Automated auditing solution for a family investment fund
Challenge
Our client, a French family investment fund, provides loans and builds business centers, call centers, and fintech services under a B2B2X model. The business is currently planning expansion to a new EU market. There’s a child company with its own management. At the same time, the organization is actively developing its proprietary solution to meet the regulations and requirements, but was relying on the legacy solution at the beginning. This parent solution is still planned to be used for analytical and reporting services to collect, check, and audit the data associated with loaning, including repurchases and status updates.
The key challenge: a lack of a unified system for financial data management, with inconsistent reporting schedules, delayed or incomplete transactions, and high security demands. A quick, cost-effective proof-of-concept automated payment matching for audit purposes was needed to validate the market opportunity before full rollout.
Our client, a French family investment fund, provides loans and builds business centers, call centers, and fintech services under a B2B2X model. The business is currently planning expansion to a new EU market. There’s a child company with its own management. At the same time, the organization is actively developing its proprietary solution to meet the regulations and requirements, but was relying on the legacy solution at the beginning. This parent solution is still planned to be used for analytical and reporting services to collect, check, and audit the data associated with loaning, including repurchases and status updates.
The key challenge: a lack of a unified system for financial data management, with inconsistent reporting schedules, delayed or incomplete transactions, and high security demands. A quick, cost-effective proof-of-concept automated payment matching for audit purposes was needed to validate the market opportunity before full rollout.
Solution
After analyzing the client’s case, our Discover Team promptly identified a viable and strategic idea, and our developers started implementing it, guided by a clearly defined roadmap and Agile methodology. Thus, we addressed all the pain points for an optimal solution by completing the following tasks:
- Developed a new API with financial data integration across legacy and custom platforms for collecting payment and loan data from multiple sources, transforming it into a unified system
- The integration of electronic document management and the seamless app migration to cloud enhanced documentation workflows, making employee onboarding and digital adoption significantly more efficient
- Enabled historical data reprocessing and consistency checks for accurate auditing
- Implemented logic to handle repurchased deals and resolve conflicts between systems
- Made an automated audit system for investment fund reporting more adaptable, with easy configuration via database controls
- Smarter cloud-based infrastructure with scaling built for peak performance
- Ensured the platform remains scalable and adaptable, supporting growth and quick adjustments before market entry
To make this all possible, we chose a modern tech stack including .NET Core for robust backend development, Azure Functions for scalability, and Azure SQL for secure, cloud-based data management. On the frontend, React and CSS delivered a responsive and user-friendly interface that made interaction with the app more convenient.
After analyzing the client’s case, our Discover Team promptly identified a viable and strategic idea, and our developers started implementing it, guided by a clearly defined roadmap and Agile methodology. Thus, we addressed all the pain points for an optimal solution by completing the following tasks:
- Developed a new API with financial data integration across legacy and custom platforms for collecting payment and loan data from multiple sources, transforming it into a unified system
- The integration of electronic document management and the seamless app migration to cloud enhanced documentation workflows, making employee onboarding and digital adoption significantly more efficient
- Enabled historical data reprocessing and consistency checks for accurate auditing
- Implemented logic to handle repurchased deals and resolve conflicts between systems
- Made an automated audit system for investment fund reporting more adaptable, with easy configuration via database controls
- Smarter cloud-based infrastructure with scaling built for peak performance
- Ensured the platform remains scalable and adaptable, supporting growth and quick adjustments before market entry
To make this all possible, we chose a modern tech stack including .NET Core for robust backend development, Azure Functions for scalability, and Azure SQL for secure, cloud-based data management. On the frontend, React and CSS delivered a responsive and user-friendly interface that made interaction with the app more convenient.
Results
Our solution offers both immediate and long-term benefits for the client. First, we provided the business with a quick start and reduced time to market. Thus, it allowed for operations without the need to develop a proprietary system from scratch.
Although there are many solutions on the global market that partially or fully address this challenge, the product engineers created a custom solution that stood out for its effectiveness and flexibility. It is multifunctional enough to:
- Be sold to a new client as a ready-made solution
- Be easily adapted and reused in future projects
We enabled the client to efficiently test a new business niche by investing less than 90,000 EUR in system adaptation and avoiding building a solution from scratch for about 200,000 EUR with competitors. For less than half the cost of creating an entirely new system, the client received a practical solution to its business problems and saved money for more strategic tasks during market expansion.
Now, the client has a proven process for scaling in other subsidiaries without additional investment. With our ongoing support after delivery, we ensure continuous seamless performance of the solution and prompt response to any issues that arise. After this successful cooperation, we plan to proceed with offering our services to another investment fund in Europe, Patrizia SE.
Our solution offers both immediate and long-term benefits for the client. First, we provided the business with a quick start and reduced time to market. Thus, it allowed for operations without the need to develop a proprietary system from scratch.
Although there are many solutions on the global market that partially or fully address this challenge, the product engineers created a custom solution that stood out for its effectiveness and flexibility. It is multifunctional enough to:
- Be sold to a new client as a ready-made solution
- Be easily adapted and reused in future projects
We enabled the client to efficiently test a new business niche by investing less than 90,000 EUR in system adaptation and avoiding building a solution from scratch for about 200,000 EUR with competitors. For less than half the cost of creating an entirely new system, the client received a practical solution to its business problems and saved money for more strategic tasks during market expansion.
Now, the client has a proven process for scaling in other subsidiaries without additional investment. With our ongoing support after delivery, we ensure continuous seamless performance of the solution and prompt response to any issues that arise. After this successful cooperation, we plan to proceed with offering our services to another investment fund in Europe, Patrizia SE.