Investment software development: 95% time savings on financial reporting
Challenge: Modernizing investment analytics software with real-time updates, automated statements, and data visualizationOur clients platform for investors delivers analytical information on their assets and investment projects. The platform is built on vast databases and integrates with multiple third-party APIs, allowing users to access financial data, track stock market trends, and request analytical reports. The incoming data from services like Bloomberg is parsed and stored in the platforms data warehouse.
Data packages were only provided once every 24 hours, which proved inadequate in a rapidly changing investment landscape. The lack of timely updates meant investors were unable to access the latest statistics, historical data, and company information.
Another issue was the semi-automated compilation of government reports, which involved complex analytical calculations. The manual process of filling out these reports was time-consuming and prone to errors.
To improve the system, our team was tasked with implementing new functionality for visualizing analytical data and financial reporting. This involved inputting stress factors and creating embedded modules for customizable financial analytics. Additionally, we focused on automating government reporting to reduce the time required for this task.
Solution: Enhancing investment analytics software with third-party services, automated reporting, and real-time analytics
Our team has made significant improvements to the platform by expanding the integration with Bloomberg and fully automating reporting processes. We have also developed a state-of-the-art module for predictive financial analytics. These features empower users with up-to-date information about their portfolios and companies, facilitating data-driven investment decisions.
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