The Need for Automation

 Conventional accounts receivable management required a lot of paperwork comprising entry of data, generation of invoices and tracking of payments. These tasks are as well quite tedious and are often accomplished with great inefficiency and at times mistakes which can greatly influence the financial position of the business. You can click here to learn more about automation in business.

There are various challenges that are associated with manual accounts receivable, which include the following. Accounts receivable software helps to overcome these challenges in that it involves automation of the whole process right from invoice preparation to collection of the amount.

 Automations frees up time for finance teams as many tasks that previously needed to be completed manually are lifted. Since most manual methods involve data entry, verification, re-entry and re-checking, various errors are bound to occur in the process hence through automating these methods, the flow of cash is enhanced and efficiency is boosted up. Such a change is necessary now, when a modern business environment requires fast and mistake-free financial work.

 Below are some of the characteristic features of this type of software:

Accounts receivable software provides various functions to help transform the functionality of the business. A prime business function is the Accounts Receivable with Billtrust AI for creation and delivery of invoices electronically. Besides, it was a way of creating efficiency as far as billing was concerned and also made it possible to make sure that the invoices were accurate and delivered as and when they were supposed to. Also, the software can come with accounting interfaces, so that one can easily transfer data from one application to the other.

 Another specific aspect is the tracking and possible immediate or subsequent payment reconciliation. Some of the features creating value are the ability by which firms can track the status of payments in real-time, including bill receivables to assess potential payment problems. Customers can receive automated messages and prompts for payments which will decrease the chances of late payments.

 In addition, there is also functionality of accounts receivable software to generate reports and analytics that gives the value for money report. The software can be used to produce reports on some facets such as DSO, cash flow and payment habits of customers. The gathered knowledge enables corporations to make right decisions and improve their approaches to this process.

Benefits for Businesses

 The use of accounts receivable software is very beneficial in business as elaborated below. Possibly the largest benefit is the ability of better cash flow management. Automating the invoicing and payments results in faster generation and receipt of payments thus improving on liquidity and financial position of firms. This is especially so in relation to SMEs which may have scarcity of external funds to support their expansion and growth.

 Besides the impacts on the cash flows, financial software has advantages in the field of the relationship towards the customers.

The software offers its customers a web-based front-end interface through which they are able to view invoices, make payments and check payment details as well as their accounts. The high level of transparency and ease observed in the current generation’s way of transacting is beneficial for the provision of good customer experiences and encourages quick payments. You can click the link: https://www.entrepreneur.com/millennials-want-transparency-and-social-impact to learn more.

 In addition, accounts receivable software assists the businesses in minimizing bad debts. It gives real-time Account Information, with the detail of the payment behavior of customers to a business organization; it helps them know the credit risks that may be involved in business deals. Such credit management practices therefore make it easier for businesses to grant credit and at the same time reduces erosion of the same.

 Therefore, accounts receivable software plays a critical role to businesses that would like to enhance their performance. The accounts receivable process is integrated with the invoicing, payment tracking, and producing the report with the help of this software to enhance efficiency, accuracy, and cash flow.

 Some of the advantages of implementing accounts receivable software go beyond cost savings within the organization and directly improve the commerce company’s relationship with the customer and its credit exposure. Despite the ever increasing difficulties in the business world due to the significant advance of technology, the implementation of accounts receivable software will be of major importance in determining the health and sustainable future for the businesses.

 More than that, accounts receivable software, with its virtually miraculous ability to remold business, is quickly establishing the unmistakable benchmarks for how financial management is to be done.

Amit Gupta

Amit Gupta is a tech lover and an enthusiastic blogger who completed his B.Tech in Computer Science. An enthusiast of emerging technology and discoveries, he shares valuable views and tips on his blog from his personal experiences. Through his articles, he tries to simplify tech concepts and put readers in the position to take responsible decisions in the rapidly changing digital infrastructure world. Follow me on Facebook and linkedin.

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However, searching for the right organization for your business can be a time-consuming affair. To help you out, in this blog, we will provide a comprehensive guide to various companies with whom you can partner. So, let’s continue reading to find out more.

What is a Software outsourcing company?

This is a third-party organization that you can hire for your business to design, develop, and maintain your software applications. These companies help their clients produce high-quality products at a lower cost.

