Financial Software Development Services

• Automated aggregation and reconciliation of financial data.
• Intelligent processing of paper and digital financial documents.
• Automated calculation of revenue, expenses, payroll, employee expense reimbursement amount, asset depreciation amount, and more.
• Rule-based financial transaction recording in the general ledger, A/R and A/P ledgers.
• Template-based creation of financial reports.
• Multi-entity, multi-currency, multi-book financial accounting.
• Scalable cloud storage for financial documents.

Value: reduced manual tasks of accountants, improvement in bookkeeping and financial reporting accuracy, full visibility into enterprise-wide accounting transactions.

Revenue management

• Real-time revenue calculation and tracking.
• Rule-based contract revenue allocation.
• Automated revenue recognition according to the up-to-date accounting standards.
• AI-enabled revenue analysis and forecasting.

Tax management

• Automated tax calculation based on predefined tax rates, including region-specific taxes.
• Automated tax filing.
• Scheduled tax payment.

Value: more accurate tax and revenue reporting, simplified compliance with global, country- and industry-specific regulations.

• Automated financial data consolidation from relevant sources.
• AI-powered financial data analysis and forecasting.
• Analytics-based financial planning.
• Scenario modeling and what-if analysis for financial and strategic transactions.
• Template-based budget creation at the enterprise, department, multi-entity level.
• Real-time financial performance monitoring and variance analysis.

Value: streamlined financial planning and analysis, more accurate financial forecasting, improved decision-making on financial and strategic activities.

• Real-time monitoring of cash flow, liquidity, working capital, transactions on investment, financing, hedging activities.
• Automated reconciliation of cash transactions and cash positioning.
• Multi-entity payment management via in-house banking.
• Debt and investment management.
• Financial risk management.
• AI-powered financial analysis to forecast cash flow, liquidity, gains and losses on investing and financing activities.

Value: enhanced visibility across financial transactions, improved liquidity planning and control, minimized idle cash, reduced liquidity and credit risks.

• Automated calculation of due amounts.
• Automated invoice generation and submission to customers.
• Multi-department invoice approval.
• Real-time tracking of invoice status (sent, received, paid, open, etc.).
• Automated payment processing.
• Dunning management.
• Customer self-service portal.

Value: quicker and more accurate invoicing, faster receiving of payments, reduced revenue leakage.

• AI-powered analysis and optimization of product prices and pricing strategies.
• Automated price calculation based on a user-defined pricing strategy.
• User-defined price segmentation rules.
• Template-based price list creation.
• Real-time monitoring of competitors’ prices and stock availability across relevant public sources.
• AI-enabled dynamic pricing.

Value: faster price calculation and updating across selling channels, more competitive pricing, increased profit margin.

• Analytics-based project cost estimation.
• Template-based creation of project budgets.
• Real-time project cost tracking.
• Automated allocation of actual project costs based on the pre-defined costing method.
• AI-powered forecasting of project cost performance.

Value: streamlined planning, control and analysis of project costs.