| "When you work with Willpower Software, you profit from our focused knowledge and skills. We work closely with financial services companies, helping them to create the best possible experience for their customers. Our clients include banks, full-service and discount brokerage houses, insurance firms, mutual fund companies, and other financial firms. We provide you with everything you need to make the technology profitable for your company. "
Willpower Software serve financial services companies by offering quality software development, maintenance and testing services at competitive prices.
We follow an on-site /off-site delivery model that allows you to take advantage of the lower costs of our offshore development center capability without sacrificing the advantages of working with a local firm. You get the high level of customer service and attention that you deserve, while your costs are reduced by over 70% compared to a traditional approach using US-based operations.
Another thing that differentiates us is that we bring financial services expertise in addition to technical expertise. Our principals and consultants are senior people who have combination of financial services and IT backgrounds. Selected recent examples of our products / projects include:
* Online banking system development and implementation,
* Online brokerage system development and implementation
for several mid sized securities firms,
* Clearing system for mid size Shanghai Based brokerage
firm,
* Wealth management system development and integration
with brokerage, banking and financial analytics tools,
* Private equity system for a hedge fund with web based
interface for managing portfolio for private and public,
* Remote 24x7 Database maintenance and support work for a
large insurance company.
Some of our key services include:
Consulting Services
Our e-strategy services develop strategies with businesses seeking to transform existing systems to e-business models as well as with new e-businesses seeking to articulate their vision and formulate their e-business strategies. Willpower Software provides IT strategy and architecture consulting services to commercial banks, asset management firms, insurance firms, brokerage firms, investment banks and hedge funds. Our principal’s extensive experience and unique skill sets in the business and technology aspects faced by Financial Services Companies will enable us to provide highly independent and valuable advice to our clients. Components of an e-strategy service address web design, web content, data design, business transformation, shared services and interactive experience. In formulating an e-business strategy, we will assist our clients in evaluating e-business models and their associated revenue sources. Our services help companies understand how to appropriately re-engineer or create internal operating structures to realize additional value. We help companies move from using the Internet as a communications tool to utilizing the Internet as a business platform.
Our business strategy group is also available to build “proof of concept” products prior to determine – prior to a full scale implementation – if the feature an institution plans to implements will best serve the need of the institution and its customers.
Implementation and Product Development Services
Willpower Software provides project services for clients implementing an eBrokerage solution in-house and for clients implementing an outsourced solution. Project services include project management, training, system implementation, custom interfaces, data conversion, integrated testing, custom software, localization, and version upgrade services. Project services are delivered by trained, financial service industry professionals. They follow a published methodology employing proven project management and measurement techniques. For institutions implementing an eBrokerge solutions in-house, project services are provided on a one-time basis, either during the initial implementation or as contracted for by clients after conversion to our system.
Willpower Software also works with clients to develop special customized solutions for Financial Services. These projects typically may involve the development of special customized application catering to the interest of the Financial Institution.
Maintenance and Support Services
The services organization is responsible for help desk, research, systems operations and application quality assurance. A response team made up of research, quality assurance and programming personnel is assigned when maintenance issues are identified. This team works together to ensure that the customer issue is understood and dispatched accordingly. All issues are tracked and measured, and daily and weekly reports are generated for management review and action. Each client is assigned an account manager. Account managers may be located around the globe and will work in conjunction with the services organization in New Jersey. The account management people are responsible for issue resolution.
The Company believes that service response considerations play a major role in an institution’s selection of banking software products. The Company plans on developing an additional backup service center in China. The more repetitive and less intensive task may be outsourced to this center and it will also act as a backup to provide 24/7 customer services support.
Global Data Service
As part of its consulting practice, Willpower Software provides extensive advise on market data services including real-time, delayed and historical securities data, futures, mutual funds, options, corporate financials, interest rates, bond data, earnings calls and global business news. This is critical for any financial services company employing an online strategy. Separately our data definition practice specializes in data audit and building and cleansing of data to provide consistency across databases. We can also engineer databases to take account of new transaction processes, optimizing the sourcing and deployment of data, enabling our client to maximize the benefits from your investment.
Outsourcing
Willpower Software offers a dedicated development center model to our clients in which a software development team that is dedicated to a single client uses technology, tools, processes and methodologies unique to that client. Each dedicated development center is located at an Willpower Software facility in China and is staffed and managed by the Company. Once the project priorities are established by the client, Willpower Software, in conjunction with the client’s IT department, manages the execution of the project. By focusing on a single client over an extended time frame, the dedicated development center team gains a deeper understanding of the client’s business and technology and can begin to function as a virtual extension of the client’s software team. |