The race is on. Time is running out. Our fiscal year is half over. For the optimists, we are still half-full, so there is plenty of room to continue to grow in innovation and IP richness. However, the clock is ticking and time waits for no-one.

To date, our investment in intellectual property has demonstrated that we are on the right path, at the right time. For example, every time one picks up an industry periodical, the importance of reference data is highlighted. Soon, the release of our venture with Reuters in this area will become a de-facto news item and proof that investment in intellectual property pays dividends. So, the innovation programme is 2 for 2 - Spreadbot and CreditDimensions. But, before we get too excited, let's realize that we need to be investing today in the solutions for tomorrow, and hence the race takes on a new importance.
  • Who will win?
  • Who will drive the next innovation in the company?
  • What will our next IP-driven success be attributed to?
  • Is it stuck in your mind, but not on paper?
I have had discussions with partners who have fantastic ideas and goals for the next innovation and it keeps me optimistic that our growth rates will not only continue to be strong, but also continue to increase. To make growth happen, I am challenging each of you to develop your innovative ideas into a business plan, and to get it to Sanjeev's and my attention. Hurry! The race is on and if you are not working on nurturing IP, you will lose the race. There is a vast wasteland of good ideas that were never executed - don't fall prey to the perils. If you are not able to find the time or if you are unsure of how to craft a business plan, then find a colleague who can help. We have over 350 minds that can be applied to building innovative solutions. The power to succeed lies inside each of you. But, you have to ask, you have to be a leader; and, in the beginning, you will have to burn some midnight oil to get to step 1. One can look no further than Gaurav Malik, Sudhir Dhingra and Sandeep Singh to see how a small idea can turn into a large IP-led success.

If you would like to get involved with an emerging plan, but are not aware of where to look, send me an email. We have several budding opportunities that require more hands and minds and hearts - a fee billing solution for Asset Management, LessononDemand, and GridMon are three ideas that are swirling around, desperately in need of leadership, volunteerism and creativity. This is the stuff that dreams are made of. It is our chance to make an impression in the business world, but there are competitors all around us. So, hurry up, let's get moving before its too late.

Edward Hoofnagle
Group Chairman and Chief Executive Officer (USA)
 
 


Continuing the pattern of growth related editorials in our newsletters, in this volume, let
the "growth" figures speak for themselves. Not surprisingly, a new trend line is starting
to emerge in our growth numbers starting early this year. Before discussing this new
pattern, I would ask everyone to not undermine trend-line of the past few years.
It is important to recall that we have experienced steady growth since the beginning,
which has lead to consistent elevation for all of our professionals in diverse walks of
professional life. These areas included their dream careers, tangibles like monetary
gains, impressive titles, opportunity to work with world's leading institutes on
state of the art financial applications or products, using latest and greatest tools,
or movement to lucrative geographies.

Starting early this year, this new trend line indicated that we are starting to hurl
beyond the era of linear growth and venturing into a golden era where exponential
growth is the name of the game. Our fiscal year is more than half over and trend
not only continues but getting more obvious. Our projections for 2006 fiscal year-end
as well as 2007 fiscal year-end have just been published and I am proud to
present a summarized view via the charts here.

 

 
In all of these charts, hockey stick pattern is showing up with the exponential component at the beginning of '2006 aiming towards new heights. My advice to all of you will be join in this growth spurt and continue to aim high in all areas of excellence spanning quality processes, quality project work, quality sales push and follow-up, quality recruitment and HR management and so on.
 
 
Sanjeev Midha
Group President and Chief Technology Officer (USA)
 
 


Creating A Strategic Combination: Moving towards the last quarter of the year 2006, ebusinessware is fully geared to create a strategic combination for various departments, job functions, roles and responsibilities. Another leap in the expansion of our operations will keep focusing on:
 
  • Geographic expansion
  • Global Process benchmarking
  • Workforce Development
  • Infrastructure Improvement
  • Strategic Communication
  • Re-engineering and Technology Deployment
  • Collaboration with new business Partners across countries
  • Execution of Sales force from back-end to front-end at various platforms to run campaigns
  • Bringing HR to a line function, where it creates a compelling advantage in the business
In the light of the above, coupled with clear focus on EXCELLENCE IN EXECUTION, ebw has brought out dashboard to view every day's progress at different locations, LoD facility for enhancement of different skill-sets, e-HR, e-Recruitment to bring efficiency in our scalability plan, robust EIS and outbound Sales calls facilities and campaign monitoring.

The time is ripe enough to take these systems to help us towards clear information system for inter and intra offices. The challenge is for not only execution and implementation but to carry it further each day. The challenge lies with you, me, Project leaders, module leaders, analysts - in fact with each one of us to bring a very disciplined day to day follow up of these systems. Starting from timesheets, moving to project people reports, culminating to the running of all reports at the end of the day is to be nurtured as a habit within ourselves. Once we are following these high-end processes, there will be no stoppage to the scalability plan of the company. It will provide each one of you a platform where sitting in India you will able to gaze at different job opportunities in different countries within ebw and you will be able to make a selection of the country of your choice. That is the dream, which the entire management is moving towards making a realization.

