Ontario – Toronto GTA – Gormley
Corporation
www.insidus.com/
Ontario
Toronto GTA
Gormley
Corporation
active
Insidus is a Toronto based software developer that solves business problems through business management software. Our firm is quite different than mainstream software companies, mainly because we fill a void in the market that is underserved or completely ignored by other vendors. Unlike most traditional vendors, we do not create €œcookie-cutter€? software that fits 75% of the requirements for 75% of organizations. We create unique software applications that fit 100% of your requirements. Our niche is creating monolithic custom software applications for all quantitative, administrative and data processing challenges. We make our greatest impact wherever numbers or data management are concerned. From the smallest sub-system or desktop application to client/server enterprise systems, wherever your corporate activity requires reporting or gathering, processing and analyzing data, we create the unique software solutions that have immediate impact. Our solutions are always scaleable, dynamic, intuitive and cost-effective.
Country of Ownership: Canada
Year Established: 2002
Exporting: Yes
Primary Industry (NAICS): 541510 - Computer Systems Design and Related Services
Alternate Industries (NAICS): 511210 - Software Publishers
Primary Business Activity: Manufacturer / Processor / Producer
Products:
Custom software systems
Technology:
We build powerful software solutions based on your specific needs, so platforms will vary across organizations and specific business challenges. For small business solutions, we create software using the Microsoft® Visual Basic for Applications (VBA) shared development environment. Larger and more complex solutions most likely will require a client/server solution or a web-based solution so that the software is easily scalable along with your business.
Client/Server platforms have emerged as the most appropriate platforms in the business world. The similarities between this computing paradigm and the way businesses want to operate mesh so well that an overwhelming number of organizations are migrating to client-server platforms. The following traits set client-server computing apart from other platforms: There is a division of labor. Client-server systems divide up the work of computing among many separate machines
Client-server systems rely on networks to connect disparate computers into a cohesive whole, and almost all organizations have a network
The emphasis on the end-user
Depending on the project requirements, our software solutions can utilize the full power of your organization€™s application software through a single user interface. The graphic user interface environment allows users to seamlessly control one or numerous software applications and access data from various databases, Enterprise Resource Planning (ERP) and Business Intelligence (BI) systems (Oracle, PeopleSoft, SAP, AS/400, JD Edwards, Baan, Smartstream, Peachtree, FoxPro, Exchange, Lotus, Bloomberg, Reuters, etc.).
Below is a list of platforms that we regularly develop software solutions with. The list is certainly not exhaustive, so please contact us if you have questions about platforms not listed below: Operating Systems
Microsoft® Windows
Linux
Macintosh
Unix
Databases
Access
MySQL
Oracle
SQL Server
MSDE
Sybase
dBase
Paradox
Focus
Other database platforms
Languages/Front-End
ASP
ASP.NET
AS/400
C#
C++/C
Carbon
Cocoa
Cold Fusion
Delphi
FoxPro
Java
Javascript
JSP
Perl
Python
PHP
XML/XSL
Visual Basic (VB)
Visual Basic for Applications (VBA)
Visual Basic.NET (VB.NET)
Others
Web
Site Design
Flash
Search Engine Optimization
Web Services
Other
Sector:
Success Stories: The Problem
The Real Estate Auditor was created for a Fortune 100 company which held significant investments in thousands of real estate assets throughout the world. Even though real estate was not the company€™s main line of business, every investment required an audit and valuation to be performed by third party auditors (KPMG, Deloitte - Touche, PwC, etc.) twice a year.
Each auditor utilized their own models and methodologies to audit and value the various properties resulting in: extremely high cycle times at a significant cost to the client
low data integrity, accuracy and consistency
the absence of consolidated analyses
Most methodologies used did not meet the rules set forth by the client and there were no opportunities to consolidate information or perform any €œapples to apples€? analyses.
The Solution
We created an all-inclusive automated software application that incorporated all of the rules and thresholds set out by the client. The flexible application allowed administrators to alter rules and thresholds within the system as required. The application was used by the third party auditors in the field to gather information and perform analyses and our client used the application to consolidate, track and analyze all of the information on the various properties.
Results and Benefits
The application forced the auditors to use a standardized methodology which eliminated massive amounts of duplication and allowed for consolidation of information on the spot. The time and cost savings were enormous. The average time required to audit and value an asset dropped from over 5 hours to roughly one hour and the cost per audit dropped from over $1000 per asset to $200 per asset. The auditors were no longer struggling to meet time deadlines and the client is now able to perform analyses across all assets with confidence. Even though the immediately visible and measurable benefit of the tool to the client is several million dollars per year in value, there is greater value derived from the analyses that the tool provide to the organization on an ongoing basis. The client can now perform important year-over-year analyses using standardized data fields and base their decisions on high-integrity data. It is difficult to measure the exact amount of value that the organization derives from making a confident decision as a result of the software, but from what our client tells us, this value is much higher than the visible dollar value associated with the cost and time savings. The cost to build the application software was a mere fraction of the value that it brought to the organization, so the return on investment (ROI) was astronomical.
The Problem
The Commission Payout System was developed for the investment banking arm of a large global financial institution. The investment banking arm had grown with the acquisition and amalgamation of a number of small boutique investment banks and retail investment firms. The entire entity operated with a number of disparate platforms as each acquired entity operated on a different legacy platform. These disparate systems had an enormous impact on the way investment advisors (IAs) on the retail side of the business were being paid.
The entire process to pay investment advisors involved 22 individuals from nine departments. No department or individual wanted to take ownership of the deficient process. On a daily basis IAs were calling the accounting department, management, operations or human resources to complain about missing trades, repeat trades, being underpaid, commission schedule problems or other payout issues. Four separate platforms were used to collect trade data and a 3rd party data processor was used to calculate commissions on a daily basis. Management found the 3rd party vendor to be very inflexible. The vendor would not supply the investment bank with daily soft copy versions of processed data, so the investment bank had a full-time assistant stand at a fax machine and fax all hard-copy commission reports to the various branches. The vendor, who was being paid $175,000 a year for the processing services, was not able to incorporate a complex set of rules that management required into the processor as part of a new compensation scheme.
The Solution
The Commission Payout System was created to automate the entire process of calculating commissions and paying out investment advisors. The previous day€™s trades were taken from the data warehouse and uploaded into the system. On a daily
Zizakovic Lubo
Zizakovic Mary
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