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Corporate Financial Software Development

ScienceSoft offers end-to-end financial application development services to help companies from 30+ industries design and build reliable financial solutions that digitally transform and improve their financial processes.

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.
Get corporate finance software

ScienceSoft’s Customers Say

Key Benefits of Corporate Financial Software by ScienceSoft

  • x2-5

    faster financial data processing due to automated workflows

  • 75%+

    increase in the financial team productivity due to elimination of manual tasks

  • 90%+

    improvement in the financial data accuracy due to eliminated manual errors

  • Improved

    visibility into financial transactions due to their real-time monitoring

  • Enhanced

    protection of sensitive financial data with robust cybersecurity algorithms

  • Minimized

    risk of legal penalties due to compliance with up-to-date financial regulations

Explore ScienceSoft's Selected Projects

Custom Billing Software for a Leading European Marketplace

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

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.

StreamServe Invoice Management Software for a Mobile Operator

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

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 700+ employees on board.
  • Since 2007 in custom financial software development.
  • Expertise in advanced techs, including data science, AI and ML, BI, big data, blockchain.
  • 19 years 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.
  • Quality-first approach based on a mature 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 Americas’ Fastest-Growing Companies 2022

ScienceSoft is one of 500 companies with the highest compound annual growth rate in revenue. This achievement is a result of our unfailing commitment to provide high-quality IT services and find best-value solutions to clients' needs.

Perks of Financial Software Development with ScienceSoft

Optimized cost of financial software implementation

  • We define the scope of a financial solution’s functionality based on our customers’ business needs to avoid implementing unnecessary features.
  • We apply an iterative approach to financial software development to introduce essential features first and enable faster payback from software implementation.
  • ScienceSoft uses proven frameworks and ready-made components where possible to streamline development and ensure high financial software quality.
  • For the development of mobile financial apps, we offer cost-efficient cross-platform technologies.

Modern software architecture

ScienceSoft 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.

Bringing business value with advanced technologies

To deliver additional value across finance workflows for our customers, we power financial software with cutting-edge technologies, including:

  • Cloud to build a reliable and secure financial software infrastructure, ensure optimal solution performance, scalability, high availability and speed up its delivery and updates.
  • AI and ML to analyze and accurately predict various financial performance variables and provide the financial team with intelligent recommendations on optimal decisions across financial processes.
  • Big data analytics techs – to capture, consolidate and analyze large volumes of diverse financial data from various sources in real time and get valuable insights on particular aspects of the company’s financial performance.
  • Blockchain – to facilitate traceability of financial transactions, improve their transparency and safety, and enable secure and fast payments, including cryptocurrency payments, with no intermediary services.

Technologies & Tools We Use

Back-end programming languages

Microsoft .NET
Practice
Practice 19 years

Projects

Projects 200+
Workforce
Workforce 60+

Our .NET developers can build sustainable and high-performing apps up to 2x faster due to outstanding .NET proficiency and high productivity.

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Java
Practice
Practice 25 years

Projects

Projects 110+
Workforce
Workforce 40+

ScienceSoft's Java developers build secure, resilient and efficient cloud-native and cloud-only software of any complexity and successfully modernize legacy software solutions.

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Python
Practice
Practice 10 years

Projects

Projects 50+
Workforce
Workforce 30

ScienceSoft's Python developers and data scientists excel at building general-purpose Python apps, big data and IoT platforms, AI and ML-based apps, and BI solutions.

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Node.js
Practice
Practice 10 years
Workforce
Workforce 100

ScienceSoft delivers cloud-native, real-time web and mobile apps, web servers, and custom APIs ~1.5–2x faster than other software developers.

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PHP
Practice
Practice 16 years

Projects

Projects 170
Workforce
Workforce 55

ScienceSoft's PHP developers helped to build Viber. Their recent projects: an IoT fleet management solution used by 2,000+ corporate clients and an award-winning remote patient monitoring solution.

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Golang
Practice
Practice 4 years

ScienceSoft's developers use Go to build robust cloud-native, microservices-based applications that leverage advanced techs — IoT, big data, AI, ML, blockchain.

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Front-end programming languages

Languages

JavaScript frameworks

Angular JS
Practice
Practice 13 years
Workforce
Workforce 100+

ScienceSoft leverages code reusability Angular is notable for to create large-scale apps. We chose Angular for a banking app with 3M+ users.