Plus, they give you access to a pool of qualified candidates who can make your business stand out. These software development outsourcing companies make your business more flexible as you can avoid hiring in-house staff for short-term projects. There are various ways of outsourcing these experts and can be categorized into different models, including:

●      Staff Augmentation

●      Nearshore outsourcing

●      Homeshoring

●      Onshoring

●      Offshoring

Top 8 Software Development Outsourcing Companies In 2024

Some of the top software outsourcing companies are listed below so that you can succeed in your outsourcing initiative:

1. CONTUS Tech

Img Credit- CONTUS Tech

As the best outsourcing software development company, CONTUS Tech provides services to customers in over 50 countries. Their outcome-oriented services include unified communications, media streaming, IoT enablement services, and more. Founded in 2008, the company has its regional office in India and its headquarters in the US.

SERVICES:

●      Full Stack Development

●      Cloud & DevOps

●      Saas Product Development

●      IoT & Connected Vehicles

●      Media Streaming & OTT

●      Unified Communication

TECH STACK: JavaScript, Node.js, Agile, DevOps methodologies, etc.

CLIENTS: ABP, Hyundai, Daimler, VEON, L&T and more.

COMPANY SIZE: 400+

LOCATION: 8th Floor, Plot No. 8, Baashyaam Willow Square, 9 & 10, 1st St, Thiru Vi Ka Industrial Estate, SIDCO Industrial Estate, Guindy, Chennai, Tamil Nadu 600032

2. ScienceSoft

Img Credit- ScienceSoft

Founded in 1989, they offer outsourcing software development services. With 35 years of excellence, this company can develop reliable and secure software solutions for your business. Their headquarters is located in the States.

●    TECH STACK: MongoDB, Express.js, Microsoft SQL Server, Apache Hadoop, Azure Cosmos DB, Amazon Web Services, Oracle, and more.

●      CLIENTS: bioAffinity, SAL, BRUSH, Alta Resources, GBW, Paramount Workplace

●      COMPANY SIZE: 750+

●    LOCATION: 5900 S. Lake Forest Drive, Suite 300, McKinney, Dallas area, TX 75070

SERVICES:

●      Mobile App Development

●      Testing And QA

●      Software Development

●      Application Services

●      UI/UX Design

●      Managed IT Services

●      IT Consulting

●      Infrastructure Services

3. Brainhub

Img Credit- Brainhub

With their software development services, you can build and modernize software for your business. Apart from this, they also provide solutions at a more competitive rate.

●      TECH STACK: JavaScript, TypeScript, Node.js, React, React Native, and more.

●      CLIENTS: National Geographic, Paradox, BOF, CREDIT SUISSE, beam, Collegial, etc.

●      COMPANY SIZE: 150+

●      LOCATION: Górnych Wałów 26, 44-100 Gliwice, Poland

SERVICES:

●      Web Development

●      Desktop App Development

●      Generative AI Development

●      Mobile App Development

●      Legacy App Modernization

●      Cloud Engineering & DevOps

●      Discovery Workshops

●      Digital Product Development

●      UX/UI Design

4. Pixelcrayons

Img Credit- Pixelcrayons

This Indian company provides custom software development outsourcing services to businesses globally. They have completed more than twelve thousand projects with over 18 years of experience.

SERVICES:

●      Software Engineering

●      Digital Marketing

●      Digital Transformation

●      eCommerce

●      Hire Dedicated Teams

TECH STACK: Python, JavaScript, C++, Express.js and more.

CLIENTS: Panasonic, OTAVA, Gruber Logistics, REAQUA, save, Happy HR, hellopeter, etc.

COMPANY SIZE: 650+

LOCATION: PixelCrayons 3rd Floor, Fusion Square, 5A-5B, Raipur Khadar, Sector 126, Noida, Uttar Pradesh 201303

5. Clarion Technologies

Img Credit- Clarion Technologies

This company is ideal if you want to outsource software product development. It works closely with their clients to help them reach their targets. With over two decades of experience, they offer web and mobile development services.

SERVICES:

●      Web App Development

●      Mobile App Development

●      React Native Development

TECH STACK: Laravel, Node.js, CakePHP, ReactJS, AngularJS, MyQSL, etc.

