Invoice Trading for Businesses Willing to Make Profits

Project Scope

The customer's request was to build a modern scalable platform for invoice trading. The bottom line was that investors bought unpaid invoices at a discount, and short-term invoice trading can help businesses in need of liquidity. Using an invoice trading platform offers many benefits for businesses and investors – this way of financing is cheaper and faster than a business loan, overdraft, or traditional short-term financing.

• Currency exchange in real-time;
• An electronic wallet for all users;
• Real-time dashboard to display investment details and information about all transactions.

Solution

Andersen's team has developed a platform that manages automatic bidding processes for buyers on the one hand and fast and reliable funding for sellers on the other hand.

• Cloud infrastructure with highly scalable application architecture, including deployment automation for seamless integration and code versioning developed by our architects;
• An invoice bid system, implemented as an automated investment module that helps buyers automatically bid on new invoices with predefined preferences;
• Support for multi-currency, implemented in order to expand the preferred options of the target audience, as well as foreign currency exchange that was introduced to help potential buyers when trading different currencies;
• Individual dashboards for sellers, buyers, and agents;
• An online trading platform facilitating the trading process and increasing market share through technology.

Project results

• The online invoice trading platform has gained decent market access and continues to expand. This product is successful, so the customer has managed to collect several rounds of capital funding.
• The number of clients using the platform services has significantly increased. Much more invoices have been sold since the project delivery.