Finance Software Projects: Boost Performance & Cut Costs

Reliable, Fast & Future-Proof Finance Software Development

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Financial service provider

Customer

Munich

Location

Software modernization (4 Monate)

Project

Outdated Finance Software Slowed Growth

A financial services company managing complex investment portfolios and subject to strict regulatory requirements faced challenges with its core finance software. The outdated solution was crucial for managing financial transactions and project finance software processes but struggled with performance bottlenecks and high operating costs. The backend relied on an older version of Node.js, while Oracle database licensing costs restricted scalability. These issues increased security risks and maintenance efforts, ultimately slowing financial management project workflows.

Objective: Modern Finance Software Development for Stability & Growth

Analysis

Planing

Test environment

Optimization

Migration

Go-Live

The goal was to modernize the custom financial software development solution without disrupting ongoing operations, while preserving existing integrations with finance platforms like Unit4. The project focused on:

Frontend Enhancement: Updating React Components While the finance software used React, it operated on an outdated version. We upgraded the affected modules and UI components to the latest React version, enhancing performance, stability, and laying the foundation for future development.
Backend Migration to TypeScript: The backend previously ran on vanilla JavaScript, which posed risks in complex financial calculations. We migrated the codebase to TypeScript, alongside updating Node.js and switching to pnpm for dependency management. This improved stability, reduced errors, and streamlined future finance software development.
Database Migration: Oracle to MSSQL To reduce costs and improve performance, we transitioned from Oracle to Microsoft SQL Server (MSSQL). This migration led to lower licensing costs and improved compatibility with the company's Microsoft infrastructure, enabling greater scalability for finance software projects.
Test Environment Setup To enable safe deployment of future updates and extensions, we established a dedicated testing environment. This mirrors production systems and allows for the evaluation of new features or changes in finance management projects without business disruption.

Results: Stronger Finance Software and Smoother Operations

Slow performance

High operating costs

Complex maintenance

The finance software development project delivered measurable improvements:

Process Optimization: Financial transactions and reporting accelerated significantly, particularly during month-end closings and complex data processing.
Cost Reduction: Migrating to MSSQL lowered database licensing costs, freeing up budget for future project finance software improvements.
Improved Stability: Transitioning to TypeScript and updating Node.js reduced bugs and facilitated easier maintenance.
Secure Updates: The test environment ensured software updates and regulatory changes could be validated beforehand, preventing costly disruptions.

Technologies Used in This Finance Software Project

Our custom financial software development team applied the following technologies:

This finance software project showcases the power of targeted software modernization: reducing costs, improving performance, and increasing system stability. Businesses operating in financial management projects benefit from custom financial software development designed to evolve with their needs.

Results at a Glance: Before-and-After Comparison
Metric	Before	After
Performance	Slow transaction processing, delays during month-end closing	Significantly faster transactions and reporting processes
License Costs	High Oracle database licensing costs	Lower costs after migrating to MSSQL
Software Stability	Frequent bugs and system crashes	Improved stability through TypeScript and Node.js upgrade
Development Efficiency	High maintenance effort due to legacy code	Faster development and easier maintenance with modern tech stack
Update Security	Risk of failures during software updates	Safe testing of updates in a dedicated test environment

Why Choose prokodo for Finance Software Development

For over 15 years, we have successfully executed finance software projects, from automating accounting processes to optimizing custom financial software development for investment management firms. Stability, efficiency, and scalability are at the core of every financial management project we deliver.

Our expert team handles every phase of finance software development, from modernization and custom development to systems integration. Complex finance system upgrades and cost-efficient database migrations are our specialty.

Our Expertise at a Glance:

Custom Financial Software Development: Tailored solutions optimizing finance software projects and streamlining financial management.
Legacy Software Modernization: Replacing outdated finance platforms with cutting-edge solutions.
Technology Upgrades: Migration to TypeScript, React, and Node.js to future-proof financial systems.
Database Optimization: Transitioning from Oracle to MSSQL or other systems to reduce licensing costs.
Testing Environments: Creating test systems for secure software deployment in financial management projects.

Our mission: Future-ready finance software development that grows with your business.

Let's Drive Your Business Forward – With Custom Software Solutions