Released on = January 6, 2006, 2:21 am

Press Release Author = Jim

Industry = Software

Press Release Summary = Financial Services Outsource Web Solutions Instead of Buying
Software With Jake Rohn.

Press Release Body = Financial Services Outsource Web Solutions Instead of Buying
Software With Jake Rohn, executive vice president of corporate development at
Albridge Solutions, and Stuart Tarmy, the company\'s vice president of marketing.
Albridge Solutions provides enterprise data consolidation and Web-based portfolio
accounting and performance reporting solutions to the financial services industry.

Question: The financial services market has been slowly moving more toward using
Web-based applications over software. What exactly are companies outsourcing through
Web-based solutions, and what are the advantages of outsourcing Web-based solutions
over buying software?

Rohn and Tarmy: Financial institutions are outsourcing a wide variety of application
and data services across their technology platforms. This is being driven by the
growing realization that Web-based applications are simpler to run (data updates can
be applied by the host rather than the user), simpler to maintain (upgrades and bug
fixes can be applied instantly without users applying new software), easier to
access (anywhere with public Internet access), and not prone to personal computer
problems. Most importantly, because Web-based solutions are more efficient to build
and maintain on a total cost basis, it is more economical.

Question: What issues are financial services firms having with making the switch
from software to outsourcing Web-based applications?
Rohn and Tarmy: Among the most prominent concerns are data migration, integration,
replication and storage. Migrating to a new solution means that a significant data
transfer project must be productively completed first. Successfully integrating data
throughout an enterprise is critical to ensuring a seamless transition that enables
a firm to maximize its investment and utilize the data more efficiently. As such, it
is vital to find a partner that is experienced in managing these transitions and
also has a strong commitment to ongoing investment in customer support and
technology enhancements.

Web Site =
http://www.tatvasoft.com/outsourcing%5C2005%5C05%5Coutsourcing-web-solution.html

Contact Details = TatvaSoft - Software Development India

303, Naindhara,
Next to Mitsubishi Showroom,
Near Hotel Grand Bhagwati,
S. G. Road, Nr. Bodakdev
Ahmedabad - 380 052
Gujarat, India

Tel : +91-79-40038222