Executive Summary

Verifacto is a technology-driven company specializing in innovative solutions for the automotive finance and insurance industries. To support its rapid business growth while optimizing operational costs, Verifacto partnered with ITTStar for offshore IT staffing services. Through ITTStar's global delivery model, the company gained access to experienced technology professionals, reduced hiring costs, and accelerated project delivery while maintaining high-quality standards.


Customer Challenge

Verifacto had historically relied on US-based full-time employees, resulting in high hiring and operational costs. The organization required global IT staff augmentation services that would enable them to quickly hire skilled professionals while reducing costs, maintaining quality standards, and improving hiring efficiency without increasing internal management overhead.


ITTStar Solution:

ITTStar evaluated the customer's hiring requirements and proposed multiple global delivery models before implementing a dedicated offshore development team services approach. Under the housed resourcing model, ITTStar sourced, screened, hired, and managed highly qualified professionals while providing complete transparency into salary, administration, and operational costs. This enabled Verifacto to scale efficiently with dedicated full-time resources aligned to business objectives.


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.

ITTStar Solution:

ITTStar evaluated the customer's hiring requirements and proposed multiple global delivery models before implementing a dedicated offshore development team services approach. Under the housed resourcing model, ITTStar sourced, screened, hired, and managed highly qualified professionals while providing complete transparency into salary, administration, and operational costs. This enabled Verifacto to scale efficiently with dedicated full-time resources aligned to business objectives.


Why ITTStar's Model?

ITTStar's flexible resourcing model enabled Verifacto to rapidly expand its engineering capabilities while maintaining complete operational transparency and cost control. By leveraging IT resource outsourcing solutions, the customer eliminated recruitment complexity, reduced hiring timelines, and gained experienced technology professionals without establishing an offshore legal entity.


Impact & Results

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 

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