Business Scenario

Our client’s existing Billing Application was designed to help Financial Advisors to

·        Generate Bills for the end clients

·        Generate reports regarding client information

·        Generate Billings corresponding to the clients.

Due to the changing technology landscape, the Client’s application required a technical transition along with the addition of several functionalities and features.

Business Challenges

As the FinTech industry is evolving, so are customers’ demands.

·        Our client wanted to move from a traditional desktop application to a cloud-based web application.

·        Handling vast amounts of data, especially for their end clients, was a massive challenge for them.

·        The application was not user-friendly; hence they wanted to enhance the user experience. 

·        The Client had a strict timeline of 7 months for the overall migration and development.

Hexaview’s Solution

We delivered an end-to-end functional SaaS-based, multi-tenant, web-based portal for billing within the said timelines. 

·        Analyzed the Client’s existing application and proposed a solution per their requirements.

·        Developed a web application that can be used by multiple users simultaneously.

·        Automated the whole calculation logic with a minimal user interface.

·        Added functionality of Report Generation, which produces properly formatted reports that are easy to analyze and more accurate.

·        The application communicates to existing Portfolio Management Systems, Custodian interfaces using REST APIs & web services. 

We constantly modify, create effective plans, and implement them, adding new functionalities and features to ease the billing process.

Impact of the Implementation

·        The web application is more user-friendly and can be accessed anytime anywhere.

·        The Client is delighted with the application and our team’s work. Most of their end clients shifted from desktop version to web version.

·        The maintenance of the application became more accessible.

·        The application has become more secure.

·        Rolling out new versions and upgrades became easier.

Key Success Factors

·        We have expertise in the FinTech industry and developing billing applications. 

·        The coherence of our team with a client team could be achieved by 100% transparency and stakeholder engagement from the Client’s side.

·        Improving the whole testing process to provide stability to the product.