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Automated Invoice Calculation Mobile Application Development

inoxoft.com

Financial services

Business services

Information technology

Challenges with Manual Invoice Processing

The client faced inefficiencies and increased costs associated with manual invoice calculation processes. This resulted in time-consuming data entry, potential for human error, and difficulties in achieving self-sufficiency in their accounting operations.

About the Client

Inoxoft is a financial technology company specializing in developing automated solutions for accounting and financial management.

Project Goals

Automate the invoice calculation process.
Reduce manual data entry and associated errors.
Improve efficiency and speed of accounting operations.
Provide a self-sufficient solution for invoice processing.
Reduce operational costs related to accounting.

Functional Requirements

Automated invoice calculation based on various factors (e.g., discounts, taxes, shipping).
User-friendly interface for data input and review.
Invoice history tracking and reporting.
Integration with existing accounting systems (e.g., QuickBooks, Xero).
Role-based access control for data security.

Preferred Technologies

Mobile development (iOS and Android)

Cloud-based backend (e.g., AWS, Azure, Google Cloud)

API integrations

Secure data storage

Required Integrations

QuickBooks API
Xero API
Payment gateway API

Non-Functional Requirements

Scalability to handle a growing number of users and invoices.
High performance and responsiveness.
Robust security measures to protect financial data.
Data encryption at rest and in transit.
Compliance with relevant data privacy regulations (e.g., GDPR, CCPA).

Expected Business Impact

The successful implementation of this mobile application is expected to significantly reduce operational costs, improve efficiency, minimize errors, and provide Inoxoft with a competitive advantage by offering a streamlined and automated accounting solution to its clients. It will also free up staff resources for more strategic tasks.