Profitability Analysis Software for Business Entities

One of the greatest challenges every entrepreneur has to face on a daily basis is constructing a realistic financial roadmap that would help the entity achieve set goals and build effective processes and communication. Typically to achieve that, a business owner has to spend hours analyzing multiple factors, making calculations, and developing different kinds of scenarios. The whole process is extremely cumbersome, and the results depend on the human error factor a lot, as even the tiniest mistake made due to poor attention or fatigue can nullify all the efforts.Luckily, the rapid development of innovative technology eliminates the need for time-consuming data analysis. Big Data can be processed in a matter of seconds, providing the user with the calculation results essentially in real time as they make the changes.Our client was willing to make a quick and precise profitability analysis software not only available to entrepreneurs like themselves but also make this solution as adapted to the business owners' needs as possible. To achieve that, the core functionality of the platform includes two unique features: profitability modelling and scenario planning. Both simplify decision-making and help the user come up with a realistic business plan backed up by data.

We started the cooperation process with business analysis to identify and eliminate possible drawbacks that could have a negative impact on the project’s future or the development process.One of the requirements for the system was scalability. Light IT Global built the platform in such a way that it can easily accommodate 500,000 simultaneous users. Django apps contain business logic, perform necessary calculations and data transformations. They are stored project-wide. E.g. there’s an app that handles customer subscriptions, an app that stores integrations or an app that stores information about entities related to business plan building.As the central feature of the tool is to compute “Profit and Loss” financial results in real-time and present said results in the form of interactive charts, Light IT Global used server-side rendering. It helped to optimize the system’s performance, minimize the time required for the page load, and improve indexation.The QA team performed all the necessary testing procedures, including API testing (via Pytest), functional and non-functional testing (usability, GUI, and load testing).

The profitability analysis software developed by Light IT Global combines ease of use, an intuitive UI, and modern design with powerful algorithms that instantly process diverse data, analyzing hundreds of variables at once.A user is in full control over the business scenarios that need to be analyzed and has numerous customization options to adapt the forecast to the specifics of their business (e.g. ability to add unique products or services, create plans that represent possible development strategies, etc.)Unlike the competitors, who offer cashflow/revenue modelling, our client’s platform focuses on profitability modelling, which includes both revenue and expenses. This allows the entrepreneur to see the whole picture, not the isolated parts of it and work with realistic business scenarios.An instant planner helps to visualize risks that come with different decisions, identify outcomes and impacts, come up with the most beneficial strategies, and model profitability accordingly.All of the complex calculations are performed automatically by the system and in real-time as the user changes the values of the existing components. So a business plan can literally be constructed and evaluated in a matter of few clicks.

The business idea our client had was truly unique. This gave the platform a serious competitive advantage over the budgeting tools that might be similar but still do not offer entrepreneurs the same level of usability and efficiency.Hundreds of small business owners use the platform on a regular basis, and even brands that have already made a name for themselves, like Puzzletown or Road Slim, trust our client with their planning and forecasting needs.Upon the project’s launch, it turned out that the solution could be used not just as a handy financial tool but as a training platform as well. Our client has offered the software to multiple universities in the US, and the feedback they received was positive.As the platform is easily scalable and extremely intuitive, it has great potential to become commercially successful not only on the national market but globally. No previous experience or special skills are needed to start using this tool. The users don’t even require onboarding as the system is intuitive and provides tips during the first interaction. Consequently, our client now has an opportunity to attract a larger audience of business owners that may require help with data-driven decision-making and accurate forecasting.