Empower your business with blockchain solutions. Unlock new opportunities with our expert blockchain developers.
Streamline your supply chain with custom software solutions. Optimize processes and boost efficiency with our professional dev team.
Unleash the power of innovation in healthcare! Our custom software solutions bring improved patient outcomes and streamlined processes.
Transform finance with our fintech development services. Drive growth, improve efficiency and boost performance for your financial services.
We develop software that covers multiple platforms—web, Android/iOS, smart TV, wearables, IoT.
React Native is a JavaScript framework that is used for frontend (client-side) iOS/Android development.
Node.js is a JavaScript runtime built on the Chrome V8 JavaScript engine for backend (server-side) development
Vue.js is a JavaScript framework for crafting user interfaces and single-page apps.
Umbraco is an open-source CMS platform for publishing and managing website or intranet content.
Flutter is Google’s UI software development kit for building natively compiled mobile, desktop & web apps.
Python is a general-purpose programming language for crafting desktop & web apps.
JavaScript is a dynamic programming language with first-class functions for creating network-centric apps.
PHP is a general-purpose scripting language suited to dynamic web pages.
React.js is a JavaScript framework for crafting complex & advanced user interfaces within single-page web apps.
TypeScript is a programming language designed by Microsoft covering both client-side and server-side development.
Angular is a JavaScript framework for building single-page apps.
Vetted Blockchain Developers From OpenGeeksLab
We believe that IT is about the team, about ideas, about the talent to see the world a whole lot differently. About constant discoveries. And, first of all, about people. Therefore, we offer you business opportunities where others see obstacles to bring the most courageous dreams of yours into reality.
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case studies
Bad debt protection insurance.
A project that originates from a UK-based startup and now happens to become an international invoice insurance service also operating across Europe and the Nordic region and partnering with the UK’s biggest high street banks.
Long story short, access to credit has expanded dramatically over the past two decades, fueling economic growth, new business formation, and job creation.
But the other side of the coin is that bad debts have risen sharply. Speaking of the UK banks, Bloomberg reveals “Barclays Plc, Lloyds Banking Group Plc and NatWest Group Plc have together put aside nearly £1.3 billion ($1.5 billion) to cover bad loans.” The Money Charity states that “In Q2 2022 lenders wrote off £601 million (Of which £247 million was credit card debt, amounting to a daily write-off of £6.6 million.).”
Bad debts hurt the bottom line of a company, and lost profits occur. Here is when our customers’ trade credit insurance solution comes to the rescue. It is a product that aims at bad debt protection. Added to invoice discounting or factoring facilities, this trade credit insurance application ensures providers will still receive payments in case the clientele can’t settle their invoices. Keep reading to learn more about problems to be solved, solutions, and the project’s outcomes.
At some point, our customers had achieved everything they could with a minimum viable product (MVP) and hit a wall in their next steps. OpenGeeksLab's experts joined the customer team to help them make improvements, scale the service, develop new features, and maintain the existing version before going on as a full-fledged product.
The trade credit insurance application has a complex microservices-based architecture. When it all started (four years ago), we were all new to insurtech. We had to face a new challenge and sort everything out. It involved configuration, customization, and programming. And it required internal relationships with sections of the customers’ organization and a lot of interaction with external third parties and the wider business. Spoiler: we got it done perfectly!
We came to analyze the existing system and restart insurance app development given all the errors.
It was a mix of business-as-usual and project work, with balancing and juggling priorities between the two.
The service can be connected fuss-free to third-party accounting software.
Allows consumers to enable, disable, and manage the different accounts that have been configured on their devices.
Enables manually creating invoices (or importing) and customizing them.
Consumers can choose their billing country region and select the single invoice insurance payout options.
Companies can predict the cash that's going out of their business and coming back in over a specific period.
Helps to identify hazards and mitigate the most common risks and implement internal control measures at any level of the account payable (AP) processes.
There was a different system of brokers implemented who could bring in their new clients at a fixed commission rate.
Everything given above enabled a scalable, high-volume, extremely fast, and distributed system of a trade credit insurance guarantee.
There were several technical solutions around scalability, speed, and real-time data performance.
Custom insurance software development to meet the goals of our customers and the demands of the trade credit insurance market.
OpenGeeksLab has been involved in the project for two years. Basically, two experts from the company worked with the customer's team. We occasionally added other of our software engineers, increasing the team composition to four specialists.
4 software engineers
The improvements to the trade credit insurance application made it easier and better to use, allowing our customers to acquire more satisfied clients, scale up their business, and expand to foreign markets.
Are you about to enter the trade credit insurance market or give a second life to your existing venture? Let OpengeeksLab become your insurance app development company. Just fill in this form to know how we can help.
Responsive company valuation software for finance report generation.
eSports streaming platform modernized with tokenomics.
A smart project management platform for building and construction businesses
Online platform matching care professionals with families who need their services in their local area.
The Customer had several medical and learning projects that required further improvement. Our development team was hired to advance these digital solutions with new functionality and improve their performance.
A university research network platform that matches students seeking learning opportunities with research institutions
A web platform for auto dealers aimed to digitalize the car selling process
All-in-one product management platform
A groundbreaking next-generation app connecting users to a colossal network of global suppliers spanning an impressive 25 countries.
A blockchain-based project pool with a number of independent solutions
Golf application that helps master the game
Blockchain decentralized web application that builds a new channel of profits.
The demo use case of blockchain in the fashion industry.
Music Distribution Service
Telemed app to help doctors and patients stay connected in the age of COVID-19 outbreak
Car Booking App
On-Demand Delivery Service
Multifunctional on-demand delivery service app for diverse loads in the UK
Fitness social network that connects coaches and sports enthusiasts from LA to NY
Blockchain-based platform shaping the future of online hotel booking
Video streaming app for people of faith
Community-driven social network for brands and creators
A powerful real estate listing platform featuring advanced search filters and user-friendly navigation.
What Will You Get?
We will perform code review best practices, and provide a report with the data, including:
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