N-iX Case Studies Increasing Efficiency in Finance Through Automation and Cloud Development

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	Increasing Efficiency in Finance Through Automation and Cloud Development N-iX

Increasing Efficiency in Finance Through Automation and Cloud Development

N-iX

Technology Category	Platform as a Service (PaaS) - Application Development Platforms
Applicable Industries	Buildings Oil & Gas
Applicable Functions	Product Research & Development
Use Cases	Leasing Finance Automation Time Sensitive Networking
Services	Cloud Planning, Design & Implementation Services System Integration
Challenge	The client, a leading provider of a wide range of tax services to thousands of clients in nearly 100 countries worldwide, was facing a challenge with their property tax calculation services. These services were mostly completed manually with the help of Excel sheets. As their business grew and the number of customers increased, these calculations started to incur substantial amounts of time and effort. The manual process was not only time-consuming but also led to additional operational expenses. The company needed to automate this process to maintain their efficiency and keep up with the growth. Read More
About Customer	The client is a leading provider of a wide range of tax services. They offer their services to thousands of clients in nearly 100 countries worldwide. Their services include property tax calculation services. However, due to rapid business growth, the number of customers that required these services increased substantially. This led to a significant amount of manual work and additional operational expenses. The client needed to automate the calculation process to maintain their efficiency and keep up with the growth. Read More
Solution	N-iX developed a Property Tax module for the client’s platform that automated the property tax calculation process and accelerated tax analysis. The module was integrated with the external information tax system used by the client. It allowed users to easily generate an Excel document that calculates property tax and other values based on predefined rules. The results were uploaded into a single document that contains property price, rental income, and other details about the property valuation. Users could also generate PDF documents out of Excel, view data in PDF format, and monitor the data via a web UI. A feature was developed that allowed users to generate property valuations in bulk for real estate objects within any US county. This feature significantly increased the speed of tax analysis. To facilitate the onboarding process for users, a single sign-on into the client’s system and the Property Tax module was developed. The module was made cloud-agnostic with the help of Azure Functions, Kubernetes, and the KEDA framework. A UI/UX design was also developed for the Property Tax module, and a CI/CD pipeline was set up from scratch, which accelerated the release cycle. Read More Log in to view content
Contents

Technology Category

Platform as a Service (PaaS) - Application Development Platforms

Applicable Industries

Buildings

Oil & Gas

Applicable Functions

Product Research & Development

Use Cases

Leasing Finance Automation

Time Sensitive Networking

Services

Cloud Planning, Design & Implementation Services

System Integration

Challenge

The client, a leading provider of a wide range of tax services to thousands of clients in nearly 100 countries worldwide, was facing a challenge with their property tax calculation services. These services were mostly completed manually with the help of Excel sheets. As their business grew and the number of customers increased, these calculations started to incur substantial amounts of time and effort. The manual process was not only time-consuming but also led to additional operational expenses. The company needed to automate this process to maintain their efficiency and keep up with the growth.

About Customer

The client is a leading provider of a wide range of tax services. They offer their services to thousands of clients in nearly 100 countries worldwide. Their services include property tax calculation services. However, due to rapid business growth, the number of customers that required these services increased substantially. This led to a significant amount of manual work and additional operational expenses. The client needed to automate the calculation process to maintain their efficiency and keep up with the growth.

Solution

N-iX developed a Property Tax module for the client’s platform that automated the property tax calculation process and accelerated tax analysis. The module was integrated with the external information tax system used by the client. It allowed users to easily generate an Excel document that calculates property tax and other values based on predefined rules. The results were uploaded into a single document that contains property price, rental income, and other details about the property valuation. Users could also generate PDF documents out of Excel, view data in PDF format, and monitor the data via a web UI. A feature was developed that allowed users to generate property valuations in bulk for real estate objects within any US county. This feature significantly increased the speed of tax analysis. To facilitate the onboarding process for users, a single sign-on into the client’s system and the Property Tax module was developed. The module was made cloud-agnostic with the help of Azure Functions, Kubernetes, and the KEDA framework. A UI/UX design was also developed for the Property Tax module, and a CI/CD pipeline was set up from scratch, which accelerated the release cycle.

Impact #1	The implementation of the Property Tax module significantly improved the client's business efficiency and cut operational costs. The automation of the property tax calculation process not only reduced the time and effort required but also eliminated the additional operational expenses incurred due to the manual process. The module also enhanced the user experience by allowing users to easily generate reports and convert them to PDF format. The bulk processing feature increased the speed of tax analysis, allowing users to focus on other tasks until processing is complete. The setup of a CI/CD pipeline, Infrastructure as Code, and Agile methodologies from scratch reduced the time-to-market. The module was also made cloud-agnostic, enabling it to run seamlessly in any cloud environment.

Impact #1

The implementation of the Property Tax module significantly improved the client's business efficiency and cut operational costs. The automation of the property tax calculation process not only reduced the time and effort required but also eliminated the additional operational expenses incurred due to the manual process. The module also enhanced the user experience by allowing users to easily generate reports and convert them to PDF format. The bulk processing feature increased the speed of tax analysis, allowing users to focus on other tasks until processing is complete. The setup of a CI/CD pipeline, Infrastructure as Code, and Agile methodologies from scratch reduced the time-to-market. The module was also made cloud-agnostic, enabling it to run seamlessly in any cloud environment.

Benefit #1	Accelerated tax calculations by automating manual processes involved in property tax calculation
Benefit #2	Streamlined user experience with the tax platform by implementing automatic PDF report generation from Excel sheets
Benefit #3	Increased the speed of tax analysis by implementing bulk processing for all real estate objects within any US county

Benefit #1

Accelerated tax calculations by automating manual processes involved in property tax calculation

Benefit #2

Streamlined user experience with the tax platform by implementing automatic PDF report generation from Excel sheets

Benefit #3

Increased the speed of tax analysis by implementing bulk processing for all real estate objects within any US county

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Overview

Increasing Efficiency in Finance Through Automation and Cloud Development

Operational Impact

Quantitative Benefit