.NetCore Web Application Allows Smooth Coordination Between Vendors And Anchor Companies
About
The client is a fintech company, with an innovative structure to deliver a premium supply chain finance solution to buyers and their suppliers. They simplify the way buyers and sellers manage their payables and receivables by setting up a seamless, secure and intelligent supply chain financing program. The client approached Brainvire to develop a platform providing a working capital solution to maximize income for buyers and award early payment to suppliers.
Project Highlights
Brainvire’s development experts designed a a .NetCore application development that would allow coordination between vendors and anchor companies. We developed an application that will allow Anchor companies to settle the payments for its vendors by clearing the payments before the due dates. The vendors will raise invoices to the anchor firm which will fetch the data from their ERP system. They wanted to develop a Vendor Management System with two users, the Anchor Company and the Vendors. The client wanted an internal banking system to manage data from different vendors. We fulfilled this requirement by automating payment orders and transactions. The Brainvire team created financial calculators to perform tax, interest rate, and regression calculations. All the business-related complex calculations were addressed carefully and implemented in the system.
The Challenges
- Security Breaches:The client is worried about massive financial losses due to security issues.
- Multi-Vendor ERP Integration:The client wanted a multi-vendor ERP integration.
- Data handling:The data handling is one of the most challenging tasks we had to ensure that the data is properly managed and stored in the backend, while also ensuring that the frontend is able to access and manipulate the data.
- Complex Finance Calculations:The client wanted a solution to carry out complex calculations.
Tech Stack
Microsoft SQL Server
.Net core
Azure cloud
Amazon Webservices
ReactJs
React Native
Result
Secured Sensitive Data
Tokenizing helped to protect user's sensitive data by replacing the actual information with a unique identifier (token). Google-captcha is used to ensure that only genuine users are logged in, by verifying their manual inputs. This helps to safeguard the data from any malicious activities Encryption of data ensured that the sensitive information is safe and secure even if it is stolen or accessed by unauthorized users. This prevents any unauthorized access or misuse of data.Cross-Platform Functionality
The client wanted to enable cross-platform functionality to allow vendors and companies to exchange data from any system. Brainvire created a platform where users can manage their transactions, and invoices from any system in just one click.Multi-Vendors And Multi-Anchors Management
Brainvire’s team provided the integration of multiple data belonging to different vendors, anchors, and banking institutions to provide real-time data. This will maintain data accuracy and reduce redundancy. The system suggests the best offers or loan amount, that is defined by the complex algorithms written at the backend.Invoicing Discount Calculation
The application supports the process of choosing the invoice and discount calculation in an easy, fast, and hassle-free manner.
