5 Important features your Financial Mobile App must have!

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In order to create a future of insurance and mobile banking, numerous fintech developers are working in an efficient manner but despite their efforts, the future still doesn’t seem bright. Many IT firms and freelancers started to find new ways to serve people efficiently. The need of the hour is to look ahead.  The entire industry is going through a shuffle. In this change in gears, financial app development has turned out to be a massive contributor.

After giving hours into studying the top finance applications, here are a few things you need to keep in mind before starting your financial mobile app journey.

1. Direct Connectivity to Accounts

It’s not always about the money, people also look forward to save their time and efforts by using your application. This is only possible by allowing them to connect their accounts with the application.

This won’t just save their time but it will also have a direct impact on your app’s user retention rate. Thus direct connectivity is one important thing you don’t want to miss in your financial app.

2. Multi-Platform Support

If you are looking to go out to the masses and provide them the best services, then you surely need to ensure that your mobile application is designed to support all platforms and smart devices. This not only includes web but Android and iOS platforms also. It is found that almost 90% of all successful applications support multiple platforms.

Thus if you want to differentiate your app you need to choose multiple platforms to give your financial app the x-factor which would eventually turn out to be your competitive advantage.

3. Envision the technology

Mobile Applications haven’t just made things simple for appreneurship, but they have also enhanced the interaction between users and innovators.

At this stage, the need is to utilize it in the best possible manner. It’s financial mobility solution providers responsibility to learn and understand

Their need and accordingly avail them with mobile payment solution and banking software.

Blockchain fintech is also an emerging technology for banking apps development.

This sector has already made inroads in bitcoin transactions, payment gateways, digital payment solutions, and online forex trading for the last few years.

4. Save Time & Efforts

Time is money and so investors are smart enough to value their time and spend their day in things which they expect more return.

Investors do not have any problem using your application, but the only issue they have is their valuable time which they do not like to waste. As a financial app provider, it will be your duty to develop an application which would save their time and money.

To crack this, one needs to study the market statistics and the behavior of the customers. Once you’ll get a hold on it, you’ll be qualified to develop better mobile solutions for financial services.

5. Security

Earn the trust of your end users and that of potential users. This can be done by giving them a secured platform.

With the very moment you decided to get into fintech development, you are entering a segment where trust is a major asset.

There shouldn’t be any glitches in your application’s security. The information that the user is sharing with you is highly confidential, make sure that it doesn’t get leaked.

Conclusion

No doubts that the Fintech market has evolved faster than we presumed, but still, there’s a huge scope for the new entrants, if they plan and execute with perfection.

Once you have a concept, follow thorough research before beginning with the finance app development process.

5 Benefits of having a Mobile-Driven Sales Team

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A few years backs who would have thought mobile devices would change the way we operate and live. But today, Mobile is at the core of  successful businesses. But, what’s your perspective on a mobile- enabled sales team? still thinks it’s just not possible? hang on, before you conclude on that note, let us  acquire ourselves with the knowledge of what benefits your sales tea can gain by empowering themselves with mobile devices.

Here are our five irrefutable motives that would surely surely convince you to have a mobile-enabled sales team:

 

1. Increased Efficiency:

In this fast growing World of technology, every organization needs to be efficient and productive to gain market edge, and the overall productivity and efficiency of a company depends upon their sales team. If the sales team is not up to required standard then the consequences are dangerous for the future of the company.  Sales people are busy and on their toes always,  we all know this, but what about your clients for whom time is money? thus, keeping in mind the requirement of your client your sales team need to be fast. This is only possible if you give power in their hands by mobilizing your sales team

With a mobile sales app, your clients don’t only see complete product and ordering information at the touch of a button, they can also place orders immediately (which is a real time-saver). Vital product and ordering information can also be disseminated quickly back and forth with the use of email and PDF product catalogues.

 

2. Client Relationship:

Relationship are very important when it comes to growing your business. If you want your business to grow then you need to have client relationship. It is not just about how you talk and meet your clients but the overall performance of your sales tea also counts. With a mobile sales app, your clients don’t only see complete product and ordering information at the touch of a button, they can also place orders immediately (which is a real time-saver). Vital product and ordering information can also be disseminated quickly back and forth with the use of email and PDF product catalogues.

 

3. Staying Updated:

Staying updated is the need of the hour. One cannot simply leg behind and delay because business now wants to stay ahead among their competitors by hook or by crook. Being able to always provide up-to-date information, even on short notice, shows professionalism. Correct product or client information certainly reduces the amount of errors that could possibly occur and helps sales reps to focus more on the customer’s needs. With traditional paper catalogues it is much more difficult and laborious to keep information updated.

 

4. Sell Anywhere, Any Time:

With development of technology, time has come where information are now available anywhere, anytime. To stay ahead business now need a sales team which would not only work hard but work mart.  To work smart mobile devices surely would have their own role in helping sales team to sell anywhere, anytime.

