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Asset Management Platform Development To Help In Better Financial Choices

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Virgil Proper logo

Idea

VirgilProper is a financial assistance company. They sought an asset management platform that would allow individuals and businesses to digitally record and track their assets rather than keeping a physical record. The application would then keep users up to date on the current worth of their assets, allowing them to make better financial decisions.

They reached out to Terasol Technologies for creating the Asset Management Platform application from scratch.

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Country

Namibia

Industry

Finance

Completion Time

4 Months

Team Size

5

Tech Stack

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React.js

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Node.js

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SQL

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Figma

Target Devices

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Expectations

01

Advance Asset Registration

They wanted users to register their assets category-wise in the application. For this, the platform had different classes in which users would register their assets for later administration.

02

Asset Schedule & Reconciliation

The application also generates a schedule and reconciliation table allowing users to view all of their asset information in detail. The table contains data regarding each asset class and all the investments and transactions related to each asset to help businesses gain deeper insights into asset management.

03

Depreciated Asset Record

Over time, every asset depreciates. However, keeping a physical record of current asset worth can be time-consuming. To aid users in avoiding this, the platform would calculate depreciated asset values for each class on a yearly basis and store them in a central database.

04

Cash Generating Unit Identification

Cash generating units are groups of assets working together to generate money. The application allows users to group cash-generating units together for their better administration.

Process

We developed the complete asset management platform from scratch. The client hired a dedicated development team from us which included a frontend developer, backend engineer, QA, designer and a project manager.

For the tech stack, we used React, Node.js, and SQL for crafting a secure and reliable asset management platform. Our team was constantly in touch with the client via Slack and provided regular updates.

With this, our team was able to maintain a rapid and feedback oriented development process which led to successful project completion.

Design System

Color

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Typography

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Icons

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Illustrations

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What We Delivered

Class-based Depreciation Value Calculation

Our team helped the client in implementing depreciation value calculation functionality by programmatically implementing it in the application to ensure error-free depreciation value calculation.

Consistent And Simplified UI/UX

We created a device friendly and easy to navigate user interface for the application. The easy to use UI allowed users to easily record and track their asset information for making better financial decisions.

Admin Management Dashboard

The client needed an easy to manage dashboard for their business. Our team created an easy to use admin panel dashboard which allows the admin to look into active users, inactive users, and pending requests. The dashboard also offers admin notifications regarding recent changes made by users to ensure they can track requests and registrations with ease.

User Account Management

Our team also ensured that users could easily log in, verify, and register their assets. For this, the module enables users to securely register via OTP during the login process user can select only out of three options available which are:

  1. International Financial Reporting Standards (IFRS)
  2. International Public Sector Accounting Standards (IPSAS)
  3. Generally Accepted Accounting Practices (GAAP) After registration is completed they would receive a confirmation email through which they can log in and record their assets with ease. Making onboarding and using the application a breezy affair for users.

App Screenshots

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What Client Says About Our Work

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Customer Support

 

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Value for Money

 

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Quality of Deliverable

 

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Overall Ratings

 

Virgil Proper logo

"I contracted the development of a portable Mobile application I was developing to Terasol Technologies and I was really impressed with the display of patience and professionalism. I found working with Terasol Technology very rewarding and I would certainly recommend them to anyone looking at software solution at competitive price."

- Founder, VirgilProper 🇳🇦

 

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