endorsedCompleted

Gokyo Reconciler — Rule-based Reconciliation Platform

Services Covered:

Custom Software Development

Industry

Software Development

Duration

6 months

Budget

200K - 999K

Start Date

1 September 2019

Team Size

6-10 Employees

Engagement Model

Onshore

Project Capability Score (PCS)

74/100

Good

Project Capability Score (PCS) estimates how capable Rara Labs 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

Gokyo Labs Pvt Ltd

Nepal

Project Summary

Rara Labs developed Gokyo Reconciler, a rule-based, plugin-enabled reconciliation platform designed to automate data-matching and reconciliation for banking, insurance, and corporate clients. The three-tier web application (PostgreSQL, Python/Golang backend, React front end) was built to be configurable with minimal technical effort during deployment. The team delivered an initial working version ahead of schedule and deployed it successfully in a commercial bank in Nepal.

Key Challenges

Automate the account reconciliation process for banking, insurance, and corporate sectors.
Centralize control functions and improve monitoring and data security.
Reduce operational and audit costs while increasing productivity and efficiency.
Create a configurable, platform-based solution usable across multiple data-matching use cases with minimal technical effort for deployment and operation.

Project Deliverables

Gokyo Reconciler (rule-based reconciliation platform)
Plugin-based, configurable reconciliation platform
Backend services and database (PostgreSQL, Python, Go)
Web presentation layer (React, JavaScript, HTML, CSS)
Workflow and activity-log features for unreconciled items

Project Solution

Rara Labs designed and developed Gokyo Reconciler as a rule-based, three-tier reconciliation platform. They implemented a plugin-based, scalable architecture with a PostgreSQL database, business logic in Python and Go, and a React-based presentation layer. The platform automatically fetches source data, matches transactions, recommends reconciliations for unreconciled items, and supports configurable workflows and activity logging to prioritize and track follow-ups. The vendor followed incremental delivery and customer-involvement principles throughout development.

Project Outcome

Initial working version released ahead of schedule.
Successfully deployed in a commercial bank in Nepal.
Improved development responsiveness and collaboration; project tracking used Trello and Spreadsheets and communication used Slack.

Platforms

Tech Stack

PostgreSQL
Python
Go
React.js
JavaScript
HTML
CSS

Client Endorsement

Overall Review Rating

4.88

Timeliness

Cost Rating

Willing to Refer

Quality of Deliverables

“Raralabs successfully delivered an optimal solution in a timely manner. The team demonstrated a smooth workflow by involving the internal team, communicating well, and tracking the progress thoroughly. They were experienced and experts in the industry, which stood out in the partnership.”
Utsaha Bhattarai
Director
Date: 07/30/2022