Our client has been operating mainly manually and using Excel tools across multiple of their work steps including:
- Accounts management
- Transactions management
- Financial report - Income statement
Finance Management System
Our client is a European legal company that provides legal services for the B2B segment.
Country:
Austria
Services:
Web Development
Industries:
B2B
Fintech
Finance Management
The challenge
Standardising and automating the financial analytics and forecasting future revenue
During the time and company growth, it becomes more and more difficult to maintain financial transactions and reports in Excel. Our client decided to automate financial reporting and develop forecasting based on existing data and information from CRM.
The solution
We developed a Financial Web platform that helps our client automate their financial processes.
First of all, we implemented integration between the existing CRM and the new Financial platform. It allowed us to minimize human input into the financial system. For instance, every time when a new client is added to the CRM, a new account for this client is automatically created in the financial system. It means that the accountant can immediately track any financial transactions for this client. After that we implemented double entry transaction systems which allows to track all debit and credit transactions. The system allows to add transactions manually or via API to allow other tools sync their financial data.
The features
Financial reports and analytics
Depreciation calculation
Row based permission system
Revenue forecast
Synchronization with CRM
Google authentication
The result
- 01
- 02
The future revenue forecast is a powerful mechanism for company executives to properly plan budgets and efforts.
- 03
Accountant work is simplified by smart input validation and decreasing manual work by synchronization with CRM.
- 04
Smart depreciation algorithm decreases accountant efforts on managing assets values.
Full case study
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