apHarmony offers custom software development services for financial applications. We will be happy to bring our experience to your project, whether it requires developing new financial software, integrating with existing financial software, or supporting and maintaining an existing application. Please feel free to give us a call at 630-855-7522 for a free consultation.

The primary areas of developing in financial software are Accounts Receivable, Accounts Payable, Inventory Control, Raw Materials Inventory, and Analysis / Reporting. Since important financial decisions are made on the basis of the data, it is of utmost importance that the software is reliable, well-built, and secure. A proven development methodology and extensive testing are a must when deploying a financial solution for an existing business.

The foundation of many accounting packages is a general ledger. This is often implemented directly in the database, and triggers and access permissions are used to make sure that it is tamper resistant. A full audit trail is a must for any financial software, to see exactly which changes were made by which user, at what time. Additionally, access logs on the server can track where the traffic originated, and firewall logs should be inspected at regular intervals for suspicious activity.

For mid to large-size businesses, cloud-storage of financial information is not recommended, due to the inability for direct control of cloud data. Local storage with a reliable backup system, security protocols, and disaster planning will result in a better long-term solution.

Financial software can also require integration with third-party services, such as payment gateways and payroll companies. It is important to thoroughly evaluate the provider, both from a technology standpoint and business standpoint. Security loopholes can cause serious problems down the road, while mergers or deprecation of a gateway will result in costly work to redo the integration further down the road.

For a free consultation on a financial software development project, please feel free to give us a call at 630-855-7522.