Business Plan for Fintech – A Case Study
Business Plan for Fintech - A Case Study
Background:
Our client is a US based consultant to Fintech companies. He advises them on creating annual budget considering existing resources and proposed initiatives. The process involves identifying skill matrix in the organization, mapping it to existing projects, services; identifying new business propositions through department heads, converting them to common initiatives and fund them to transform into programmes with clear objectives.
Business Challenges:
Presently entire process is managed through multiple excel files. The methodology developed by client is very complex and he is the only person having knowledge about it. The business model restricts the growth as he has to be physically present at all the clients to execute planning. Automating the entire process would reduce the dependency on the client and he can serve multiple clients simultaneously
Solution Proposed:
e-Stone developed a web based SAAS application, having independent databases for each customer for the data security reasons. As the data structures are quite complex, NoSQL database Is used. The platform is highly configurable to accommodate variety of processes followed in different Fintech companies. The platform has multiple subscription plan to choose from and client get access to specific functionalities based on the subscription.
The platform supports workflows in the organization and generates analytics at each stage. A simple drag drop features enables users to create plans on the fly. Data is represented in meaningful graphical formats for ease of collaborative decision making. Users can create multiple versions of business propositions, initiatives and pick up desired one after deliberations.
Technology Stack:
Ubuntu Server 20.04, Apache Web Server 2.4.41, React 18.0, MongoDB 5.0.4, PHP 7.4, Laravel framework 8.0
Business benefits:
The platform enables collaboration of senior executives across geographies, lines of business, departments and functions, using real time decision making methods and tools, which results in planning for major investments in business, operations and technology initiatives every year.
