Thanks to low-code technology, financial institutions can create compliant financial applications at a fraction of the time and cost of traditional development. Betty Blocks offers a comprehensive application platform for building, customizing, and augmenting financial service software.
How Betty Blocks helps build financial services applications:
Build better inter-customer relationships by creating tailor-made solutions.
Pivot in tandem with industry regulations through scalable low-code capabilities.
Foster operational excellence through automatic workflows and processes.
Within the financial services sector, there is a pressing need for innovation and modernization of existing solutions. Digital-only banks, automated compliance checks, and intuitive mobile banking applications have become the norm across the entire industry. With the Betty Blocks low-code platform, financial organizations can keep up in the race for digital innovation.
With ever-changing industry regulations, there is a continuous need to improve how data is sent, handled, and protected by adding an extra security layer around internal financial systems.
Technical debt has become more prevalent in financial systems over the years. Augment cumbersome legacy systems by using low-code to customize and extend existing system capabilities.
There is an increasing consumer demand for personalized digital experiences. Low-code can help to customize existing customer-facing applications and portals.
By automating processes such as quote generations, customer checks, and claims processing, financial service organizations are cutting costs, reducing risk, and improving the customer experience.
Fintech startups continue to introduce new services, making it harder for rigid enterprises to keep up. A low-code platform offers an agile way of updating and developing financial software solutions.
Use the rapid prototyping capabilities of a low-code platform to align early on in the development stage on user requirements, resulting in applications tailored to the end user and with a much higher adoption rate.
Many Exact users experience issues with the outdated interface, which makes navigation difficult and hampers efficiency. There is also a lack of advanced features, which makes analytical tasks more cumbersome, especially for large enterprises. With Betty Blocks' low-code platform, the above issues can be addressed swiftly and securely.
Create an integrated hub that displays multiple external data sources in a centralized dashboard in Twinfield with a custom low-code connection.
An advanced analytics module can be created to provide users with forecasting and custom financial models, making the dashboard more intuitive.
Extend and automate billing and subscription lifecycle capabilities.
While Twinfield offers a solid bookkeeping system, some users have reported that the learning curve involved in mastering the platform is steeper than that of other accounting tools. Twinfield is also not optimized to handle large data sets, causing it to become slow and unresponsive when multiple data sources are involved. Constraints within the native API connections make resolving this issue difficult.
Create more intuitive workflows by creating automated workarounds with low-code.
Augment Twinfield by adding real-time data synchronization features, allowing for bi-directional data flows and improving load times.
Betty Blocks can act as a centralized integration platform between Twinfiel and other essential enterprise systems, vastly improving API connectivity.
Customers of Quickbooks have reported that the dashboard interface is often confusing and cluttered. Their multi-tiered pricing plan unlocks new features with each tier, driving up the price significantly just to be able to utilize basic tools. This also makes the interface feel crowded, as if features are just stacked on top of each other, and offers less of a natural workflow. Low-code can help with creating automated workflows and data imports that are much more flexible than Quickbooks’ original offering.
Augment the existing dashboarding tools with low-code to enable drag-and-drop reporting and automate data exports.
Build connections between Quickbooks data and business-critical ERP and CRM systems for increased usability.
Develop a context-driven AI support bot to help with the onboarding of new users.
Xero offers reliable accounting software for small businesses. However, businesses that wish to scale upwards are experiencing issues with the platform due to increased data loads and increased demand for advanced functionalities. The lack of solid API connections makes expanding the Xero tool suite a tough undertaking.
Develop advanced analytical reporting to keep up with business demands.
Use low-code and AI to create an insightful forecasting dashboard to support the Xero tool suite.
Create automated systems such as bank reconciliation using the Betty Blocks platform and connect it with Xero data.
Sage is an extensive business management tool that is quintessential in many financial organizations. However, Sage can be difficult for first-time users, lengthening onboarding time and decreasing productivity. Organizations looking to customize their tech stack may find Sage too rigid and hard to integrate with mission-critical ERP, CRM, and payroll systems. Currently, users have no centralized ticketing system for logging performance issues.
Use low-code to create an interactive training platform for Sage tools to help onboard new hires.
Create a drag-and-drop workflow builder that allows users to design and implement custom workflows and automate repetitive tasks.
Build a central ticketing system with emphasis on the priority and severity of the issue.
.png){kind=logo}
