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Financial reporting and analysis platform
Our partners, Fulcrum Rocks, a design and development company from Kyiv, requested to build a financial analysis and reporting platform for their internal use. To streamline Fulcrum’s financial monitoring we’ve built FAIR (Financial Analysis & Insights Repository), financial planning software based on spreadsheets to fit their unique needs. FAIR was designed to elevate reporting and analytics and improve business performance without changing the company’s working methods. The tool allows the users to craft custom reports, and create strategic budgets.
Client
FAIR
Industry
Fintech
Platform
Web App
Services Used
Product Development, Discovery
Tech Stack
React, TypeScript, Redux, Node.js, Express.js,
PostgreSQL, Docker, AWS Lambda, AWS EC2
PostgreSQL, Docker, AWS Lambda, AWS EC2
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The Challenge
Unhappy with the solutions available on the market, Fulcrum for a custom financial planning software tailored to their internal needs and processes:
Simplifying financial data: Streamlining processes for team members and department leads without accounting expertise.
Custom financial reporting: Enhanced reporting capabilities to generate detailed and customized financial reports for internal review.
All-in-one reporting: Improve financial health by tracking P&L statements, balance sheets, and cash flow reports, to identify patterns to build forecasts.
Custom financial reporting: Enhanced reporting capabilities to generate detailed and customized financial reports for internal review.
All-in-one reporting: Improve financial health by tracking P&L statements, balance sheets, and cash flow reports, to identify patterns to build forecasts.
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Our Approach
User interviews: We’ve conducted a series of user interviews and workshops with key team members to get a deeper understanding of their needs.
Compliance reporting: To have everyone work in the same templates and keep things up to the same standard across all departments.
Custom financial tools: Created custom dashboards, showcasing a financial scorecards, profitability analysis, cash-flow trends, and smart debt management tools.
Compliance reporting: To have everyone work in the same templates and keep things up to the same standard across all departments.
Custom financial tools: Created custom dashboards, showcasing a financial scorecards, profitability analysis, cash-flow trends, and smart debt management tools.
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The Solution
Holistic financial management: A platform offering a complete view of Fulcrum’s financial scorecard, including profitability analysis, and intelligent cash flow forecasting.
Efficient data input: Streamlined data input processes to ensure quick and error-free financial data entry including file upload functionality.
Financial statement automation: Simplified the generation, updating, and analysis of key financial statements for better tracking of revenue, costs, and expenses.
Ad-hoc reports: Ability to pull specific data sets to create reports the team wants to see. The software includes templates for various needs that make reporting fast and easy.
Performance reporting: Functionality to set goals and compare them to real-life data, monitoring KPIs, trends, and insights for strategic decision-making.
Efficient data input: Streamlined data input processes to ensure quick and error-free financial data entry including file upload functionality.
Financial statement automation: Simplified the generation, updating, and analysis of key financial statements for better tracking of revenue, costs, and expenses.
Ad-hoc reports: Ability to pull specific data sets to create reports the team wants to see. The software includes templates for various needs that make reporting fast and easy.
Performance reporting: Functionality to set goals and compare them to real-life data, monitoring KPIs, trends, and insights for strategic decision-making.
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The Results
Reduced errors: Streamlined financial management processes have significantly reduced manual data entry errors by 40%.
Increased efficiency: Financial data input and processing time have decreased by 50%, enabling a more insightful and faster decision-making.
Improved financial oversight: The platform has enhanced Fulcrum’s ability to track trends, and generate reports offering a comprehensive view for strategic budgeting.
Increased efficiency: Financial data input and processing time have decreased by 50%, enabling a more insightful and faster decision-making.
Improved financial oversight: The platform has enhanced Fulcrum’s ability to track trends, and generate reports offering a comprehensive view for strategic budgeting.
Here’s what Fulcrum says about the collaboration with us:
"Their proactive approach ensured that the project was delivered on time and within budget."
Yuliia Pron, Manager at Fulcrum
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