Web system for fiduciary business automation
Web System for Automating Fiduciary Business: Expectations and Requests
The client approached us to develop an all-encompassing web system aimed at optimizing the document and report creation process for various tax authorities in California, USA. Our team faced two primary challenges:
1) Time Inefficiency - The amount of time required for annual document preparation was excessive.
2) High Costs - The annual state reports for the trust company's clients were filled out manually, resulting in significantly high costs.
Solution and Outcome
With the objectives clearly outlined, our development team built an automated, scalable, and reliable web system that achieved the following:
- Cost Efficiency and Time Savings: We reduced report preparation costs by 75% and significantly cut down the time needed, allowing the business to enhance its profit margin and allocate resources more effectively.
- Quality of Service: Although the time required for document preparation decreased, the quality of work produced by the web system matched that of an expert.
- Elimination of Redundancy: The feature-rich and scalable web system completely replaced the accounting software used for the fiduciary business.
Technologies and Tools: NET Framework 4.7.X (C#), EF Core, Azure Functions, Azure SQL, Azure Storage (Containers, Tables, Queues), Azure Application Insights.
Project Timeline:
The project commenced in 2018 and, as our team worked on designing and implementing this robust solution, the client chose to continue partnering with us for the maintenance and upgrades of their web system.