Client Overview

Our client, a UK-based financial adviser agency, required a sophisticated web application for cashflow forecasting. Financial advisers needed an intuitive tool to collect personal and financial data from their clients, analyze cash flow trends, and generate comprehensive financial reports. The client wanted a SaaS-based solution that could be licensed to other financial advisers on a pay-as-you-go basis.

Problem Statement

The financial advisers were reliant on complex spreadsheets to forecast cashflow, which led to inefficiencies, errors, and difficulties in sharing insights with clients. Key challenges included:

• Manual data entry leading to errors and inefficiencies.

• Lack of visualization tools to help clients understand their financial future.

• No centralized platform for multiple advisers to manage their client data.

• Inability to generate detailed reports in PDF format for client presentations.

Proposed Solution

Our team at Ingenious Infotech analyzed the client’s existing spreadsheet model, decoded its formulas, and translated it into a fully functional web-based financial forecasting tool. The application was designed to:

• Automate cashflow forecasting using predefined financial models.

• Visualize financial data with interactive charts and graphs.

• Generate reports in tabular and PDF formats.

• Provide SaaS capabilities allowing financial advisers to order when they need and pay as they go.

• Ensure cross-device compatibility for desktops and tablets.

Implementation

• Requirement Analysis & Business Mapping: Detailed study of existing financial spreadsheets and adviser workflows.

• Cloud-Based SaaS Development: Built a scalable, subscription-based platform.

• Data Integration & Formula Implementation: Converted complex spreadsheet formulas into dynamic backend calculations.

• User Interface Design: Developed an intuitive and responsive UI for seamless user interaction.

• Security & Compliance: Ensured data encryption and compliance with financial regulations.

Key Features & Innovations

Marketplace Module:

• Browse available subscription plans.

• Purchase and sign up for a plan as a financial adviser.

Financial Adviser Module:

• Account Management: Manage adviser profiles and settings.

• Client Management: Store and analyze client financial details.

• Payment Processing: Secure payment gateway for subscriptions.

• Purchase History: Track past transactions and plan upgrades.

• ATR (Attitude to Risk) Categories: Configure and manage risk assessment models.

• Cashflow Forecasting: Generate dynamic financial projections based on savings, income, expenses, and investment growth.

• Report Generation: Create comprehensive reports, including cashflow charts and tables, in downloadable PDF format.

Results & Impact

• Increased Efficiency: Automation reduced reliance on error-prone spreadsheets.

• Enhanced User Experience: A visually appealing and intuitive UI improved adoption rates.

• Scalable & Secure: The SaaS model enabled seamless onboarding of multiple advisers.

• Improved Decision Making: Data visualization tools helped advisers present clearer financial insights to their clients.