Chennai: The city-based banking software major, Polaris Software Lab Limited, is experiencing better margins in those projects implemented under Service Oriented Architecture (SOA). According to chairman and managing director, Arun Jain, the company is implementing a couple SOA contracts.

"Today contracts rates are fixed based on the solutions and not as per number of persons employed in a project and the rate per hour."

Jain also said that the company is not adding more people to its rolls as it is betting on SOA. "As SOA does not involve rewriting codes the man power needs have reduced." It may be recalled Polaris Software acquired the rights for 56 products when it acquired Orbitech Solutions in 2002. This suite of products were reworked and rebranded as Intellect GeneS- generalised services.

Earlier answering a question after the discussion on ''SOA- the next wave for Indian banks to be globally competitive'', Koen Van den Brande, president, product group, Polaris, said it is difficult to quantify the cost advantages of SOA projects vis a vis purchase of a banking software product. "But SOA surely reduces the time to market for the banks when they launch new products."