Open.money

With its ambitious growth trajectory and a commitment to expanding its suite of digital banking solutions, Open.money sought a reliable development partner to design and implement both web and mobile applications. The platform needed to be:

• Scalable, secure, and user-friendly for small businesses across various industries
• Fully integrated with business accounting, expense management, and payments to simplify business operations.
• Capable of supporting future fintech innovation, meeting high performance and security standards due to the sensitivity of financial data.

Supersourcing’s Solution

To support Open.money’s mission and deliver a product aligned with its vision, Supersourcing applied a multi-phase approach focusing on design, development, integration, and scalability.

1. Product Strategy and Roadmap We collaborated closely with Open.money’s leadership and product teams to define a clear roadmap. This involved identifying core functionalities, understanding user personas, and aligning on performance and compliance benchmarks to meet industry standards.
2. Web and Mobile Application Development Supersourcing’s team worked on creating a seamless cross-platform experience with dedicated features for both web and mobile. Key aspects included:
   • Intuitive Dashboard: A user-centric dashboard with real-time financial insights, allowing business owners to monitor cash flow, transactions, and expenses.
   • Integrated Payments and Invoicing: Features that enable users to manage invoices, process payments, and track receivables directly from the platform.
   • Automated Expense Management: Automation capabilities that categorize expenses, track budgets, and integrate directly with accounting software to streamline bookkeeping.
   • Data Security and Compliance: Given the financial nature of Open.money’s platform, we prioritized data security protocols, implementing end-to-end encryption, user authentication, and compliance with regulatory standards.
3. API Integration and Third-Party Services Supersourcing integrated several APIs to expand Open.money’s functionality, including payment gateways, accounting software integrations, and banking services. These integrations allowed Open.money to provide a one-stop solution for business financial management.
4. Quality Assurance and Testing Rigorous testing processes ensured the platform’s stability, security, and performance across devices. Supersourcing performed functional, usability, and security testing to meet Open.money’s standards, including load testing to handle high transaction volumes.
5. Deployment and Post-Launch Support After successful deployment, Supersourcing provided continuous support to Open.money, monitoring platform performance and implementing improvements based on user feedback. Our support ensured that Open.money’s platform remained resilient, adaptable, and ready to integrate new features as the company grew.

• User Growth and Engagement: Open.money’s streamlined, user-friendly platform led to a significant increase in active users and engagement, as SMEs found it easier to manage finances in a unified interface.
• Enhanced Operational Efficiency: Automation features reduced the manual effort required for bookkeeping and budgeting, allowing SMEs to focus on growth.
• Increased Trust and Security: With high standards for data protection and compliance, the platform fostered trust among users, an essential factor for fintech companies handling sensitive data.

Open.money appreciated Supersourcing’s agile development approach, technical expertise, and ability to adapt to evolving product requirements. By creating a robust and adaptable platform, Supersourcing helped Open.money fulfill its mission to revolutionize business banking for SMEs.