop the habit of seeing our company
through the lens of their "ebw team", not realizing
the vast solution infrastructure and complementary skills
that are available from the entire company. In other words,
if our clients use us in a small capacity, they see us as
a small firm; if they use us in an important capacity, they
see us as an important firm.
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It
is inevitable that the value of the company is tied to our
projects, but we must strive to grow further. Our challenge
is to maintain services growth while we identify the assets
of the firm (that our people have created) and use them to
try to gain recurring revenues from the sale or rental of
intellectual property.
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To
make the leap from pure services to solutions will require
intense focus from our teams in identifying re-usable intellectual
property as well as creativity from our sales and administration
groups to formulate and execute successful sales campaign
around the solutions. We are relying on everyone in the firm
to take up the charge of innovation to envision offerings
that are oriented around solutions, not "bodies".
I am confident in our ability to make this leap and I am eagerly
awaiting for the new leaders of the company to emerge with
ideas and proposals.
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It's
what the innovation programme is all about - transformational
growth, new ideas, new opportunities. |
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| -
Edward Hoofnagle |
| Group
Chairman and CEO |
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As
I observed our people and their teamwork during my travels to London,
Singapore, India and of course, here in USA, couldn’t help
but compare ourselves to a phenomenon I learnt at Wharton School
in the fall of 1998. Team can be compared to a four wheel automobile
like car where degree of functionality (or dysfunctionalily) of
the car depends on how all four wheels work together.
(A) In a four wheel drive, all four wheels are best at doing everything
and share equal load of everything they do. This phenomenon describes
“UTOPIA” and people can only strive for it. (B) In a
front wheel drive, front wheels know the best and share the entire
load while rear wheels are new and learning while |
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cooperating to their best. At every servicing when front wheels
get tired, rear wheels take over giving rest to the other two. (C)
In an unbalanced car, front wheels are making progress but others
are constantly dragging themselves slowing down the entire team
to the slowest or least efficient member. (D) In a beat up car,
some wheels are going in one direction but others are going in their
own different directions including reverse moving the entire vehicle
sideways or backwards.
While
it is very common that most groups in the companies worldwide constantly
struggle in (D) and (C), upon reflecting, I see that our teams have
already elevated themselves to (B) and (A) categories. It, truly,
is an ebusinessware phenomenon. The credit goes to each team player,
our senior managers and of course, entire HR group for setting this
exemplary mood. I am sure all of you and future joinees will adapt
to this ebusinessware phenomenon and take it forward. It surely
coincides with the vision we had dreamt about when we started the
company almost six years ago, never imaged that you all will make
it a reality in such a short time frame.
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New
premises, accommodating more than thirty-five workstations,
were added to ebusinessware’s existing state-of-the-art
infrastructure in the month of April 2005.
Group President and CTO, Sanjeev Midha and Director
of Information Technology, Mark Davis inaugurated the
new premises.
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At
ebusinessware, our constant endeavor is to balance hard
work, celebrations and fun. We feel it helps us to perform
at our best. Having said this, what could be a better
way to celebrate than letting our hair down in a party,
in the august presence of our seniors and in the company
of our friends and families.
Another such opportunity to have fun that greeted the
ebusinessware India team, was organized by the global
HR and Admin Department on 9th April, 2005. The evening's
dinner was graced by Group President, Mr Sanjeev Midha,
Mrs Sunita Midha and Director Information Technology,
Mark Davis from the onshore office.
With a theme of jazzy attire to start with, a bright
ambience greeted all invitees. The games and events
lined up for all the employees and their families added
spirit to it all. Newly-wedded couples were welcomed
and each took a walk down the ramp to rounds of applause
from the rest of the India team members. After this,
Project Teams contended each other in fun games for
the surpise prizes that were given away by Sanjeev and
Mark. Tokens of appreciation were gifted to Sanjeev
and Mark by Ashu and Pankaj.
At the end, it was not just another dance and dinner
party but a get together in the true sense of the term.
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 Ladies
at ebusinessware India office observed the International
Women’s Day in the India office on 9th March,
2005. Over a lunch meeting, each woman shared her
experience of a transition from a student to a young
professional. Ashu’s excellent moderation ushered
in a fine balance between personal and professional
experiences that were recollected by all.
Each woman present in the meeting resolved to excel
in her professional field and to contribute positively
to their own organization—ebusinessware.
