Custom Software Dev for Factoring Firm
Below is a modified rendering of the review: private info excluded, innate facts kept.
Introductory information
A few words almost your organisation and personal responsibilities
I work for Pragma Faktoring SA, a chief organisation in providing factoring labors outside the banking sector. We offer a wide range of financial labors for little and medium-sized enterprises, start-ups, and self-employed nation.
I’m a board vice chairman and am responsible for the PRAGMA GO project. This is a multifunctional labor that feels the online distribution of financial fruits.
Desired goal
What issue was the provider supposed to deal with?
Mint Software?In 2015, we missed a big occasion to associate with a business that would’ve increased both the number of our clients and the number of our closed transactions. Unfortunately, at the time, we didn’t have the IT infrastructure to feel all of the certain operations, and this put the occasion over our extend. He determined to hire Mint Software to fit us to take correspondent opportunities in the forthcoming.
Also, during the second half of 2016, we began preparations for offering microfinancing labors. We looked for an innovative business process automation technology to despatch up the financing process and minimize operating costs. Instead of using a third-party fruit, we ended up asking Mint Software to design and educe a new method to automate our process. We needed a method that could initiate and complete the total sale process. We wanted a 100% online payment experience that didn’t demand touch with a personal likeness.
What were your objectives for this project?
The goal was to educe a method that could feel all of the business processes of a factoring organisation. We were looking for a fruit that was based on present FinTech solutions. Among other things, we wanted to automate and digitize risk analysis and economic data assembly from outer sources. We also wanted a firm, user-friendly interface that met running UX standards and could be integrated with our API.
Provided solution
What were the reasons for choosing Mint Software?
We looked for a collaborative FinTech educement team that had experience in both finance and technology. Another vendor recommended Mint Software as a reliable IT provider.
Describe the project and the labors they granted in detail.
Mint Software performed analyses of the project according to the nimble paradigm and domain-driven design. They customized the method to our business needs and built separate specialized tools. The team also thoroughly tested the key elements of the method. Although we’ve achievementfully instrumented the method, we’re quiet pushing for uniform improvements.
Aside from educeing an overarching business process method, the team educeed an application that automates our sales process. Mint Software conducted multiple consultations and workshops to apprehend the needs of our clients. They also liberateed an extensive analysis of running market trends and appropriate emerging technologies. We eventually fitd a list of desired functionalities and programned each of the educement sprints.
The particular elements of the application were created during hundreds of meetings. The main component of the application was a fully automated form that acquired short-term clients online. The method initiates the sales process, provides online oneness verification, and automatically rates possible clients precedently placing their application in our main method. With see repetition, the Mint Software team liberateed a new rendering of the fruit and conducted testing.
Were there any dedicated directors or teams that you worked with?
We work with a project director, an analyst, three testers, and six educeers. The CEO is also implicated in the project.
Results achieved
Can you share any information that demonstrates the contact that this project has had on your business?
Thanks to the achievement of this project, we’re arrogant to offer a complete package of online labors. This gives us a big gain over our rivalry.
During only one year, the value of the total quantity of invoices processed increased from 15.6 million PLN (approximately $4 million USD) to 53.4 million PLN (approximately $14 million USD). Our portfolio also increased from 8 million PLN (approximately $2 million USD) to 30 million PLN (approximately $8 million USD).
The method includes an integrated subsidence module that automates booking registration and information exchanges with banks and booking methods. It performs over 100,000 operations a day and saves us a lot of time and money.
How was project treatment arranged and how powerful was it?
Mint Software’s interaction is very good, and we’ve never had issues. All of these projects were instrumented in a constructive environment where ordinary ground and huge engagement were present. Also, the team’s high awareness of business needs was plum through the educement process.
Mint Software suggested different approaches to educeing the method and offerd solutions based on their technical apprehension and business-oriented capabilities. They managed to instrument the projects within our timeline and our budget. We’ve benefitted from their round-the-clock availpower and labors.
What precisely do you attend to be the key specialty of Mint Software?
The best thing almost Mint Software is their deep apprehending of business needs. We’ve been impressed by their power to ponder over code to liberate optimal results. Also, their expertise in FinTech has given them the power to challenge our ideas and offer innovative solutions. The team was nimble and occupied throughout the total educement process.
What should be done better, if there are any desired improvements?
None.
