Target Segment
° Working professionals , Retired consumers
° Client is a Personal finance consulting firm.
° Headquarters at Sydney , Australia
° Providing financial application to the customers to manage their budget
° User friendly App to capture day to day transaction of Individual
° Ability to automatically compute budget for expenses with minimal inputs and analyze the variance with actuals
° Ability to add additional family members and have reports at Family level
° Ability to Scan and capture the Invoice
° Ability to reconcile with Credit Card / Bank Statements at a periodical interval
° Cash flow Reporting
° Extensive reports & graphs for visual display
° Web enabled
° Secured networking
° Workflow enabled
° Integration with other web applications and external apps
° Excel exports and imports
° Bar code and QR code reader
Layer | Technology |
Application Development | Eclipse- Android SDKCocoa framework- iOS Elixir |
Server information | Phusion Passenger,Apache |
Testing Tools | Cucumber |
Database | MySQL |
User interface | Parallax UI |
Impact on | Client Problems | Our solutions | Value |
Revenue | Monitoring day to day financial transactions manually was huge constraint | Mobile based budget app software was developed to record and analyze financial data | Increase in Customers |
Costs | Client had difficulty in calculating the budget for the expenses manually | Application had a provision to automatically compute budget for expenses with minimal inputs and analyze the variance with actuals | Reduced costs |
Costs | Adding family members under budgeting section was a major concern . | Application had provision to add additional family members and have reports at Family level. | Reduced costs |
Costs | Client faced difficulty in handling hard copy invoices since misplacement of document can happen quite often . | Scan and Invoice capturing provision was available | Reduced costs |
Costs | Manual account reconciliation was a huge challenge | Online reconciliation with Credit Card / Bank Statements at a periodical interval through mobile app | Reduced costs |
Usablity | Tracking cash flow on periodic basis manually was a huge challenge | Cash flow reports made available for the user | Reports for decision making |
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