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| Asheesh
Sharma as |
Associate Partner (US) |
| Gaurav
Malik as |
Associate
Partner (US) |
| Susanta
Dash as |
Associate Manager (India) |
| Amit
Khanna |
Project
Leader (India) |
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| Ramakant
Goswami |
Associate
Manager of the Month (Singapore) |
| Manas
Pradhan |
Employee
of the Month (US) |
| Prashant
Kapahi |
Financial
Analyst of the Month (India) |
| Atin
Wadehra |
Star
Performer of the Month (India) |
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| Vishal
Narain Singh |
Amit
Shrivastav |
Monica
Kumar |
Nikhil
Popli |
| Neeraj
Bansal |
Jayant
Kawadkar |
Deepak
Chhabra |
Annamma
Anil |
| Kailash
Sharma |
Vipin
Singhal |
Yogesh
Kumar |
Y |
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It
was time to bid farewell to Taruna Tyagi from the
India Team as she left for the Onshore office to take
up new assignments in a Java-based project of a major
banking conglomerate.
The India Team also wished Director, SEPG, Shrikant
Dixit a Happy Journey as he joined the onshore team
to facilitate knowledge transfer in the latest acquisitions.
April marked the beginning of a new journey for yet
another India Team member. The team wished farewell
to Manish Singh Atri as he headed for his new assignment
in the ebusinessware’s Singapore risk management
project.
The India team is also gearing up to wish a Happy
Voyage to Vineet Aggarwal. Vineet was based in New
York for three months to facilitate a comprehensive
understanding of the requirements of an Automated
Portfolio Monitoring and Trend-Analysis project. He
is now all set to join the Onshore Project Team for
this assignment.
Yogesh
Chugh, another India Team Member is all set to move
to the New York office for his latest assignment with
a major insurance client. The India Team wishes Yogesh
a very Happy Journey as he finalizes his date of departure.
A
young member of the India Team, Jatin Ahuja is also
leaving for the US. He will join a website enhancement
project. The team bids farewell to him too and wishes
him a Happy Journey.
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It
was a proud moment for ebusinessware India team to
welcome Group President and CTO Sanjeev Midha on his
latest visit to India. Mrs Midha’s presence
was greatly welcomed by the team specially during
the proud moment of inaugurating the new premises.
Mr and Mrs Midha’s whole-hearted participation
in the next few days’ events further bolstered
the team spirit.
Director Information Technology Mark Davis was welcomed
on his very first visit to India. While the project
teams had incessant sessions with Mark to ensure a
complete knowledge transfer before the development
began, introducing Indian food and fabrics to Mark
was an interesting part of the interaction. Mark's
keen observation of different aspects of India and
his fabulous photographic angles left deep impressions.
The India team also welcomed Nagaraj Thota, Asheesh
Sharma and Shanu Sharma on their visits. Vibrant discussions
ensued as the offshore team members of the three onshore
visitors exchanged information about their work.
Shailendra Mathur was welcomed back on his return
from the US office. Shailendra is all set to follow
up the outsourcing project to maintain the OutBrokerage
Repository (OBR) Applications for a leading insurance
client.
ebusinessware Singapore Team welcomed aboard a new
team member as Ramesh Kumar Durgappa joined ebusinessware
Singapore's risk management project.
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The
global HR Department at ebusinessware announces a special
EIS Drive that is to be conducted over the month of
May 2005. This aggressive drive has been designed to
monitor adherence to several aspects of TUTOS —
timesheet filling norms, meeting the requirements of
the Project People reports, Project Office requirements
etc.
The drive which will culminate in a contest between
all project teams in ebusinessware India, involves the
participation of team members, project leaders and seniors.
The team with zero defaults in filling the above-mentioned
TUTOS requirements will qualify as the winner.
A handsome prize awaits the most aspiring and process-oriented
team: An overnight picnic to Jaipur with ebusinessware
sponsoring the entire visit.
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Our
partners in progress – our clients in the global
financial industry, have reiterated their trust in ebusinessware’s
capabilities and credentials. Latest directives from
our clients to enhance our multi-skilled resource pool
have given a major boost to our operations and growth
plans.
ebusinessware Inc. announces the following open positions
at its Development Center in India.
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| 1. |
DB2
Developer |
| 2. |
Oracle-PL/SQL |
| 3. |
Sr.
Java programmer |
| 4. |
Epiphany |
| 5. |
Software
Testing Engineer
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| With
the introduction of new members
to the Onshore Team, the time
was just right for a formal meeting
in the New York headquarters.
As most project teams are mostly
away at client sites, a meeting
such as this one provided a welcome
break to all. Each member made
a special effort to be present
at the meeting and the evening's
event turned out to be a special
one.
Besides welcoming and interacting
with the new members who have
recently moved to or joined the
US office, the US Team members
also brainstormed the Innovation
Programme’s future course.
