A FinTech Tool for Treasury Management

Project overview

The customer supports clients across different domains and with specific requirements and needs. In this capacity, it required Andersen's assistance to build an advanced FinTech solution with multiple complex functionalities.

Key functionality

Owing to the contribution made by Andersen's FinTech development experts, the customer obtained a platform with extensive capabilities. The solution that we have delivered is a mobile app for transaction management, instant transfers between accounts and cards, etc. It is also available as a web-based app. Namely, the solution offers:

• creating cost centers with multi-level permissions and budgets;
• integrating the solution with other accounting and finance systems; managing all deposits, inflows, payments, expenses, and foreign exchange in 15 major currencies from a single account.

• scanning and tagging receipts;
• setting individual transaction limits and balances;
• loading multiple cards in a single step with batch uploads;
• receiving real-time transaction alerts;
• uploading receipts and label transactions;
• importing transactions to accounting systems;
• exporting card transactions in PDF or XLS formats.

• making fast, secure, and cost-effective payments within seconds and with no limits;
• sending single or multi-currency payments individually or in batches;
• choosing from SWIFT, SEPA, Faster Payments, and other local payment networks;
• making free-of-charge instant payments across the customer's network;
• integrating batch payments with external finance and accounting systems;
• setting multi-tiered permissions and approvals to manage payments and beneficiaries;
• managing payments with comprehensive reports generated in real-time.

• generating and tailoring reports in accordance with exact requirements for analysis and reconciliation;
• viewing real-time or historic transactions;
• tailoring consolidated, easy-to-read reports for multiple accounts and cards;
• integrating data import and export with an external accounting system;
• setting a default fee currency for each card (in GBP, USD, or EUR);
• downloading receipt images for expense reporting and management.

Project results

• The advanced FinTech solution has successfully entered the UK and US markets;
• The transaction processing costs have been lowered by 25%;
• The customer's team has grown threefold.

Customer review

Business Analysis aspects

The delivered solution is based on a well-thought-out microservice architecture, which ensures maximum flexibility and adaptability. As a result, this solution can be successfully used by a variety of heterogeneous audiences with different needs and requirements. On top of that, it can be used on mobile and web platforms with equal convenience. Even the most challenging and demanding domains can be served by the developed functionalities.