Financial Service Provider

They wanted BigOhTech to reinvent the financial system for small companies and startups, making financial services accessible with just a click, rather than through a lengthy and exhausting traditional banking process.

Problem

• Managing the financial system posed significant operational challenges.
• The client found it tedious to track, manage, and issue credit cards for various users within the organization.
• They wanted a dashboard to handle various activities like profile settings, account settings, cash flow statements, deposit funds, payment history, debit card-related activities, and access to FreshBooks or QuickBooks.
• The manual reconciliation of financial data was also complex, time-consuming, and prone to errors.

Our Approach

• BigOhTech developed a secure and scalable financial system (PCI and AODA compliant) to cater to tech-savvy firms expecting seamless financial transactions. Using AptPay API, we digitized the banking process.
• We designed and implemented a platform where organizations were assigned business accounts after KYB verification, and credit cards were issued to employees on behalf of their customers. Their transactions could be easily tracked and managed through a single dashboard.
• A single business account offered centralized control over the employees’ financial data, allowing it to be tracked and optimized from one platform. Both companies and individual payees were added under the organization’s account to manage their payments.
• BigOhTech automated the integration between different financial and accounting solutions using an advanced connector.

Benefits

• The financial system is easy for organizations to set up and use. Teams have adapted to it seamlessly.
• It allows the assignment of credit limits, expense tracking, and gaining insights through real-time spend tracking software.
• A unified dashboard supervises all transactions through a single platform.
• Companies can easily integrate and exchange their financial data between different accounting tools like QuickBooks and FreshBooks, and communication channels like Slack and Teams.