endorsedOngoing

Contract Automation Platform for Banking & Finance

Services Covered:

Custom Software Development

Industry

Financial Services

Duration

67 months

Budget

Confidential

Start Date

1 January 2021

Team Size

1-5 Employees

Engagement Model

Nearshore

Project Capability Score (PCS)

78/100

Good

Project Capability Score (PCS) estimates how capable OAK'S LAB is of successfully delivering a project like this, based on its past experience, track record, and ability to handle similar work. Learn more about PCS

Client

Simyra

London, United Kingdom

Project Summary

OAK'S LAB provided custom development services to build a web platform that automates legal and finance-related manual tasks for a legal/FinTech company. The team built the product from a basic Bootstrap framework using a phased approach (scoping, building with user testing, and design/development/testing) and applied AI/ML tools for contract parsing. Early internal user tests and demonstrations with potential customers were positive, and the client praised the team's project management and proactiveness.

Key Challenges

Build a platform that automates manual tasks performed by banking and finance professionals.

Project Deliverables

Custom web-based platform
Key-term extraction from uploaded legal agreements
Keyword search across documents and contracts
User testing and iterative design
Support materials for sales, marketing, and fundraising

Project Solution

OAK'S LAB built a custom web platform from a Bootstrap starter, executing a three-month phased engagement: month one for scoping, month two focused on building with user testing, and month three on design, development, and testing. The team implemented AI/machine-learning tools to extract key terms from uploaded legal agreements and added keyword search across large numbers of pages and contracts. They completed the first phase of development and also provided support for sales, marketing, and fundraising.

Project Outcome

Positive internal user testing indicating the platform works as needed
Positive feedback from demonstrations praising user-friendliness, design, and functionality
Strong project management with regular communication and responsiveness

Platforms

Tech Stack

Bootstrap

Client Endorsement

Overall Review Rating

Timeliness

Cost Rating

Willing to Refer

Quality of Deliverables

“OAK'S LAB's work has received great feedback from the client's internal team and potential customers. Test users have praised the platform's user-friendly navigation, solid functionalities, and overall design. The team is knowledgeable, dynamic, and excels at project management and organization.”
Nihaal Khanna
CEO
Date: 04/26/2021