Client Overview
The client is a Financial Management software-based company in Sweden providing consulting and outsourcing financial solutions and management services.
Business Challenge
The legacy software maintenance and enhancements became more expensive and cumbersome and the existing system was over structured with rigid processes to interact with newer components. The client wanted to speed up time-to-market to operate dynamically and sustain expansion to new competitive markets. With constantly changing security regulations and compliances, there was a need of technological advancements for improved security and risk mitigation strategies.
Moreover, the system was not supporting advanced level changes in the financial services components, and hence they wanted to streamline complex operations, while bringing down costs and enhancing user experience. Limited scalability was the main bottleneck to their growth.
Solution Highlights
We offered a strategic initiative towards Enterprise Transformation by Legacy System Migration of the existing product of the client using the latest Microsoft technology and Cloud Computing in the SaaS model.
- Key modules: Financial Year and Period, Admin, Settings, Accounting, Purchase Ledger, Sales Ledger, Budget, Invoicing, Stock Control, Sales Order, Purchase Order, Tools, Fixed Assets (5-6 sub modules), Reporting, Staffs Management
- Introduced SaaS-enabled platform with the support of white labeling, modular licensing, and multiple deployment formats including cloud, on-premise, and hybrid
- Multi-database (SQL), Multilingual, Multi-browser and Multi-tenant
- SEPA compliance for payment processing
- Integration with Tax Authorities, ADFS, UBI-Secure, etc.
Benefits
- Legacy platform to SaaS-enabled platform up-gradation for future
- Mobile responsive web application supporting Native mobile apps on iOS, Android, and Windows 8 platform using the offline data support
- The solution streamlines financial processes and creates a uniform platform serving over 400 private and public organizations in the Nordics
- Real-time insights into transnational data
- Solution compliant to tax authorities, ADFS and SEPA
- Exponential business growth through centralized view
- Interactive UI to enhance customer experience with better interaction
- The solution helps design the comprehensive post-release strategy
- Delivers continuous positive effects of modernization by applying forward-thinking web and latest technology stack
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