The time has come for full ACTION; but action without full knowledge of the system may lead to different direction. Therefore log onto website and navigate yourself.

For any queries or discussions, on the above, please make a visit to ebw information system through dashboard. We are aiming at conducting workshops for the above said in the month of December.

We highly appreciate the zeal, team effort and the active support coming from all quarters of ebw in moving the organization to greater heights.


Ashu Chadha
MD, CAO and Managing Partner (ASIA PACIFIC)
 
 


Winters have started setting in - days are becoming smaller and nights bigger. Our work,
however, continues to grow bigger and bigger - and that is a good sign because it
indicates that we are growing.

As the work grows, it is important for us to manage our work and time very well.
I have seen the hard work that you all have been putting in and the pressure
you have been facing due to it. As I had mentioned earlier, we do work hard -
but now, we also need to work smart.

Festive season is here, you might be planning a day or two off in coming days.
Its not that we do not understand the importance of our work but at the same
time our personal lives are equally important. So, how do we do justice to both
and strike a good balance?

Through this note, I wanted to re-iterate a few simple steps to help manage our work
pressure. These are not new things - very well known to us but its just that we fail to
follow them.

1. Have a plan before you start work and make sure all concerned are involved while making the plan.
2. This plan can be a simple list of tasks indicating who works on what and when - Microsoft Project is not must.
3. Track progress of your work vis-a-vis the plan. In case of slippage, raise your concern.
4. If scope of work changes, analyze impact of the change, update the plan and now track the updated plan.
5. Clear and timely communication with all concerned - onsite team, offshore team and also the client.

No matter how complex a project is, these simple steps would keep all of us in a very comfortable zone.

Almost every week I am hearing about new projects coming in. So, lets wrap ourselves in warm clothes and get ready to face the new challenges.

Last but not the least, my best wishes to you and your families for the upcoming festive season!!!


Shrikant Dixit
Chief Technology Officer (India)
 
 
Over the past two years the Wealth Management practice has grown from a single on-site remediation project with two people to a multi client business practice with more than 30 full time employees. Often, I am asked what is wealth management and how does it differ from the traditional brokerage model. There are many specific differences, all too numerous to list, so I have outlined the most basic of definitions here.

What is Wealth Management?
Fundamentally the concept of wealth management is where an investment representative (financial advisor) coordinates a client's portfolio of investments to achieve a complete solution, which meets the client's defined goals, including tax and estate planning. Investments and portfolios are structured to match the client's acceptable risk threshold as well as the financial needs of the goals set.


Fees for wealth management programs are (usually) based on the client's assets and not on individual transactions. Individual investments and portfolios can be managed by the brokerage firm or outside money managers and can be rebalanced periodically.

All of this may sound like a simple brokerage account; however, coordinating automated rebalancing tools, asset allocation calculators, performance generation and monitor reporting for millions of accounts requires a powerful data center and efficient software. The core features for these products are delivered through sophisticated software packages, either built by the brokerage firms or purchased from vendors and integrated into the back office.

The Wealth Management sector is the fastest growing segment in the financial markets industry. Brokerage firms are currently building infrastructure to handle the expected growth for the years to come.

What Wealth Management projects are we doing?
Presently we have engaged multiple clients within the Wealth Management space covering the following projects:
  • A new account management system which acts as a middleware connecting the external money manager, the financial advisor and the brokerage firm's administrative staff and back office. These activities are coordinated to facilitate the opening of new accounts and other day-to-day activities. This system can create accounts for 5 different product types, feeds downstream systems, and integrates workflow and imaging technology.

  • An integrated fee generation, invoicing, account receivable and reporting system specifically designed to support the Wealth Management products. Can created invoices based on new accounts, holdings and market values.

  • Design and development of a system, which provides central control over all research data and analytics for the research team. This tool generates high quality research reports and coordinates onsite due diligence visits. This system when delivered will reduce the time to create a research report by 2 months and help organize the day-to-day tasks of the research analysts.

  • GIM II Maintenance and Support:
    GIM II is a third party software package that provides a complete portfolio accounting, performance measurement and trading solution to the Wealth Management community. Over the years, GIM has been installed at some of the largest financial services firms. We have been lucky to add to our team individuals that have the ability to support this application and its complex installations.

Why is the Value Chain so important?
To generate great software is very important to our future success. Our clients depend on us to provide well-engineered, well-tested software of the highest quality. It would be nice to stop here; however, the marketplace also demands that we understand the business. It is essential for all of us to gain knowledge of the business processes and is vital for our future growth and expansion into the wealth management business.


Mark Davis
Director, Wealth Management Solutions (USA)
 
 

The spirit of Diwali touched everyone at ebusinessware and brought with it the true colors of celebration. At the India office it was celebrated in the traditional style with the entire office decorated with brilliantly colored streamers, candles and floor art. Diwali wishes added a sparkle of the new beginning and lit every heart with hopes and aspirations to strive for perfection. To add to the festivities a small prayer service was conducted which was followed by a snack party. Our counterparts in the US were not lagging behind and they celebrated this beautiful festival together at a party that was organized at Sanjeev Midha's residence in New Jersey. The warm reception at the party was like a home away from home. Beautiful and vibrant crackers, joys of meeting old and new friends, who had come from various parts of the U.S.A, added to the celebrations. Guests went down the memory lanes at the special screening of a documentary on ebusinesware and relived some of the nostalgic moments.
 
