Month: January 2024

The story

The client is a Financial Services company based in Sweden, sought to revolutionize the buying and selling of cryptocurrencies by creating a smooth payment solution using Blockchain technology. Founded in 2016 and listed on NGM Nordic SME, their goal was to provide both customers and e-merchants with a hassle-free crypto payment experience.

The challenge

They faced the challenge of developing a platform to facilitate cryptocurrency transactions. They needed to build two key components of their business: an Affiliate Flow system for cryptocurrency registration and trading, and a Merchant Payment solution for fast and secure payments. They also required robust security measures and integration with third-party services.

The solution

Team FiftyFive collaborated closely with the client to transform their ambitious vision into reality. Acting as an extension of the client’s workforce, we harnessed their expertise across diverse technologies to deliver an array of pivotal solutions. Firstly, we crafted a top-tier Merchant Payment solution, a cornerstone of the client’s operational framework, designed to expedite payment processing and settlements. Additionally, we introduced an array of essential Platform Functionalities, including robust profile verification mechanisms to combat money laundering, smooth third-party integrations, and the development of a white-labeling feature tailored for casino operations. Complementing these advancements, the team constructed a resilient Affiliate Flow System, streamlining cryptocurrency registration and trading. In the realm of technology, PHP, Laravel, and MySQL powered the Affiliate Flow System, while Python, Django, and React were the driving forces behind the Merchant Payment solution, ensuring a well-rounded solution for the client’s crypto journey.

The outcome

The team of tech experts not only successfully addressed the client’s concerns but also delivered a top-quality solution that brought about several significant outcomes. Firstly, we bolstered security measures within the solution to ensure the utmost safety of transactions. Additionally, we optimized payment flows, introducing a merchant back office for transaction monitoring and an admin back office system for administrative functions. Process improvements were also a key focus, with the team implementing code optimization, adopting a test-driven approach, and efficiently hosting over 30 domains with multiple user interfaces. These efforts collectively elevated the client’s crypto journey by creating a highly responsive platform, establishing an independent design system for effective branding, and ultimately delivering an exceptional user experience.

In summary, the collaboration between the client and FiftyFive led to the successful development and deployment of innovative solutions, greatly enhancing the ease and security of cryptocurrency transactions for both customers and merchants alike.

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The story

The challenge at hand revolved around the cumbersome process of managing accounting records using the widely used software, Tally. While businesses recorded their day-to-day transactions in Tally, they also maintained physical copies of these transactions in hard copy files. Over time, this led to the accumulation of a vast collection of files, making it arduous to find specific records when needed. This not only wasted time but also contributed to the wastage of paper, a concern for the environment. The solution was to digitize these documents, creating a paperless environment to enhance productivity and reduce the environmental impact.

The challenge

Challenges in this revolved around time-consuming and labor-intensive tasks associated with maintaining physical accounting records. The manual upkeep of paper files imposed significant time and effort constraints, resulting in elevated manpower costs. Moreover, managing records both in Tally and physical files led to redundant work, exacerbating the efficiency dilemma. Retrieving specific documents from an extensive collection of physical files proved arduous and inefficient.

Furthermore, manual data entry from physical records into the accounting software introduced delays and a risk of errors, compounding the operational challenges faced by the organization.

The solution

The solution entailed the development of a dedicated application designed to optimize the management of transaction records, invoices, and bills generated during financial periods. This comprehensive solution introduced various advantageous features, such as a centralized in-house database, offering convenient access to records, liberating valuable manpower resources for more strategic tasks, and delivering daily, weekly, and monthly insights to top management.

Additionally, the app facilitated the digital transformation of all documents, reducing paper usage and its environmental impact. It also offered a user-friendly dashboard for monitoring document health, audit reports, and tags, enabling seamless synchronization of documents with accounting transactions, and provided comprehensive information on vouchers, users, and storage utilization. Moreover, it simplified access to recent files and allowed users to bookmark important documents, all while facilitating bulk downloading of vouchers for enhanced efficiency and productivity.

The technology stack employed in the development of this application was a well-rounded combination of various tools and frameworks. On the frontend, Flutter, Dart, and Riverpod were utilized to craft a user-friendly and cross-platform user interface. For the backend, Java and Spring Boot were deployed to handle server-side logic and API development, ensuring robust functionality. Additionally, the incorporation of PyTorch in the AI and ML domain hinted at potential applications for advanced capabilities, although specific use cases were not explicitly outlined.

The outcome

The successful implementation of this solution yielded multiple advantages. It streamlined the accounting process, offering a more accessible means for managing entries, while also providing insightful reporting through user-friendly dashboards and reports. Consequently, daily operational insights became readily available.

Moreover, the solution resulted in substantial time savings by optimizing manpower resources, thus reducing operational costs. One of the significant achievements was the consolidation of accounting and Tally-related processes into a single platform, enhancing efficiency. Additionally, the implementation introduced various user roles, each with specific permissions to ensure effective application management and access.

These roles encompassed the Admin, responsible for comprehensive user and company management, the Manager, with slightly restricted access similar to Admin, the Auditor, authorized to approve/disapprove vouchers as needed, the Accountant, granted access to specific features but without authority to manage requests, approve/disapprove vouchers, or delete files, the User, with diverse permissions like adding, downloading, deleting, renaming, and locking files, and Read-Only Users, limited to accessing the dashboard without the ability to modify files.

Planning to outsource software development services?
Contact sales, to start a project, now.