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.
Schedule a call
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.
Explore Our Featured Success Stories
Perks of Corporate Finance Solutions by ScienceSoft
|
|
Modern software architecturesScienceSoft employs SOA and microservices architectures 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. |
|
|
Cost-effective tech stackScienceSoft’s teams use proven frameworks, cross-platform technologies, and ready-made components (building blocks for the app logic, OOTB UI components, pre-built deployment scripts, etc.) where possible to reduce development costs and ensure high financial software quality. We pick the techs taking into consideration the projected maintenance flows, ensuring optimized app operational expenses. |
|
|
Value-adding features powered by advanced techsTo deliver additional value across finance workflows for our customers, we power financial software with cutting-edge technologies, including:
|
|
|
Focus on securityWe power custom financial software with permission-based access controls, multi-factor authentication, data encryption (incl. asymmetric encryption), user and entity behavior analytics, and other robust security mechanisms. This way, we ensure that the solution and sensitive data it stores are protected against malicious user activities and corporate fraud. |
ScienceSoft’s Customers Say
The B2B customer portal meets our business needs of enhanced pricing invoicing and contracting and overall client communication. We are fully satisfied with the solution and the assistance of ScienceSoft’s team. The project continues on the support level, and we are glad to continue our cooperation with ScienceSoft.
ScienceSoft’s team members proved to be extremely flexible and responsive. They stayed in daily contact with us, which allowed us to adjust the scope of works promptly and implement new requirements on the fly. Additionally, the team delivered demos every other week so that we could be sure that the invoicing system aligned with our business needs.
ScienceSoft was to cover end-to-end development of an intelligent invoice processing module for our Azure-based accounts payable product. They selected and implemented techs that ensured the system’s availability and fault-tolerance. We were particularly pleased with neat alignment of the developed module with our requirements. The new software module performs stably even under heavy load.
Key Benefits of Corporate Financial Software by ScienceSoft
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.
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 and a risk mitigation plan.
- Financial software development (from scratch or platform-based).
- Solution integration with the required systems.
- Quality assurance.
- Data migration from currently used systems or spreadsheets.
- Knowledge transfer, including 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.