Executive Summary

Verifacto is a technology-driven company specializing in providing innovative solutions for the automotive finance and insurance industries. Their platform offers comprehensive risk management, compliance, and customer engagement tools designed to streamline operations for automotive lenders and insurance providers. By integrating advanced analytics and real-time data, Verifacto enhances decision-making processes and helps clients reduce risks and improve profitability. The company's commitment to leveraging technology ensures that its clients stay ahead of industry trends and regulatory requirements, positioning Verifacto as a leader in the automotive finance and insurance sectors.


Customer Challenge

Verifacto had historically only employed US-based employees for full-time roles. The cost and expense of managing these resources were high and required additional expense to manage the resources and overhead attached. The customer wanted a cost-effective global solution which would help them hire the experts their business required with less cost while matching the internal quality of employee management.


ITTStar Solution:

ITTStar understood the challenges and proposed three different global resourcing solution structures. Verifacto chose the “Housed Resourcing” model, which is where ITTStar finds and qualifies a candidate as per the requirements, Verifacto confirms the candidate, ITTStar hires the resource as a dedicated Full-Time team member as per the given budget by the client.

ITTStar gave Verifacto full transparency in terms of Salary, Admin, and Management Costs. Together, the organizations partnered to onboard the new team member and fulfill the requirement in a winning scenario for all involved.


Impact & Results

  • Offshore Presence: Verifacto gained Offshore Presence without having to go through the rigor of becoming an Offshore business/legal entity, with all of that process’ registration requirements and legal hurdles
  • Transparency & Control: Verifacto retained 100% transparency of ITTStar’s costs and investments throughout the process and now has full control of the resource working effectively and efficiently.
  • Cost Effective: Verifacto saved around 60% of their existing personnel costs for new hires for specific roles with this model.
  • Time Saving: Verifacto saved 40% of their time in terms of sourcing, interviewing, and qualifying new hires, as well as lengthy onboarding processes
  • Operational Free Management: With ITTStar managing the operations, Verifacto had a peace of mind with ZERO involvement in managing routine day-to-day operations.
About Verifacto

Verifacto is a risk management technology company providing insurance tracking with focus on improving the ways auto lenders and borrowers connect with information. Their system tracks insurance status and compliance for lienholders and additional insured combined with loan payment reminders and smart recovery. Verifacto provides real time insurance status combined with loan payment status on thousands of auto loans to help lenders minimize risk, maximize profits and efficiencies.

Testimonial

"I have worked with Shivaprakash A from ITTStar Consulting, LLC, and I can confidently say he is a dedicated and hardworking professional. His commitment to delivering high-quality results is truly commendable. Shivaprakash consistently goes above and beyond to ensure every project is executed flawlessly, reflecting his exceptional dedication and expertise."

-Shem-Tov Sharpiro
Senior Developer