B2B Insurance Claims Automation: Zentist

The Challenges of Engineering For B2B Blockchain Companies

Blockchain technology has long passed the stage of being a buzzwordy trend. Nowadays, it is an extremely ambitious field in which both well-established enterprises and tiny startups invest a small fortune without hesitation.

However, being a breakthrough in the world of technology, B2B blockchain attracts a huge number of people with dubious expertise like no other industry. Under these circumstances, it is anything but simple to find a vendor who could be trusted with the development of your product. BloXmove managers decided to start cooperation with Fively right off because our expertise was far beyond any dispute.

How We Helped BloXmove With the Development of a Blockchain B2B Platform

Today, blockchain in mobility is still a kind of curiosity, since applications of blockchain technology beyond cryptocurrency are not in the limelight in general. Together with BloXmove, our well-knit team of skilled on-demand developers grasped the challenge of altering this state of business.

Our web engineers started working on the BloXmove project in 2021. We have been participating in the development of the frontend side of the platform and in the creation of the backend side with all its B2B blockchain-powered features.

The main goal was to implement a comprehensive infrastructure built around the BLXM coin. The entire platform is designed in such a way to facilitate direct collaboration between various mobility providers and green power suppliers through convenient blockchain B2B payments and other decentralized solutions.

In addition, several more products will use the BloXmove ledger and related infrastructure. The first product is a blockchain mobile app that can function as a hub for multiple eco-friendly mobility providers. The second product is a mobile app blockchain solution that will allow you to allocate the budget for mobility services among different operators from one wallet-like app.

The Result of Our Cooperation

Our engineers are still working on the development of individual pieces of this blockchain B2B platform. Nevertheless, a lot of core functionality has been implemented and it can definitely be of interest to numerous B2B business owners.

At this point, our engineers, including Python development specialists, continue to develop this blockchain B2B platform, creating more and more unique features for it. The platform already has 5 mobility companies and 4 energy suppliers as partners, while the project itself is supported by a dozen of large investors. In the future, BloXmove is going to make focus on blockchain mobile app development.

Unlike many other B2B blockchain companies, BloXmove was fortunate enough to hire experienced developers, namely Fively’s engineers, to live their dreams. The crypto platform is growing rapidly from one milestone to another milestone. The products and services of BloXmove have already caught the attention of numerous clients even despite the fact that not all functionality has been implemented yet.

Financial Accounting System Development Challenges

The client was looking for a strong engineering team able to realize a project idea on creating a financial management accounting system from scratch. This financial systems accountant should perform vast analytics, data management, and visualization, and greatly automate managers’ daily workflow.

Thus, for this project we needed to reach the following goals:

• Help to scope the project and set deliverable dates
• Build a custom financial accounting system from scratch
• Enable financial modeling and analytics in it according to the data gathered
• Set and tune timely reporting for the accounting periods
• Monitor, visualize and update profit and loss, cash flow, balance, and summary indicators financial reporting
• Provide technical and maintenance support for the system
• Fix arising bugs and solve any issues, if any

The important factors, among others, were proficient skills and the fitting time zone of the developers. After a long period of searching for the fitting engineering team, the client has got a positive recommendation upon Fively skills and expertise and chose our custom development company for this project.

After all the documentation was signed, we started our fruitful collaboration upon the development of a custom financial management accounting framework.

How Fively Helped the Financial Services Company

In this case study we provided top-tier management of the project at all development stages: tailored the financial system development to the client’s financial management needs, analyzed components of the financial accounting system, proposed an optimized team structure, the suiting application design, as well as the right tools to provide a smooth deployment process:

Project Architecture: To create this financial systems accountant we chose React for the frontend, Node.js for the backend, and Prisma as a Database service. We also decided to create a custom design of the system from scratch using the Figma design tool.

Team Structure: We analyzed the given scope of the client’s goals, and proposed the team structure of 1 full-stack, 1 backend specialist, and 1 designer as the project-fitting team size.

Communication tools: We used Trello for task status tracking and management and Slack for direct communication with clients on any initiatives and possible changes in the financial management accounting system requirements.

These technical and workflow decisions allowed us to successfully cover all the projects’ goals and get great results on the work of the financial accounting management system.

