SOFTWARE PLATFORM FOR AN ACCOUNTING FIRM

# Fintech & Retail

#SOFTWARE DEVELOPMENT, #CLOUD SOLUTIONS, #MULTITENANCY, #SAAS, #MVP

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SUMMARY:

We’ve developed a robust and secure accounting firm software that facilitates multi-tenant access. Integrate diverse payment gateways, such as Stripe, to streamline transactions. Enhance client satisfaction by offering customizable reports and invoice templates, enabling personalized financial insights.

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CLIENT

NDA Protected Client

USA | 10+ employees 

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Offering top-notch accounting software, this company caters to the needs of multiple small businesses, accountants, and bookkeepers. Their comprehensive suite of tools and services enables organizations to enhance operational efficiency and effectively manage their finances.

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REQUEST BACKGROUND

Development of a one-stop solution for managing finances

Our client envisioned a robust accounting software solution delivered as a SaaS (Software as a Service) model, encompassing all essential features. The project aimed to create a comprehensive and user-friendly product tailored to the needs of small and medium-sized enterprises (SMEs) and large corporations alike.

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Central to the software's functionality was the ability for users to effortlessly create and send customer invoices. It was imperative that multiple payment methods, such as credit cards, bank transfers, and Stripe, be seamlessly integrated. Furthermore, employing SSL encryption and adhering to industry standards were paramount.

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The accounting software solution also needed to empower clients to track various transaction categories, including expenses and revenue, and generate comprehensive financial reports.

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To enhance the accounting and billing software's capabilities further, customizable report options were incorporated. These options would allow users to select specific data, format charts, graphs, and tables, and export the reports in versatile formats like PDF or Excel.

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CHALLENGE

CUSTOM ACCOUNTING SOFTWARE WITH HIGH LEVEL CYBER-SECURITY AND ACCURATE DATA

In the development of a complex accounting bookkeeping solution, it is inevitable to encounter challenges.

One of the fundamental hurdles we faced was time management. We had a stringent development schedule and the business logic of our accounting platform was intricate. Additionally, we had to consider various stakeholders and balance their potentially conflicting requirements.

Furthermore, it was imperative for our accounting workflow management software to provide accurate and reliable financial information to clients. Any discrepancies or miscalculations could have significant consequences for clients and their businesses. Thus, we had to thoroughly test and validate our reporting tools.

Our software incorporates multi-tenancy to enable accounting firms and bookkeepers to serve multiple clients on a single platform. This feature optimizes operations and reduces costs. However, implementing multi-tenancy was challenging as we needed to ensure platform scalability, reliability, and performance. Additionally, it was crucial to safeguard the security and confidentiality of each tenant's data.

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GOALS

1. Development of MVP accounting software within a five-month timeframe.
2. User-friendly setup process that can be completed in just five clicks, with the website serving as the starting point.
3. Implementation of multi-tenancy within invoice and accounting software.
4. Ability to conduct transactions, track them, make payments, and generate reports.

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SOLUTION

A reliable accounting invoicing software with an advanced functionality

Node.js, React.JS, AWS, Docker

5 months

5 specialists

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To create the best cloud accounting software, we followed a comprehensive approach that included transparent communication and thoughtful planning.

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A key feature of the accounting software was its multi-tenancy architecture, enabling businesses to manage multiple clients on a single platform. This was achieved through a custom website powered by an internal CMS system. The user interface was carefully designed to be easily customizable, catering to the specific needs of individual clients.

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Furthermore, to capture digital payments, the accounting software was integrated with Stripe, a leading payment gateway provider. This integration allowed for efficient and secure processing of online payments, providing a valuable tool for businesses looking to streamline their accounting processes.

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To enhance the usability of the accounting software, a library of invoice and report templates was also developed. These templates included a range of standard examples, allowing clients to quickly and easily generate professional-looking invoices and reports, saving time and improving the overall user experience.

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Key Features:

• Developed a multi-tenancy fintech accounting software
• Created a custom website powered by an internal CMS
• Integrated the accounting software with various payment processing methods, including Stripe
• Created a library of invoice and report templates to simplify accounting processes

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OUTCOME

A COMPLEX MULTI-TENANCY ACCOUNTING SYSTEM DEVELOPMENT

• Successfully launched the minimum viable product (MVP) of accounting software tailored for bookkeeping businesses within five months of project initiation.
• Achieved an impressive 70% reduction in costs of acquisition, converting leads by offering higher control and visibility 

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