Special thrust was laid on the
creation of Intellectual Property.
Sharing diverse client site experience
added to the spirit of the evening.
While the meeting facilitated
the introduction of each new member
to the others, it also provided
an opportunity to identify the
immediate follow up steps required
in ebusinessware's latest drive
to incorporate constant innovations
in its offerings.
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| From
left to right: Akhil,
Aseem, Vivek Chandola, Sandeep,
Manas, Simer, Mohit, Vipul
and Asheesh. |
Seated
from left to right:
Ed, Poonam, Shanu, John
Lingner, Jeffery and Rakesh.
Standing
from left to right:
Sanjeev, Mark and Masood.
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 Since
the inception of ebusinessware we have achieved a lot
of growth and have successfully delivered enterprise
level projects on various technology platform. We have
continued to give our clients with 24/7-production support
and timely delivery of all the engagements. This is
important always so as to motivate the business users
to use the application that we support and also to make
our clients happy.
We have been supporting and maintaining a mission critical
order entry platform for one of our insurance-based
client since more than 3 years. We are also involved
in developing planning accounting systems and also implementing
insurance based workflow platform. Recently we started
an engagement for migrating & merging legacy-based
commission processing systems to windows based platform.
Apart from these our teams are also actively working
on various technology migrations that include operating
systems, Java Virtual Machine and document management
& wet signature software.
Timely and quality delivery is always important. It’s
all about getting it right the first time. I believe
that we have the entire framework that enables us to
make this possible. Teamwork also plays a very important
role in the success, we should always remember that
“none of us is as smart as all of us”. The
nice thing about teamwork is that you always have others
on your side.
As many of us would have noticed once we start delivering
successful projects to the clients, this would help
in building up the trust with our clients. Once we have
earned it, this could result in more business from the
same client or excellent references.
I would encourage all of you to concentrate on timely
delivery, quality and building relationships which will
eventually bring more business and more growth to eBusinessware.
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Sajjan
is leading the ebusinessware offhsore team of five members
in a Fixed Income Front Office project for a top line
finacial services group. Aimed at succeeding in today's
hybrid electronic markets, the project meets customers'
unique needs within one system, tailored to suit any
purpose. With solutions already live at top financial
institutions, the Fixed Income Front Office solution
provides a sound tool for any competitive fixed income
desk.
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| "ebusinessware
provides me not only a career opportunity but..." |
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"Career
Enhancement" |
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"Confidence
and
Satisfaction" |
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"Challenge
and
Achievement" |
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A Java professional, Sajjan has grown with the company
over the last three years from being a developer to
a project leader and has matured with the deliveries
in more than five projects. Holding a BE degree in
Electronics from Shivaji University, Sajjan completed
his PGDAC from CDAC, Delhi. Sajjan’s specialty
lies in the effective balancing of all the project
lead’s roles—leading the team, client
interaction and coding—even under stringent
deadlines.
Sajjan feels his extensive onsite exposure at the
client location in London provided him with a better
understanding of the project requirements. Sajjan
strives to achieve perfection in all his deliverables
and feels his methodical nature gives him an edge
to perform in a better way.
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ebusinessware’s
versatile offerings in the banking sector
have been well accepted over the last
half decade. Three major global investment
banking groups have engaged us to construct
solutions for more than 10 projects over
the last couple of years. While some of
these have been in Java and C#, some have
been data management projects and our
teams continue to delight clients with
innovation in our deliverables.
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People are ebusinessware’s
most prized asset. The company follows a
philosophy that lays stress on constant
skill upgrade to maintain an appropriately
trained workforce. This alone can deliver
outstanding results to clients, feel the
members of ebusinessware's senior management.
As direct fallout of this ideology, ebusinessware
is committed to a programme of continuous
workforce and organizational development
through trainings and seminars.
The
ebusinessware Institute of Applied Software
Engineering (EIASE), set up nearly four
years ago is the focal point of all training
initiatives. The thrust of the institute
was on bridging the gap between knowledge
imbibed from formal courses and the application
requirements of live projects.
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Challenge:
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A
Java J2EE Hibernate project using
the JBPM API to implement the workflow
challenged our teams in systems integration
with an added thrust on data reconciliation.
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Innovation:
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Versatile
project design to facilitate easy
adaptability of the systems to the
client’s architecture. |
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| 2. |
Challenge:
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A
Java, J2EE, Hibernate, JMS, Oracle
and J Integra project to change banking
trades from an excel sheet interface.
