Enabling Dynamic Financial Reporting

Background

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The digitalization era has sparked many innovative transformations in several industries, including financial management. More versatile digital solutions are now replacing traditional working methods. This movement has also given birth to a new term, called electronic financial management. The term refers to a more efficient and seamless financial management process by utilizing online tools. For entrepreneurs, SMEs, and those who are responsible for financial management in their companies in Finland, Procountor is a familiar name.

Procountor is a web-based financial management software, similar to an online banking service, making not only payments possible, but it enables additional features as well, including sales invoicing and accounting. The software also allows the company to manage its finance status irrespective of space and time.

Our partner, True Diamonds, has been using Procountor to keep track of their accounting books and monitor their financial process. However, the financial management software does not provide the customized features that our partner was looking for.

Project Highlights

Created a solution that is functional on any cloud provider (AWS, GCP, Azure) and any database (PostgreSQL, MySQL, MSSQL)
Fast iteration and feedback with high accuracy
Reduced development cost
Portable and reusable for other projects

The Challenge

The reports retrieved from Procountor did not have the required customized features that True Diamonds was having in mind. Consequently, the company would like to produce their own accounting reports using Procountor’s existing accounting data.

Here comes the problem. The existing solutions that aim to synchronize Procountor’s accounting data to one’s own database are not suitable for customization, which goes against True Diamonds’ preferences.

Furthermore, the company also wanted a solution that is portable and independent of any cloud platform provider, meaning AWS, GCP, and Azure. However, their company does not have an in-house development team nor do they plan to build one anytime soon in the future. Hence, Reactron Technologies came to the scene and became a fundamental piece in their internal team to help solve these problems.

Results

The dockerized RESTful service functions with a high level of accuracy and performs the required tasks accordingly. Moreover, Reactron Technologies took an extra step and advised True Diamonds on choosing the pull-and-compare based data syncing option over the full copy-based one as we believe the former option yields better results.

In fact, the whole project went smooth and fast thanks to the agile working method that Reactron Technologies and True Diamonds managed to successfully collaborate. We produced constant feedback in every phase of the project, which enabled fast iteration and a result that made both sides very happy.

About True Diamonds

True Diamonds Think & Do Tank was born out of the movement aiming at enhancing the focus on the well-being of today’s working and management culture. They want to create a world where there are trust and room to breathe, not just to get out of breath.

True Diamonds hopes to create a working culture that is based on trust, openness, respect, finding purpose, sharing, and experimenting, through training programs, workshops, and personal coaching sessions.

Explore more on their website: https://www.truediamonds.fi/