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Invoice Trading for Businesses Willing to Make Profits

Financial Services
Investments
Kundenbewertung
4.9
Diese Bewertung spiegelt unsere Kompetenz und unseren Erfolg wider
Invoice Trading for Businesses Willing to Make Profits

About the client

Andersen's customer, in this case, was a company with a specific business model in mind. They needed a modern and scalable platform for invoice trading. The bottom line was that investors bought unpaid invoices at a discount as short-term invoice trading can help businesses in need of liquidity.

Location:Germany
[object Object] on the map

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.

duration28 months
technologies
Node.js
React
Material UI
RDBMS
NoSQL
streaming

Other:

ETL, data warehousing, xUnit/JUnit

Concept illustration
Dashboard with data and statistics

The customer wanted a bidding model where a trading infrastructure would allow sellers to invest in supplier invoices. In order to release working capital, the seller (registered with the platform) puts an invoice, payable within a month by their debtor (also registered with the platform), for sale.

The resulting product was expected to include:

  • Currency exchange in real-time;
  • An electronic wallet for all users;
  • Real-time dashboard to display investment details and information about all transactions.
Concept illustration
List of clients with payment details

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.

The following solutions have been implemented:

  • 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.
Concept illustration
Workflow of the invoice trading platform

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.

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