 
 
Halloween is celebrated on 31st October every year. It’s the third most popular festival celebrated in the US, with youngsters dressed up in various fancy costumes and beautiful decorations made out of pumpkins and brightly colored lights adorning city streets. The festival of scrumptious meals and fun filled games like Bobbing for Apples, Mummy Wrap, Snap Apple and many more was celebrated with much gaiety and enthusiasm.
 
 

ebusinessware is recognizing the efforts and dedication of Savita Khurana by conferring her with the "Employee of the Quarter" July-Sep 2006 Award. In her 1.5 years of association with ebusinessware Inc. she has efficiently used her technical expertise and enthusiasm to the benefit of the various projects. She had joined the ebusinessware fraternity with a previous experience of 1 year and has successfully managed to carve a niche for herself within the organization. Her excellent time management skills coupled with her laborious efforts have put her in an altogether separate bracket of employees. Savita has played a key role in developing variants of CreditDimensions and has always excelled as a team member. Her hard work has been equally acknowledged and appreciated by the senior management as well as her team members.

 
 
   Expanding Horizons:

After constant endeavor, ebusinessware Sales team got success in formulating a relationship with their 1st Australian client "PermissionCorp". PermissionCorp, situated in the heart of Sydney is a leading provider of permission email marketing, online research, and loyalty programs and services. Their system is built on Microsoft technologies and Lalit Chhabra has been re-allocated to Sydney, Australia to take charge at PermissionCorp. Lalit's engagement with them is targeted to yield a long-term relationship and to build future prospects for ebusinessware existence in Australia.

 
 
ebusinessware Employee Movement to Singapore
Diptiman Bose
Manoj Tyagi
Panchalingtam Swamy
Smita Dey
Harikanth Padmanabhan
Mohit Sharma
Pawan Gupta
Vaibhav Munjal
Hemant Godboley
Nageshwar Rao
Phani Bhooshan
Vishwanath Mathurbutham
Lokesh Obalappa
Nasiruddin Shaikh
Prasanna Puranik
Vivek Aggarwal
Mahesh Shivaji Swami
Naveen Sharma
Praveen Kumar Chauhan
Manish Gupta
Neha Rastogi
Rajesh Uppin
 
 
 
ebusinessware Employee Movement to USA
Amit Anand Gunbir Singh Manpreet Kaur Radha Swami Gaur Siddhartha Srivastava
Ankur Mehta Kapil Dubey Nagabaji Rajiv Pandey Sudesh Soni
Arjun Diwan Krishana Kishore Neeraj Gupta Rohit Mathur Vinit Narula
Bhaskar Selvaraju Mahua Chaudhary Nitin Khanna Sajjan Singh Vishal Saxena
Brajendra Maurya Manoj Mendiratta Pankaj Mehera Shalaj Jain Vivek Mahajan
 
 
List of New Employees Since July 2006
Aashish Sharma   Gaurav Sharma   Nitin Verma   Sandeep Chaudhry
Abhishek Garg   Girish Sachdeva   Pankaj Mehar   Sandeep Kaur
Abhishek Nagar   Harsh Kumar   Pankaj Munjal   Sangeet Gaur
Aditi Bhatia   Himanshu Kohli   Parvez Ahmad Rishi   Sanjay Gupta
Ajay Vinayak   Jitendra Jain   Pragati Pundir   Saurav Joshi
Akash Madan   Kailash Chandra Dimri   Priti Jagwani   Shikha Anand
Akshit Banga   Kamal Ahuja   Puneet Dua   Shivani Nasa
Aman Seth   Kamini Chandna   Rakesh Goswami   Sindhu Jose
Aniruddha Basak   Karan Narayan   Ravindra Babu Pentela   Somdutt Mishra
Anjali Verma   Karuna Arora   Reena Kansal   Sonia Gupta
Anuj Gupta   Karuna Goel   Richa Vyas   Sreekanth V R
Anup Kumar   Kashti Munjal   Ridhi Malhotra   Sumit Soni
Archna Chawla   Kiran Kanwal   Rishi Paul Singh   Sunil Aggarwal
Atul Goyal   Kranti Tiwari   Ritu Dhall   Surjan Singh Rawat
Biswendu Das   Lovkesh Anand   Ritu Gupta   Vaibhav Bajaj
Chayanika Bhatnagar   Mahendra Sasmal   Ritu Seddey   Vijay Tomar
Deepak Kumar   Meenakshi Dua   Rohit Gera   Vikas Bajaj
Dhirendra Dwivedi   Nabendu Sharma   Rohit Makkar   Vineet Bajaj
Dillip Kr Mishra   Neeraj Kumar   Ruchi Vij   Yogesh Sharma
Dilpreet Singh   Neha Gupta   Rupinder Kaur    
Ekta Gupta   Nidhi Bhatia   Sachendra Tyagi    
Garima Gautam   Nitin Gupta   Sachin Saluja