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Case Study LIAD

Bank exchange rate display

Case Study : Personal Finance Mobile Apps

ABOUT THE CLIENT

Target Segment

  • Working professionals , Retired consumers

Solutions

  • 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

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  • Client is a Personal finance consulting firm.
  • Headquarters at Sydney , Australia
  • Providing financial application to the customers to manage their budget

APPLICATION LANDSCAPE

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APPLICATION HIGHLIGHTS

  • Web enabled
  • Secured networking
  • Workflow enabled
  • Integration with other web applications and external apps
  • Excel exports and imports
  • Bar code and QR code reader

TECHNOLOGY LANDSCAPE

Layer Technology
Application Development Eclipse- Android SDK

Cocoa framework- iOS

Ruby on Rails

Server information Phusion Passenger,

Apache

Testing Tools Cucumber
Database MySQL
User interface Parallax UI

PROJECT DURATION

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VALUE PROPOSITION

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

IMPLEMENTATION & SUPPORT PROCESS

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