The process that yields the best app requires the hard work and attention of the app developers, and the people involved within the process.
An iOS app development company is currently struggling with the process’s refinements, and same goes for the Android app development firms. Agile methodologies and practices have taken a huge shift in the working practices and companies are now only hiring people who understand the basics of agile and come up with a concrete solution.
Synchronization within the team is very important and if a company fails to do so, there are chances that they would be left with nothing but sorrows, and failures..
On an average, 80% of the apps are launched massively with a great marketing campaign on the App Store, but what makes the difference is the way they’re going to compete with the existing apps and come up with a unique USP that makes them stand out in the market.
There are different categories of applications like, a simple app with interesting features allowing the customers to place order online & getting it delivered on the door steps (Food delivery app), a simple app with groceries management, a simple app for students to upload the lecture, and get it downloaded in a snap, and a finance management apps that manages the entire finances for a person.
But here comes a question, how can you build an interactive finance management application with intuitive features, and functionalities?
In this blog, we are going to discuss the amazing features of the finance management app, and the steps that would make you more driven to the application.
Are you excited to explore these up with us?
Let’s get started then!
Features Enlisting & Processes Leading To A Successful Finance Management App Development
Building a finance management app and deploying it to the App Store for public use is quite easy, and anyone can do that * who has prior technical knowledge *, but how can you make a difference?
It’s when you start investing time in the understanding of the app’s core features, and adding up something unique that attracts the audience.
How to do that? We’re going to discuss it here!
- Market Research and Planning Phase
The first step is to always identify the target audience, and determine who will be using the application. Whether it’s an individual, a group of people or some students accessing it for personal use.
Once done, you need to study the competitors who’re already leading the way in the market. Don’t start with big sharks, instead go with smaller fishes and try to adapt to what they’ve been doing to earn revenue.
Determining what makes your app stand out from the market is very important, and a unique USP would be great AI driven insights, a customizable dashboard possessing all the real time data analysis.
- Finalizing the Features for the Finance Management Application
The second step is to allow the user to log the expenses manually, or you can automate it by directly connecting their bank accounts (API integration).
Once done, you should add the budgeting feature that enables the users to set up a monthly benchmark and ensure that they ain’t expending more than that.
This practice will help the users to set and track the saving goals, and the progress would result in better indicators for the people.
You can provide them with the quick reminders, and if any utility bill is coming up they can pay it online due to the notification bar.
You can plan to integrate the financial accounts for tracking the investments made by the customers, and see how things would roll out.
Lastly a report and analytics feature would give them a visual representation of the total revenue, showing all the spendings, patterns, and income sources for better results.
You can also implement the strong security features like encryption and two factor authentications for better biometric login updates.
- Designing the User Experience and Interface
The process of building a finance app requires the designing of the UI/UX considering all the unique principles of design, hence, allowing them to customize the dash boards, and set preferences as per the likes.
You can add up gamification in the design , like rewards, badges, and other progress bars that encourage the user to meet their financial goals.
All of these add-ons features should be added in the start of the app design and development process, otherwise, it’s hard to revert back & get things done! A mobile app development company in New York ensures that these things are discussed beforehand to avoid any issues.
- Technology Stack (Modernized Technologies)
Once the design phase is done, the app developer starts with the technologies refinement and selection where they’ve to select the most concrete and modernized technology that goes with the app functionality.
Whether you opt for Flutter, Swift or any cross platform technologies to save up time and efforts in the development phase, ensure that you are well aware of all the steps and shortcomings beneath the way.
It’s really important for the app developers to work on the development technologies finalization and then, build the app with amazing features and functionalities.
- Post Launch and Maintenance
Lastly, a mobile app development company would work on the post launch steps, and look up for maintenance areas.
It can be done simply by collecting the feedback from the customers, in order to improve the app’s features. Moreover continuous updates for the app with new features, and security patches and bug fixes would also be a great resort.
Don’t forget to check the registered emails because most customers leave the issue in the inbox, expecting the company to reply within 24 to 48 hours.
Key Takeaway
We hope that the discussed framework helped you understand the crucial needs of the financial management app, and how it could proceed to the final deployment stage.
We tried to be as much specific as possible, however, if you still have some questions in mind then, feel free to share your thoughts in the comments section. We would love to hear back from you.
