ITFin

All in one solution for all tech company processes, finances, and employees

Engineered specifically for tech companies, ITFin revolutionizes process management by consolidating multiple necessities into a single, harmonized platform. From detailed time-tracking to effective planning tools, ITFin ensures no second is lost in administering project timelines. With an embedded hiring management system, recruiting and onboarding talent become streamlined tasks. Simultaneously, the platform's support for the delivery lifecycle means projects are seen through from ideation to deployment with complete oversight.

ITFin excels in financial management, making budget tracking, expense monitoring, and invoice managing a breeze. Rounding out its diverse functions, robust reporting tools provide the opportunity to visualize data and inform future business decisions.

Industry

Tech
Headquarters

Ukraine
Website

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Services we provided

Product Discovery
Product Development
Software Architecture Consulting
QA and Testing
Third-Party Integrations
UI/UX Design
Implementation of API Communication Protocol

About the client

ITFin emerged as a much-needed solution in the tech industry, offering a comprehensive platform that integrates various essential processes within tech companies. ITFin aimed to eliminate the challenges posed by the fragmented nature of tech companies' internal operations, aiming to consolidate time tracking, project planning, resource management, financial administration, reporting, and more into a unified and user-friendly platform. Over time, ITFin grew from an in-house tool to a SaaS solution for service and product-focused IT companies in Ukraine, with aspirations for global expansion.

Challenge

The primary challenge of the project was to bring cohesion to the diverse and often siloed processes within tech companies. One of the key difficulties was aligning the requirements of different departments while maintaining a clean and user-friendly interface. Avoiding information overload and ensuring a positive user experience while catering to diverse business processes was a substantial undertaking.

Solution

Product Development

ITFin is an all-in-one management solution for tech companies, offering comprehensive tools for time-tracking, project planning, and recruitment. It supports the entire delivery lifecycle of a project, ensuring thorough oversight from ideation to deployment. ITFin also incorporates a financial management system that simplifies budget tracking, expense monitoring, and invoice management. Lastly, its robust reporting tools provide valuable data insights to inform strategic decision-making.
Custom Web Development

The heart of the ITFin project was developing a custom web solution that seamlessly integrated various processes. A cross-functional team of skilled developers, software architects, and project managers collaborated to design and build the platform from the ground up. Leveraging the latest technologies and best practices, they ensured that ITFin would be scalable, adaptable, and capable of accommodating future enhancements.
UI/UX Design

The design phase was pivotal in ensuring ITFin's user-friendliness and visual appeal. Collaborating closely with UI/UX designers, the development team translated complex processes into an intuitive and visually pleasing interface. The design aimed to balance functionality and aesthetics, making it easier for users to navigate and interact with the platform's numerous features.
QA and Testing

To guarantee the reliability and robustness of ITFin, a dedicated team of quality assurance specialists rigorously tested every aspect of the system. This involved comprehensive unit testing, integration testing, performance testing, and user acceptance testing. QA engineers meticulously identified and rectified any bugs, glitches, or inconsistencies, ensuring that ITFin would provide a seamless and error-free experience to its users.
Support and Maintenance

Post-launch, we continued to invest in ITFin's improvement and evolution. Regular updates, feature enhancements, and performance optimizations were rolled out based on user feedback, changing business needs, and emerging technologies. This commitment to ongoing development ensured that ITFin remained a cutting-edge solution for the industry.

Features delivered

Project and Workload Planning

The platform enabled efficient project management by providing tools for managing clients, projects, milestones, and agreements. It allowed users to plan and monitor project execution while seamlessly tracking progress.
Time Tracking

The solution facilitated precise time tracking for users, allowing the distribution of hours across different projects and tasks. The system also incorporated features to manage sick leaves, vacations, and days off effectively.
Resource Management

ITFin's resource management feature provided visibility into available resources, their allocation across projects, team composition, and quick resource searches, enhancing resource planning and their load.
Automatic Invoices

The platform automated invoice generation and distribution to clients. It also included validation, reminders, and approval processes, as well as integration with payment systems for seamless financial management.
Online Reports

Many reports were integrated into ITFin, including project profitability, company metrics, financial dashboards, profit and loss statements, cash flow analysis and tracking, and balance sheets. Customizable reports provide tailored insights into operational and financial aspects of the business’ functioning.

Key results and business value

Time Efficiency

Routine tasks were streamlined, saving time and reducing manual errors, increasing department efficiency. Reduced project administration time by 30% through streamlined processes and integrated time-tracking features.
Talent Acquisition Efficiency

Enhanced efficiency in project management and talent acquisition led to faster project completions and resource optimization. Decreased time-to-hire by 25% and onboarding time by 20% via the integrated hiring management system.
Financial Management

Financial administration became simpler through automated invoicing and comprehensive financial reporting, aiding better decision-making. Helped to achieve significant reduction in administrative costs due to streamlined processes, minimizing time spent on project management and financial oversight. Ensured a 20% reduction in budget overruns, supported by efficient budget tracking, expense monitoring, and invoice management.
Data-Driven Decision-Making

Access to detailed, visualized data empowered informed decision-making, leading to smarter investments, resource allocation, and strategy planning. Improved decision-making by 25% with robust reporting tools enabling better visualization and analysis of project and financial data.
Project Lifecycle Oversight

Helped to deliver projects more reliably and efficiently, leading to higher client satisfaction and increased client retention rates. Achieved a 15% increase in successful project deliveries from ideation to deployment through comprehensive platform support.
SaaS Solution

Empowered tech companies to stay competitive by offering a comprehensive platform that supports their specific needs, fostering innovation and reducing costs. ITFin's success in simplifying processes for ElifTech evolved from the initial solution into a more scalable and adaptable SaaS platform.