CLIENTS: NA

COMPANY SIZE: 400+

LOCATION: 4th Floor, Tower S-4, Cybercity, Magarpatta City, Magarpatta, Pune MH 411028 IN.

6. Oxagile

Img Credit- Oxagile

This company has developed various tools for online learning, including LMS and LCMS. Apart from this, they also build products for WebRTC, video streaming, and more. If you are looking for software product development outsourcing, you can contact them.

SERVICES:

●      Custom Software Solutions

●      Product Development

●      Managed Software Engineering

●      R&D

●      Quality Assurance

●      Scalability of Delivery

TECH STACK: JavaScript, HTML, PHP +170 more

CLIENTS: Vodafone, Google, Kaltura, MIT Management Sloan School, Discovery channel, Thomson Reuters, VEON

COMPANY SIZE:

LOCATION: 165 Broadway, 23rd Floor, New York, New York 10006, US

7. Aalpha

Img Credit- Aalpha

Among the top software outsourcing companies in India, Aalpha offers services for desktop, web, and mobile development. This company has experience in application development, which you can leverage for your business.

●      TECH STACK: ASP.NET, MVC, PHP, Laravel, WordPress, IOS, Android, Xamarin, etc.

●      CLIENTS: The World Bank, Bausch & Lomb, WEIR, Securitas, Fairview

●      COMPANY SIZE: 275+

● LOCATION: No. 197, 2nd Floor, 5th Main, 6th Cross Gandhinagar, Bangalore-560009, Karnataka, India

SERVICES:

●      Application Development

●●      Database Development

●      DevOps Consulting Services

●      Cloud Application Development

●      Design Services

●      Ecommerce Development

●      Marketplace Development

●      Mobile App Development Services

●      Software Development

8. BairesDev

Img Credit- BairesDev

They provide nearshore software development outsourcing services for businesses of all scales. Founded by Pablo Azorin in 2009, their main goal is to promote innovation.

SERVICES:

●      QA Testing & Automation

●      Business Intelligence

●      Data Science

●      iOS App Development

●      UX/UI

●      Android App Development

●      Machine Learning

TECH STACK: React, Node.js, Python, .NET, Java, Ruby, PHP, Golang, Angular

CLIENTS: Abbott, Rolls Royce, Pinterest, Viacom, Panasonic, Netgear, and more.

COMPANY SIZE: 4000+

LOCATION: USA, Spain, Brazil, Canada, Colombia, Mexico, Argentina

Conclusion

Thus, we conclude this comprehensive list of top 8 software companies. Outsourcing for your project can initially seem a difficult task. Besides this, check the outsource software development cost before handing over the project. With proper guidance from this blog, you can make an informed decision in selecting the right fit tech partner for long-term business success.

Robert Smith

Robert is a seasoned blogger and digital transformation expert. With extensive experience in SaaS Development Company, OTT services, and the Internet of Things (IoT), he brings a wealth of knowledge to the field. Reach out to him for insights on digital engineering and product development.

www.contus.com/saas-product-development.php

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Performance is the name of the game!

It’s worth knowing why you as a decision maker or a tech buyer should opt for Python when ‘performance’ is a top priority for you and the end users of your software. 

This blog is a one-stop exploration of everything you need to know about Python app development. It solves the great backend dilemma for building a unique app for your business. We will walk you through the reasons you should select Python to build backend apps, the latest Python frameworks in 2024, what types of apps are built using Python, and end the blog with real-world examples of Python usage by the most popular brands. 

What is Python? 

Python is an object-oriented, interpreted, and high-level programming language best suited for speedy application development. It is best used as a glued or scripting language to integrate the existing components through its built-in data structures and extensive libraries that can be used for futuristic technology solutions. 

The Latest Facts on Python Usage 

Being a digitally-savvy business in 2024 means innovating as per the forthcoming technology trends. On the same lines, Python is ahead of all other programming languages by 4.5% as per the TIOBE’s index. 

Why Use Python for Your App Development Project in 2024?

• Python has readable and easy syntax resembling English making it clean and understandable for all. 
• An extensive set of Python libraries enables new-age technology advancement, and development of unique features and functionalities as per the latest tech trends. 
• Python has a huge community of supporters to get instantaneous help when stuck on any project. 
• Python is highly extensible and open for integration with other latest technologies. 
• The adoption of Python is spread across all dominant industries. 

