Piedwork

The world's first revenue & receivables tracking platform.

About

Piedwork is a platform that simplifies the accounting for your company. It is a comfy solution that collects data sets from statistical information and sums it up as diagrams. The data is visualized in many ways using different types of charts so you can see the dynamics. The platform could also provide the data shattered for your departments. 

Piedwork allows creating the reports, invoices, payments, and plans in a few clicks. It helps you make crucial management decisions based on illustrated and intuitive financial data.

industry: software development, accounting

Background

Maintaining a PM's statistics on the income of developers in a spreadsheet is a bad idea. A large number of sheets requires a lot of time to check. If each of these were also fulfilled differently, the whole process turns into development hell.

It's hard to make effective decisions when you can't understand what's going on with the developer's workload. Add here project income figures and a necessity to fill the invoices of the work performed.

The Piedwork platform is a great solution that provides a clean and smart view of statistical data collected by a wide range of departments within a company. It visualizes project information in the form of understandable graphs. This allows you to instantly understand the current situation on a project and make the right decisions.

Launch Project

Objectives

Speed up the decision-making process on projects based on summary data. This includes information about the hours worked, the amounts of income accrued, invoices issued, and the funds received from them.

Provide an opportunity to analyze reports on the work done. This is visualized in the form of hours and the corresponding amounts of accrued income for each project, employee, and even manager.

Avoid the human error factor when filling out reports on the employee's work done during the day. Unify and simplify the reporting format. Get a centralized reporting system for Sales and PM departments.

How it works

In a Piedwork account, you should start with creating your project and specialist profiles first. Then combine these using a contract that specifies the terms of work. After that, you will need to add reports on the job done. You get the opportunity to view statistics from the side of the project, manager, specialist, or contract, as well as general analytics.

Challenges & solutions

challenges

solutions

challenges

solutions

benefits

Challenge

Forecasting the implementation of plans based on the hours worked for the current period. Determination of the expected financial result based on forecasts.

Solution

The system for daily determination of the effectiveness of the plan in percent based on existing reports. Each plan is pre-specified for the month.

The system of the predicted amount of earned funds at the end of the reporting period based on the current speed of the work plan.

Benefit

Challenge

Planning work for the month. Estimation of the expected number of hours worked and the corresponding amount of money.

Solution

A system for plans implementation by the hour for a certain month. Automatic calculation of the amount of money expected to be earned.

Benefit

Challenge

Analysis of the effectiveness of the work done for each day. This is carried out by observing the number of clocked and bench hours.

Solution

The daily chart of  tracked hours by each employee for a month.

Rating of specialists, PMs, and Sales managers by the number of hours spent and money earned on the project.

Benefit

Challenge

Tracking payments, determining the total amount of accounts receivable (AR).

Solution

The system for making both partial and full payments on invoices. 

Restriction of the reporting period from which AR is calculated. 

Determination of AR for each manager and project separately.

Benefit

Challenge

Determining the profitability of all the work done for a specified period.

Solution

The profitability chart for each employee for each day and a cumulative total for the entire month.

Benefit

Key features

Smart reporting functionality.

Real-time overview of staff workload.

Overall/detailed profitability charts and statistics.

Overall/detailed revenue and statistics charts.

Company holidays and extra working days calendar.

Receivables.

Invoices management.

Earnings.

Stack of technologies

Frontend:

React

NextJS

Redux

Styled Components

NestJS

TypeORM

PostgreSQL

Redis

Recharts

Linode

Cloudinary

Backend:

React

NextJS

Redux

Styled Components

NestJS

TypeORM

PostgreSQL

Redis

Recharts

Linode

Cloudinary

Databases:

React

NextJS

Redux

Styled Components

NestJS

TypeORM

PostgreSQL

Redis

Recharts

Linode

Cloudinary

3rd-parties:

React

NextJS

Redux

Styled Components

NestJS

TypeORM

PostgreSQL

Redis

Recharts

Linode

Cloudinary

Testing:

React

NextJS

Redux

Styled Components

NestJS

TypeORM

PostgreSQL

Redis

Recharts

Linode

Cloudinary

Hosting:

React

NextJS

Redux

Styled Components

NestJS

TypeORM

PostgreSQL

Redis

Recharts

Linode

Cloudinary

Results

Results

794

Total projects

107

Total workspaces

196

Total user accounts

42447

Total reports

01.

We created an intuitive and functionally complete system for keeping records of hours worked.

02.

Time is taken into account by the hours, the money accrued for them, the invoices issued, and the funds, received from such invoices.

03.

All information is presented as tables and graphs using carefully calibrated UX best practices.

04.

The platform allows managers and company executives to instantly make decisions at any stage of the project life cycle. There's no need to wait for the end of the reporting period.

Roadmap

August 2019

Project Planning

Assembled the team to work on the project.
Market research.
Converted our ideas into a project Mindmap.
Drew up a list of core features.

September 2019

Prototyping

Created technical specification.
Software Architecture Development.
Зарегистрирован домен https://piedwork.com.
Design and UI/Wireframing.

October 2019

Initial Deployment

Backend prototyping.
Authentication and Authorization scenarios had been declared and implemented (OAuth2.0).
Server Side Deployment.
MVP Frontend application had been deployed.

November 2019

Key features development

Projects, Employees and Contracts modules had been released.

Invoices, Payments and Receivables modules had been released.

Profitability module had been released.

December 2019

Closed Alpha

The release of the Closed Alpha version.
Closed Alpha insights report.
Minor improvements and bug fixing.
Deployment to partnered companies.

January 2020

Open Beta

Getting feedback from partnered companies about working with the Piedwork.
The release of the Open Beta version.
Open Beta insights report.

February 2020

Application maintenance.
The Holidays and Extra working days module had been released.
Minor improvements and bug fixing.

March 2020

Production Improvements

Increasing the number of registered companies and customers.
Getting feedback from customers.
Improving statistics visualisation.

Testimonials

Artem Belousov

CEO Natife

The versatility to create reports in Piedwork is excellent! I can manipulate how the report looks, what it contains, and what data is available. For a small business, it provides an easy and fast process system for everything from accounts payable to accounts receivable. I finally understand precisely where our money is going each month, and am able to recognize patterns and strategize.

Testimonials

Let us be your biggest success story!

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Explore the latest experience

Find out more information about our recently developed projects from the case studies we delivered to our clients either launched by us on the following pages: