Corporate Financial Software Development
Since 2007, ScienceSoft offers full-cycle financial application development services to help companies from 30+ industries design and build reliable financial solutions that digitally transform and improve their financial processes.
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Financial software development services are used to launch different types of financial solutions that streamline financial management processes, increase financial data visibility, accuracy and security.
Corporate Financial Solutions ScienceSoft Delivers
Financial accounting and reporting
- 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.
Compliance management
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.
Financial planning and analysis
- 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.
Treasury management
- 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.
Billing and invoicing
- 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.
Pricing management
- 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.
Project accounting
- 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.
Power Financial Workflows with Robust Software
ScienceSoft’s team is ready to design and build:
- A targeted financial application and integrate it with your existing software ecosystem.
- An all-encompassing enterprise financial system.
Key Benefits of Corporate Financial Software by ScienceSoft
Explore ScienceSoft's Selected Projects
Development of Custom Billing Software for a Leading European Marketplace
- Functionality for invoicing, payment processing, debt collection, and more.
- Integration of billing software into the Customer’s online marketplace.
- Automated system scaling from using 2 to > 50 app servers depending on the load.
Customer’s benefit: A scalable billing platform that enables faster processing of international payments and streamlines debt collection.
Viber Billing Portal Development
- Self-service functionality for the messenger’s users to track the account balance and manage payments.
- Automated payment processing.
- Support for various payment options.
- Real-time fraud detection algorithms to ensure personal and financial data security.
Customer’s benefit: A convenient and scalable billing portal that helps the Customer receive due payments faster.
Development of StreamServe Invoice Management Software for a Mobile Operator with 5 Mln Clients
- Template-based generation of customer invoices.
- Designing custom invoice templates and adding marketing materials to invoices.
- Invoice e-signing.
- Automated invoice submission to clients via email.
Customer’s benefit: Faster invoice generation and processing, reduced time for monthly billing campaigns.
Accounting Software Migration to the Cloud
- Re-designing the architecture of a legacy accounting product into a modular web-based multi-tier architecture.
- Developing additional features, such as template-based document generation, e-payments, and more.
- Enabling users to place space-consuming audit logs in low-cost storage.
Customer’s benefit: Reduced cost of data storage, facilitated maintenance of the accounting system, extended product functionality.
Why Choose ScienceSoft
- Since 1989 in IT with 750+ employees on board.
- Since 2007 in custom corporate financial software development.
- Expertise in advanced techs, including data science, AI and ML, big data, blockchain.
- Since 2003 in cybersecurity to ensure world-class protection of financial software and sensitive financial data.
- In-house compliance experts with 5–20 years of experience to ensure financial software compliance with global, industry- and region-specific regulations.
- Mature collaborative approach and KPI-based reporting on the development progress.
- Quality-first approach based on an ISO 9001-certified quality management system.
- Robust security management supported by an ISO 27001 certificate.
The Financial Times Includes ScienceSoft USA Corporation in the List of the Americas’ Fastest-Growing Companies 2023
For the second year in a row, ScienceSoft USA Corporation ranks among 500 American companies with the highest revenue growth. This achievement is the result of our unfailing commitment to provide high-quality IT services and create best-value solutions that meet and even exceed our clients’ expectations.
Perks of Financial Software Development with ScienceSoft
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Optimized cost of financial software development
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Modern software architectureScienceSoft employs a microservices-based architecture to ensure the financial solution’s flexibility to evolve with new features as new business needs arise. To develop and deploy the financial solution faster and provide its high scalability at minimized cost, we rely on cloud-native serverless functions. |
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Bringing business value with advanced technologiesTo deliver additional value across finance workflows for our customers, we power financial software with cutting-edge technologies, including:
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Technologies & Tools We Use
Choose Your Service Option
ScienceSoft’s financial software development services are customized to your business needs and can be related to:
Financial software development
We design and build targeted and full-featured financial solutions tailored to your business-specific requirements to help you digitally transform your corporate finance with the help of mature technologies.
The service covers:
- Solution architecture design, UX and UI design.
- Preparing the project plan, including cost & time estimates.
- Financial software development (from scratch or platform-based).
- Solution integration with the required systems.
- Quality assurance.
- Data migration from currently used systems or spreadsheets.
- User training.
- Continuous support and evolution (if required).
Financial software modernization
We re-design and re-engineer the financial application you currently use, migrate the solution to the cloud, implement new functional modules to help you generate new value with legacy software.
The service covers:
- Audit of the currently used financial software, defining the areas of improvement.
- Architecture re-design, code re-design, UX and UI re-design and/or design of new functional modules.
- Preparing the modernization plan (the implementation plan for new modules, the code restore plan, etc.), estimating the timelines and budget.
- Migration to the cloud.
- Software re-engineering.
- Development of new financial software modules.