Apr 11, 2022
No image
Ongoing
Fiduciary
$100,000+
7-12 months
United States
10+
Service categories
Service Lines
Software Development
Domain focus
Banking & Financial Services
Challenge
The customer contacted us to develop a complete web system to generate a Probate Report based on data imported from an accounting application. This was being done manually, which was inefficient and costly. The company desired to replace expensive intellectual human labor with an application that generate automated reports.
There were two major challenges that our team needed to overcome:
1) Time Inefficiency. The time spent on annual documentation packaging was too excessive.
2) Excessive Cost. Annual state reports for customers of the trust company were filled out manually, and theirs cost was substantially expensive.
The customer contacted us to develop a complete web system to generate a Probate Report based on data imported from an accounting application. This was being done manually, which was inefficient and costly. The company desired to replace expensive intellectual human labor with an application that generate automated reports.
There were two major challenges that our team needed to overcome:
1) Time Inefficiency. The time spent on annual documentation packaging was too excessive.
2) Excessive Cost. Annual state reports for customers of the trust company were filled out manually, and theirs cost was substantially expensive.
Solution
Our experienced development team listened to the unique needs and demands of Soloway Fiduciaries. Relying on the communication, the expert analysts drafted a technical outline for developing a comprehensive and scalable web system that accomplishes the following tasks.
Data Collection
Sorting & Categorization
Regulatory Evaluation
Report Generation
Our experienced development team listened to the unique needs and demands of Soloway Fiduciaries. Relying on the communication, the expert analysts drafted a technical outline for developing a comprehensive and scalable web system that accomplishes the following tasks.
Data Collection
Sorting & Categorization
Regulatory Evaluation
Report Generation
Results
With the brief in sight, our development team created an automated, scalable, and reliable web system that accomplished the following tasks:
Cost Efficiency and Time Saving. The expenses of report preparation costs were slashed by 75%, time spending was reduced substantially giving business the opportunity to improve its profit margin and spend its resources smartly.
Service Quality. While the time spent on document preparation is far less, the quality of web system work achieved is identical to an expert.
Removing Redundancy. As the web system is feature-rich and scalable, it fully replaced the accounting application for the fiduciary business.
With the brief in sight, our development team created an automated, scalable, and reliable web system that accomplished the following tasks:
Cost Efficiency and Time Saving. The expenses of report preparation costs were slashed by 75%, time spending was reduced substantially giving business the opportunity to improve its profit margin and spend its resources smartly.
Service Quality. While the time spent on document preparation is far less, the quality of web system work achieved is identical to an expert.
Removing Redundancy. As the web system is feature-rich and scalable, it fully replaced the accounting application for the fiduciary business.