What Type of Software Solutions Are Built Using Python in 2024?

Python programming language is used to build high-performing websites, software products, mobile applications, analyze data, and automate tasks. Python as a programming language is not compiled like that of Java or C++. It is used to build a wide range of platforms and it is not particularly used for any specific problems. 

Python for Web Development 

Python is open-source, has strong and large standard libraries, it’s easy to write the code and test parallelly through a test-driven development process, simplifies the complexities in web development, requires low code maintenance, and is comfortable for all to work on a variety of platforms. 

Use cases of Python for web app development include progressive web apps, Ml-powered chatbots, complex scientific and numeric web apps, data analysis features, integrated animations, and more. 

Python for App Infrastructure Design 

Python simplifies building the app architecture for CAD (Computer Aided Design) automation, unique optimizations, data visualization and analysis, 3D modeling, or integrating geospatial data into design (GIS integration).  

Python for Data Analysis and Data Science

Analysts and data scientists use Python to alter data for analytics, reporting, forecasting, and varied data-powered solutions. Another trending use is Python for data visualization which helps in presentable graphical representation of data. Python provides a range of graphical libraries to create visual data representations as per business needs.  

Python for IoT

Python is apt for IoT app development because it is highly embedded, lightweight, and portable. Python for IoT projects is best suited for wireless sensor networks, software for BLE devices, cyber physical systems, and data analysis. 

Python for AI and ML

Python libraries for Machine Learning provides a standard coding environment that proves best to build AI and ML models. Additionally, Python allows users to access, transform, and process data to accurately enhance the predictions, user experience, and functioning which is apt for Machine learning projects.  

Top Python frameworks for App development in 2024

Django

The prime use of the Django framework of Python is its completeness. It provides an all-inclusive tooling kit in a single package needed to build web apps. If you do not want to go through the initial app development steps for a speedy development process, Django is the perfect choice for your app project. 

Flask

Flask is used more when the project includes microservices. It allows integration of other available libraries for smooth web app development. On the flip, Flask helps users add the features and services one at a time keeping the development process seamless for all. 

Pyramid

This Python framework is highly used for projects that have frequent customizations. It is a great choice for complex projects because it helps users build framework layouts in a single file for faster app development, making it lightweight and compatible with the latest trends. 

Tornado

This Python web development framework is majorly used to enhance the speed of web apps and is used in website and app builds that have heavy web traffic. It is an asynchronous library which works similarly to that of Django. 

Leading Brands That Use Python

Spotify

Spotify app is famous for its recommendation and suggestions feature for the users. It has used Python modules to process the analyzed data for accurate suggestions to the users based on multiple user data analyzed to suggest the most relevant songs, music pieces, or podcasts.  

Odoo

Odoo is a management software that provides a range of business apps to the users managing everything from frontend functionalities to the backend apps written in Python and is one of the best examples of Python business apps. Businesses use Odoo to generate and track leads, develop clientele, monitor performance, and execute long-term customer support. 

Netflix

Netflix has used Python for operational management and data analysis. Gradually, Netflix has started using Python for networking and security purposes. 

Other popular brands that use Python for application development are 

• Instagram
• Facebook
• Dropbox

The Wrap

The answer to why CTOs and tech buyers should opt for Python to build backend apps is not just limited to Python being the most popular and perfect choice for custom web app development projects. Python is a future-proofed programming language that is capable of integrating the upcoming technology trends. 

Most importantly, this programming language has a clean, short, and very simple code structure similar to that of English. Many of the market-leading brands have used Python to build Cloud-powered apps, AI and ML solutions, Blockchain apps, and high-performing complex enterprise solutions. 

It is recommended to consult with an experienced Python development company to get the strategic blueprints on how Python can make your app development journey faster, new-age, and performant that your app users will love. 

Amit Gupta

Amit Gupta is a tech lover and an enthusiastic blogger who completed his B.Tech in Computer Science. An enthusiast of emerging technology and discoveries, he shares valuable views and tips on his blog from his personal experiences. Through his articles, he tries to simplify tech concepts and put readers in the position to take responsible decisions in the rapidly changing digital infrastructure world. Follow me on Facebook and linkedin.

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