Development of innovative expense management application

Development of innovative expense management application

time-icon 5 min

IN A NUTSHELL

30% improved clarity regarding spending habits and expense management
70% decrease in late fees and penalties due to timely payment reminders

About Client

The client is a leading institution pioneering innovative financial management solutions, known for expertise in strategic planning, risk management, investment advisory, and fintech integration.

01

The Challenge

After conducting a detailed research, the client identified two key challenges users faced in expense management. Due to disorganized record-keeping and manual tracking, transactions would often get overlooked since users heavily relied on scattered notes or piles of receipts. To address these issues, the institute aimed to develop a comprehensive expense management application that would serve as a holistic financial management tool.
02

How we helped them

To address the challenges of the client, Ciklum developed a user-friendly application aimed at simplifying expense tracking and financial management through a suite of highly effective features. This application enabled users to remain timely notified, get clear dashboard snapshots for upcoming expense reminders, and gain insights into income, expenses, and remaining balance. With Expense Manager, users can effortlessly manage credit/debit cards through scanning or manual entry, along with themed choices. The key focus was on simplicity and convenience, as the app serves as a valuable tool for staying financially organized and on top of expenses.

03

The results

30% improved clarity regarding spending habits and expense management
70% decrease in late fees and penalties due to timely payment reminders

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