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React JS
Workforce
Workforce 80+

ScienceSoft achieves 20–50% faster React development and 50–90% fewer front-end performance issues due to smart implementation of reusable components and strict adherence to coding best practices.

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Mobile

iOS
Practice
Practice 16 years

Projects

Projects 150+
Workforce
Workforce 50+

ScienceSoft’s achieves 20–50% cost reduction for iOS projects due to excellent self-management and Agile skills of the team. The quality is never compromised — our iOS apps are highly rated.

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Android
Practice
Practice 14 years

Projects

Projects 200+
Workforce
Workforce 50+

There are award-winning Android apps in ScienceSoft’s portfolio. Among the most prominent projects is the 5-year-long development of Viber, a messaging and VoIP app for 1.8B users.

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Xamarin
Practice
Practice 11 years

Projects

Projects 85+
Workforce
Workforce 10+

ScienceSoft cuts the cost of mobile projects twice by building functional and user-friendly cross-platform apps with Xamarin.

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React Native
Practice
Practice 8 years

Projects

Projects 300+

ScienceSoft reduces up to 50% of project costs and time by creating cross-platform apps that run smoothly on web, Android and iOS.

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Desktop

C++
Practice
Practice 34 years
Workforce
Workforce 40

ScienceSoft's C++ developers created the desktop version of Viber and an award-winning imaging application for a global leader in image processing.

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Qt
Practice
Practice 4 years
Workforce
Workforce 40

ScienceSoft uses Qt to create cost-effective, sophisticated software with intuitive UI for image analysis, image and video processing, IoT, VR/AR apps.

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C#
Practice
Practice 19 years

Projects

Projects 200+
Workforce
Workforce 60

Our C# developers created the world’s largest PLM software. Their recent projects: development of SaaS for vCIO services management and underwriting software for a global aviation insurer.

Python
Practice
Practice 10 years

Projects

Projects 50+
Workforce
Workforce 30

ScienceSoft's Python developers and data scientists excel at building general-purpose Python apps, big data and IoT platforms, AI and ML-based apps, and BI solutions.

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Databases / data storages

Cloud databases, warehouses and storage

Google Cloud Platform

Platforms

Microsoft Dynamics 365
Practice
Practice 14 years

Projects

Projects 25+
Workforce
Workforce 10+

A certified Microsoft partner, ScienceSoft creates CRM and ERP solutions powered by Dynamics 365 and optimizes most effectively a range of business operations.

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Salesforce

Projects

Projects 10+

ScienceSoft achieves at least 20% increase in sales and 30% improvement in case resolution with well-thought-out and business-tailored Salesforce solutions.

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Adobe Commerce
Practice
Practice 11 years

Projects

Projects 20+
Workforce
Workforce 10+

A certified Adobe Solution Partner, ScienceSoft builds on robust functionality of Adobe Commerce to create highly automated and scalable ecommerce solutions.

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SharePoint
Practice
Practice 15 years

Projects

Projects 100+
Workforce
Workforce 20+

Solid expertise in SharePoint services has earned ScienceSoft a place in Clutch’s list of Top SharePoint Developers in 2023.

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ServiceNow
Practice
Practice 12 years

A certified ServiceNow partner, ScienceSoft offers a proprietary 4-level implementation model that helps deliver the best value from ServiceNow adoption.

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Power BI
Practice
Practice 7 years

ScienceSoft sets up Power BI to process data from any source and report on data findings in a user-friendly format.

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DevOps

Containerization

Automation

CI/CD tools

Monitoring

Choose Your Service Option

ScienceSoft’s financial software development services are customized to your business needs and can be related to:

End-to-end 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:

  • Analysis of your financial needs.
  • Proof of Concept development (optional).
  • Solution architecture design, UX and UI design.
  • Preparing the solution implementation plan, including cost & time estimates.
  • Financial software development (from scratch or platform-based).
  • Solution integration with existing business-critical systems.
  • Quality assurance.
  • Data migration from currently used systems or spreadsheets.
  • User training.
  • Continuous support and evolution (if required).
GO FOR DEVELOPMENT

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:

  • Financial software modernization needs analysis.
  • Audit of current solution functionality.
  • Solution 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 cloud migration plan, the code restore plan, etc.), including cost & time estimates.
  • Development of new financial software modules, or application migration to the cloud, or software code re-engineering.

Optionally:

  • Quality assurance.
  • User training.
  • Maintenance and support.
GO FOR MODERNIZATION