When you use mobile devices such as tablets and smartphones you become untethered from a stationary desk. As long as your devices are charged and up-to-date, you are able to sell no matter the location or the time. You might think, “What about Internet access?” With the offline capabilities and cloud storage options within mobile sales apps, your information is ready for you when you need it – it becomes an organized, intuitive and compact version of a traditional paper catalogue.

 

5. Easy Access:

A mobile sales app gathers data about orders, products and clients as you work with it. This data helps you to gain insight into what products are the most popular, what times of the year certain orders are most frequent and so on. Having up-to-date information about your clients help increase order efficiency and unveils the purchasing habits of your clients. This in turn helps you to suggest products that are more relevant and anticipate the client’s next move, which helps increase trust between client and sales rep.

Mobile Apps that Boost Employee Morale

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Recognizing and Rewarding employees not only boost morale but makes them a highly productive and loyal team man. Gone are the days when employees were motivated by keeping their picture framed on the wall as employee of the month. Now, businesses opt for a modern approach of using an app to boost employee morale.

 

These are the six best employee recognition apps that are cost effective and beneficial to use.

 

iAppreciate

(Free: I phone, Blackberry and Android)

O.C Tanner, an 85 year old company well known for its products that recognizes and rewards employees morale released iAppreciate that allows businesses to celebrate employee achievements, appreciate their efforts and reward them accordingly. Beside this, the app also allows the employees to motivate each other through inspirational messages.

 

Achievers

(Android, iOS Smartphone and tablets)

an app all the way from San Francisco based company Achievers makes the employee gather all the points and then apply towards gifts cards and even exciting trips. Beside this, the employee can also give away their recognized rewards in their favorite charity.

 

GiveAWow

(Android, iOS)

Through a Terryberry bulletin board platform, employers and employees can use the GiveAWow app to give virtual high-fives and sing one another praises on social networks. The bulletin board’s point system enables employees to earn credit toward Billboard digital music downloads.

 

Employee Appraisals

(99cents; IOS)

from software developer Seann Hicks comes a performance appraisal app designed to encourage continuous employee feedback. Employers can track goals, accomplishments, and performance, and share praise via email. Data can be exported, too.

 

Globoforce Mobile

(Free; IOS)

an app completely developed by Globoforce Ltd, Globoforce Mobile is a complete app to recognize and boost employee morale. The app lets you nominate colleagues for awards, approve pending nominations, awards, redeem awards, congratulate via social networks all in a safe and secure environment.

 

In this fast growing World of technology, we do know how important it is for you to take that leap of next generation digital transformation through mobility solution. Well, do not worry, as “MOBILE” is at the heart of everything we do. We have been into this business for decades, and so we know that not only creating a fast app matters but how reliable it can be does impact the business more than what meets the eye.

Get in touch with us today or email us on

How Much Money Can You Really Save With An Automated Expense Solution?

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Employee expenses are often an essential part of running a business. Many will look at the cost as the face value of the expense, but often are unaware of the hidden costs that these expenses reimbursement process brings. The overall cost of processing expense claims can escalate to a surprisingly large number.

The traditional paper-based methods of expense processing are starting to look a little outdated with new automated, cloud-based systems available.

So what are the savings that can be made by switching to these methods?

Mistakes happen and as the saying goes “you’re only human”, however, these mistakes can prove to be costly and putting preventative measures in place will help you and the company in the long run. One avoidable expense mishap is duplicated expenses, whether employees have mistakenly submitted the same expense twice or have intentionally submitted a duplicate, your company may be spending much more money on reimbursement than they should be. Unfortunately, when it comes to using manual processes such as spreadsheets spotting these mistakes becomes nearly impossible. That is where employing robust software that will automatically flag any duplicate expenses is essential.

In addition to spotting duplicate expenses, automated solutions make it much easier to enforce policy compliance. You are able to set expense limits for certain categories, expense limits for out of pocket expenses and much more. This means that you have tighter control over how much your employees can spend. If your employees are ever out of policy guidelines then this will be flagged up and managers can spot any mistakes or possible fraudulent expenses straight away.

Manual processes are inherently long-winded meaning that the time spent on creating and submitting the expense, approving the expense and even processing the expense is taking time away from employees doing more worthwhile tasks. Some companies end up having entire departments dedicated to processing expenses.

Archisys recently asked some of our customers what was one of the best results they have achieved from implementing a custom build mobile expense solution we built for them and a common answer was that it was allowing their staff to get on with their actual work, while they approve on the go. Implementing a quick and easy-to-use system that takes away all of the manual data entry frees up considerable time for your employees. Additional features like tracking location and auto credit transfers via banks is a cherry on the top.

Do you claim GST back on your expenses?

If not you have been missing out and if so you will know how complicated it can be. Without the use of automated solutions claiming back can be a real headache for your finance team. It is hard to fully quantify but when you start to see the cracks in an old expense management software it is easy to see how time and money quickly gets lost. Companies invest massively in improving and refining other processes so why not take this approach to your expense management too.