Digi Khata Problem along complete plan.pptx

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1. Digi Khata Safia Mubeen (22-CP-16) Tanveer Ahmad Khan (22-CP-76)

2. Overview of Digi Khata Introduction to Digi Khata Brief overview of the Digi Khata platform for digital financial management for small businesses. Need for Digital Solutions Exploring the increasing demand for digital platforms catering to small businesses' financial needs. Key Benefits Highlighting the advantages that Digi Khata offers to small business owners for efficient financial management .

3. Problem Statement To avoid from errors Small businesses and entrepreneurs struggle with traditional bookkeeping methods, resulting in inefficiencies, errors, and difficulty in accurately tracking financial transactions. Drawback of manual processes Manual processes are time-consuming, error-prone, and lack accessibility, hindering operational efficiency and decision-making. Potential Financial mismanagement This leads to potential financial mismanagement and missed opportunities for business growth.

4. Aim and Objectives Primary Goal To develop a user-friendly digital ledger system for small businesses . Key Objectives To automate transaction recording, facilitate easy access to transaction history, and provide analytics for informed decision-making. Monitoring Progress Regularly tracking system usage and gathering user feedback to enhance the platform's effectiveness.

5. Understanding User Needs User Pain Points Identifying the main pain points for small business owners in managing their finances and bookkeeping . Feature Prioritization Understanding the features and capabilities small business owners prioritize in a digital financial management platform. User Experience Insights Insights gathered from user interactions and experiences with existing financial management tools.

6. Key Features and Functionalities Accounting Features Highlighting the accounting and financial tracking capabilities of the Digi Khata app . Invoicing and Payments Exploring the invoicing and payment functionalities to facilitate seamless transactions for small businesses. Reports and Analytics Sho wcasing the reporting and analytics tools that provide valuable insights for business decision-making .

7. Overall Architecture Database and Storage Developing a secure and scalable database structure for storing transaction records and user data. System Design Creating a robust system design to ensure efficient processing of transactions and seamless user experience. User Interface Designing an intuitive and user-friendly interface for easy navigation and access to features.

8. Deliverables Final Product The developed mobile application and cloud-based software for managing digital transactions. Handover Process Efficiently transferring the developed systems and providing necessary training and support to the client. Client Satisfaction Ensuring that the client is content with the delivered product and services provided.

9. Unique Selling Proposition Simplicity and Accessibility Offering a simple and accessible digital ledger system for businesses of all sizes. Real-time Analytics Providing valuable real-time insights to help businesses make informed decisions. Seamless Integration Enabling seamless integration with existing accounting software and banking systems for convenience.

10. Challenges Faced Market Challenges Identifying the difficulties faced by small businesses in managing their finances within the market. Technological Hurdles Exploring the challenges related to technology adoption and digital financial tools implementation. Operational Obstacles Addressing the operational challenges small business owners encounter in tracking and managing their finances.

11. Business Plan Market Analysis Understanding the target market, competition, and potential for growth in digital transaction management . Financial Projections Forecasting the revenue and expenses associated with developing and maintaining the digital ledger system. Strategic Partnerships Identifying and leveraging strategic partnerships to enhance market reach and product offerings.

12. Tools and Techniques Development Technologies Selecting appropriate programming languages and frameworks for efficient application development. Security Measures Implementing robust security measures to protect user data and financial transactions. Testing and Quality Assurance Using rigorous testing procedures to ensure the reliability and functionality of the developed systems.

13. Related Apps on Play store QuickBooks Features: Provides expense tracking, invoicing, and reporting functionalities. Installs: Over 5 million installs. Ratings: Rated 4.3 out of 5 . Wave Accounting Features: Offers accounting, invoicing, and receipt scanning capabilities. Installs: Over 1 million installs. Ratings: Rated 4.6 out of 5 . Tally ERP 9 Features: Offers comprehensive accounting, inventory management, and taxation tools. Installs: Over 1 million installs. Ratings: Rated 4.5 out of 5 .

14. Proposed UI for the App

15. App Security Measures Data Encryption Discussing the encryption methods and data protection measures implemented for securing sensitive financial information. Access Control Exploring the access control mechanisms to ensure authorized access and prevent unauthorized use of the app. Threat Detection Addressing the proactive measures taken to detect and mitigate potential cybersecurity threats and vulnerabilities.

16. Data Privacy Considerations User Consent Mechanisms Highlighting the mechanisms through which users provide consent for data collection and processing. Data Storage Practices Addressing the best practices for data storage and management to ensure user privacy and security.

17. Monetization Strategies Subscription Model Implementing a monthly or annual subscription plan for access to premium features and support. Transaction Fees Charging a small fee for high-volume transactions processed through the platform. Partnership Programs Collaborating with financial institutions and service providers to offer mutually beneficial partnership programs.

18. User Feedback and Improvement Areas Feedback Collection Details about the methods used to gather feedback from small business owners on their experience with the Digi Khata app. Improvement Prioritization How user feedback is prioritized and incorporated into the continuous improvement process for the Digi Khata app. Enhancement Roadmap Exploring the planned enhancements based on user feedback to further improve the Digi Khata app.

19. Future Developments Technology Integration Exploring the future advancements and technologies that will be integrated into Digi Khata for enhanced functionality. User-centric Design Focus on designing future developments based on user needs and feedback for an improved user experience. Market Expansion Strategies and plans for expanding the reach and offerings of Digi Khata in the evolving market landscape.

20. Conclusion Achievements Highlighting the milestones achieved and goals met during the Digi Khata project. Key Learnings Digi Khata offers a user-friendly solution to the challenges of traditional bookkeeping for small businesses. With features like offline support and integration with payment gateways, it stands out among existing apps. Its comprehensive business plan and robust architecture position it as a catalyst for efficiency and growth in the small business ecosystem

21. References "The challenges of traditional bookkeeping for small businesses." Small Business Trends. [Online]. Available: https://smallbiztrends.com/2019/06/challenges-of-traditional-bookkeeping.html "Why traditional bookkeeping methods are outdated for modern businesses." Entrepreneur. [Online]. Available: https://www.entrepreneur.com/article/294977 "Tally ERP 9 - Apps on Google Play." Google Play Store. [Online]. Available: https://play.google.com/store/apps/details?id=com.tspl.tallyerp9&hl=en&gl=US "QuickBooks Accounting: Invoicing & Expenses - Apps on Google Play." Google Play Store. [Online]. Available: https://play.google.com/store/apps/details?id=com.intuit.quickbooks&hl=en&gl=US "Wave Invoicing - Billing & Finance - Apps on Google Play." Google Play Store. [Online]. Available: https://play.google.com/store/apps/details?id=com.waveinvoicing&hl=en&gl=US