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Innovation:
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Versatile
project design to convert this interface
into a relational database interface
and implement reporting functions
using standard reporting tools (Actuate). |
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| 3. |
Challenge:
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Java,
Regex API, Struts, Hibernate project
to process incoming e-mail quotes
for credit spread information from
a variety of sources. |
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Innovation:
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Versatile
project design to incorporate flexibility
and extensibility to accommodate a
large variety of mail formats. |
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| 4. |
Challenge:
|
A
Data warehouse base, JavaScript, HTML,
JAVA, VC++, Adobe, Jacob project to
enable browser-based data capture
to record all pre-issue policy information.
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Innovation:
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Versatile
project design enables data to
• Migrate from JRE 1.4.1-05 to
1.4.2-06 05.
• Migrate Adobe 4 to Adobe 7
• VC++ to .Net Studio
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| 5. |
Challenge:
|
A
J2EE, WSAS, MQ Workflow, MQ Server,
DB2 and CICS project to facilitate
the enrollment of wealth management
clients. |
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Innovation:
|
Versatile
project design to replace the ebusinessware
client's initial interface to handle
its client information. |
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| 6. |
Challenge:
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A
J2EE, Struts, DB2 project to smoothen
the rough edges in the client’s
vendor collection systems. |
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Innovation:
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Versatile
project design to calculate fees
for mutual fund families. The system
will also provide facilities for
generating invoices and reporting
to monitor the metrics of fees generated.
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At
ebusinessware we deliver quality solutions developing
people along the way. We believe that our quest to learn
and imbibe more will translate into our biggest strength
in the present competitive scenario and help us be prepared
always to meet any new challenge. The latest Technical
Training Initiatives at ebusinessware in March and April,
2005 are an extension of this philosophy.
The first session of Technical Training was organized
by the ebusinessware Institute of Applied Software Engineering
where the focus was on bridging the gap between industry’s
needs and software professionals' abilities.
The training initiatives were broadly divided into:
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Workflow
Training: In this category, training
was imparted to 15 participants. Project Leaders
also attended the session.
The concepts covered were: |
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a)
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Business
Process Management |
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b) |
IBM
Web Sphere MQ |
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c) |
IBM
Web Sphere MQ Workflow and associated tools |
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d) |
Features
of IBM Web Sphere MQ Workflow engine with demos |
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e) |
Standalone
and web based client analysis for MQ Workflow engine
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Java
Training: The training session in Java included
Core Java and JSP/Servlets. A total of 16 participants
attended the Core Java sessions and another 11 participants
attended the JSP/Servlets sessions.
Oracle
database concepts: A total of 16 participants
attended this training session.
Struts:
MVC architecture training was provided to eight participants.
Quality
Assurance: Besides processes, the training
session in QA included quality documents, types of testing
and was aimed at explaining the need for automated testing
in projects using Rational Robot to all the 12 participants.
The Technical Training Schedule for May and June 2005
will include Hibernate, Eclipse, Cruise Control, ANT
and VPN/VCN in addition to the topics covered in the
March and April 2005 schedule. |
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P.L.Arora
|
| Senior
Associate Manager, QA |
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Apart
from our proven base of technical consultants, the ebusinessware
group also has the industry’s best resource pool
of financial consultants and financial data analysts.
Growth in this existing pool of quality financial consultants
too has been has phenomenal over the last three quarters.
The team, which currently caters to data management
needs of five top line global investment banks and several
industry-best fund management companies, includes highly
qualified analysts. Currently the team is managing the
operations of more than 300,000 data feeds.
With reference data management and data quality management
forming the super-set of our data operations, CreditDimensions
– a group company of ebusinessware, offers a wide
array of services in Data Matching, Data Cleansing,
De-Duplicating, Data Enrichment, Data Migration, Sampling,
Testing and Data Auditing.
In our experience, data quality is an achievable goal.
We have found that an RDBMS is incomplete without a
comprehensive Data Quality Management System (DQMS).
A typical situation of ‘Garbage In, Garbage Out’
(GIGO) is created and that proves costly. With DQMS,
our clients can ensure that lack of good data and quality
information often does not lead to lost opportunities.
ebusinessware’s solutions improve clients' reference
data by applying state-of-the-art technology and business
process excellence to clients' data feeds. Our end-to-end
Workflow flows from importing / normalizing of client
data and includes de-duplicating, cleansing, exception
management and on-going testing. Our DQMS is the key
to any organization’s quest for achieving Informational
quality. Our DQM System is flexible enough to except
and import any non-proprietary information.
Our selection procedures and capabilities are industry
best, certified by global banks and insurance companies
who are our clients.
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