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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?
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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) |
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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.
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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. |
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Sanjeev Midha
Group President and Chief Technology Officer (USA)
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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:
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- 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
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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) |
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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)
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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) |
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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.
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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. |
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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. |
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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.
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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 |
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| Manish
Gupta |
Neha
Rastogi |
Rajesh
Uppin |
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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 |
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List of New Employees Since July 2006 |
| Aashish
Sharma |
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Gaurav
Sharma |
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Nitin
Verma |
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Sandeep
Chaudhry |
| Abhishek
Garg |
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Girish
Sachdeva |
|
Pankaj
Mehar |
|
Sandeep
Kaur |
| Abhishek
Nagar |
|
Harsh
Kumar |
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Pankaj
Munjal |
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Sangeet
Gaur |
| Aditi
Bhatia |
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Himanshu
Kohli |
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Parvez
Ahmad Rishi |
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Sanjay
Gupta |
| Ajay
Vinayak |
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Jitendra
Jain |
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Pragati
Pundir |
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Saurav
Joshi |
| Akash
Madan |
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Kailash
Chandra Dimri |
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Priti
Jagwani |
|
Shikha
Anand |
| Akshit
Banga |
|
Kamal
Ahuja |
|
Puneet
Dua |
|
Shivani
Nasa |
| Aman
Seth |
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Kamini
Chandna |
|
Rakesh
Goswami |
|
Sindhu
Jose |
| Aniruddha
Basak |
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Karan
Narayan |
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Ravindra
Babu Pentela |
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Somdutt
Mishra |
| Anjali
Verma |
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Karuna
Arora |
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Reena
Kansal |
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Sonia
Gupta |
| Anuj
Gupta |
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Karuna
Goel |
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Richa
Vyas |
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Sreekanth
V R |
| Anup
Kumar |
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Kashti
Munjal |
|
Ridhi
Malhotra |
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Sumit
Soni |
| Archna
Chawla |
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Kiran
Kanwal |
|
Rishi
Paul Singh |
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Sunil
Aggarwal |
| Atul
Goyal |
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Kranti
Tiwari |
|
Ritu
Dhall |
|
Surjan
Singh Rawat |
| Biswendu
Das |
|
Lovkesh
Anand |
|
Ritu
Gupta |
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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 |
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Neha
Gupta |
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Rupinder
Kaur |
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| Ekta
Gupta |
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Nidhi
Bhatia |
|
Sachendra
Tyagi |
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| Garima
Gautam |
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Nitin
Gupta |
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Sachin
Saluja |
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