Results of the Cooperation

As a result of close cooperation with the client, we have built a financial management tool that has the following features:

• We built a custom financial accounting system meaning that is fully tailored to the client’s needs and greatly optimized the processes of data gathering, structuring, sorting, and overall financial management in the company;
• We made the operations on data totally secure in our financial accounting system example thanks to the login procedure and different administrative roles in the system. It has also set the financial and business information on the company’s clients in order, and enhanced the internal communication within the company;
• We made profit and loss, cash flow, balance, and summary indicators financial reporting easy and quick procedures that are fully automated and greatly save time on the financial management in the daily workflow of the company’s management;
• We enabled visualization of the financial analytics for the given periods to help the company’s management make data-driven decisions, find weak points and issues in the company’s financial structure, and eliminate or minimize possible risks.

Challenges of Workflow Management at Insurance Companies

Inzmo wanted to turn their UX vision into a ready-made insurance company workflow automation tool, that could be able to provide its users with the total digitalization in the insurance sector. The company was looking for highly skilled engineers, who are also well-versed in front-end tech stack, PHP, as well as database management. The ready-made solution for insurance workflow process optimization should have a user-friendly and intuitive GUI, high website performance, on-site insurance claims processing, and several third-party integrations. For this project implementation we needed to reach the following goals:

• Turn the client's UX vision into a ready-made insurance claim workflow automation tool
• Help to manage the project implementation and estimate the scope of tasks
• Enable quick on-site insurance claims processing
• Provide users with various insurance plans and payment options
• Set real-time customer analytics and advanced reporting on the platform
• Enable essential third-party integrations
• Tune the platform speed, and resolve all the bugs on the user side
• Provide technical support and maintenance for the system

INZMO needed professional front-end developers, able to solve complex web portal development tasks, create an insurance industry workflow optimization platform with numerous features, fix arising bugs, and optimize the site speed. The important factor in finding a software vendor was trust, as INZMO has already successfully worked with our engineers, and they were happy to work with us once more. After a short interview with our developers, they told us about the project details and showed us the Figma files with their UX vision of a working homepage. That’s how our fruitful collaboration on creating a digital home insurance platform started in June 2020.

How We Helped Insurance Workflow Solutions Company

During this project on digitalization in the insurance industry, we not only turned the customer’s product design into a ready-made insurance workflow automation tool. We fitted into INZMO’s internal sprint methods: estimated the scope of tasks, set deliverable deadlines, and provided top-tier management of the project.

We have also communicated with the the client’s team on a daily basis, analyzed the complexity of features for this property insurance digitalization platform, and proposed the suitable project architecture. To be short, that’s how our project looked like:

Project architecture: To create this rental service platform, we used the Vue.js framework and jQuery library for the Frontend, PHP for the Backend, and MariaDB as a database service.

Team structure: We implemented the full scope of the project goals with 2 of our senior Front-end engineers, who are also well-versed in PHP and database management.

Communication tools: We used Jira for task status tracking and management, and daily standups to provide clear communication. We also used Slack for quick discussions of any initiatives and changes in the project.

These technical and workflow management decisions allowed us to successfully cover all the projects’ goals, stay flexible, and turn the clients’ platform into into one of the best insurance workflow management platforms.

What Insurance Digitalization Features We Provided

We began the cooperation with Inzmo in 2019, and after 15 months of fruitful work, we were ready to present the results of the insurance workflow management project:

• Our specialists smoothly integrated the company's UX vision into an insurance workflow automation solution, optimized its performance, and resolved all the bugs on the user side to ensure excellent customer experience;
• We have tuned algorithms for various insurance plans, enabled different ways of renewing contracts, and integrated additional payment methods into the insurance workflow solution, which altogether provided customers with much more freedom in choosing their plan;
• Fively engineers enriched the platform functionality with a robust CRM-like reporting and analytics system with insurance workflow diagrams, as well as added essential 3rd party integrations. These features make the client’s insurance workflow software highly customizable and tailored to various business needs;
• Our team enabled a high level of security of the insurance workflow management system, including payment and renewing contracts procedures, thanks to the following cybersecurity best practices, as well as obligatory authentication and different administrative roles in the system.