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Business Intelligence: An AI-based Financial Planning System

Overview

Austrian FinTech company asked Sprinterra to develop a web-based financial planning platform to manage cash flow, planning, forecasting, and invoice tracking. The customer requested a custom reporting tool and an integration with specific third-party apps, banking applications, invoice and payment systems. Target users – small and midsize businesses in the EU.

Challenge

Sprinterra had to create a scalable AI-based SaaS web product to help business owners control their cash flow, and collaborate with their teams on financial forecasts and business development strategies on the same platform. The system also required a seamless API integration with multiple banks and financial institutions, in order to provide forecasting solutions.

Solution

The first step was to collaborate with the client’s team and build an MVP product packed with essential features for managing cash flow independently. Then, Sprinterra developed a comprehensive SaaS platform with extensive functionality and user-friendly features. Leveraging best practices of development in Python (Django), OpenBanking and AWS services, the platform was integrated with bank accounts and payment systems to import and AI-categorize transactions, analyze revenue and expense patterns, manage invoices, plan short- and long-term business strategies, consolidate financial data, and prepare custom reports for the stakeholders.

Today, Sprinterra continues to enhance the product by adding new features, integrations, and improvements. The platform now includes over 20 integrations to automate user workflows. Sprinterra also launched a mobile app with data visualizations for easy tracking of cash flow changes. In collaboration with the client’s team, Sprinterra provides high-quality customer support. Over 2,000 companies use the product for financial planning, with the Sprinterra team deeply involved in resolving complex user issues.

Technologies Used

Python (Django), PostgreSQL, Pandas, AWS, Integrations (finAPI, FlatFile, Zapier and others

Client:

FinTech Company

Country:

Austria

Project’s Timeline:

12 months + ongoing developing and upgrades

Discover more at: commitly.com

The “Commitly” application is available for download on both the Austrian Appstore and Google Play markets.

 

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