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Asset Management Platform Development To Help In Better Financial Choices

Virgil-Proper-Landing-Image
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

React-Tech-Stack-Virgil-Proper

React.js

Node-Tech-Stack-Virgil-Proper

Node.js

SQL-Tech-Stack-Virgil-Proper

SQL

Figma-Tech-Stack-Virgil-Proper

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.