How much does it cost to build a document management app for the finance sector?

Standard price for a document management app for the finance sector: $37,500

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What is a document management app for the finance sector?

A document management app for the finance sector helps finance professionals manage documents, including contracts and agreements. The application should allow users to upload papers from their computer, import them from a cloud storage service, or directly scan a paper into the app with a mobile device's camera. A good document management app for finance professionals should also include features that let them organize their documents by category and add notes to each file.

Document management apps are often related to other enterprise business apps, such as enterprise collaboration apps, customer support apps, and recruiting apps. Popular document management applications include Google Drive, Microsoft Office 365, Dropbox, and Box.

Here are some recent document management app for the finance sector examples built with Crowdbotics:

  • A customized, enterprise document management app for the finance industry that allows users to consolidate workflows associated with gathering information from clients, verifying identities, and collecting payments.

  • A document management app built for a company in the finance industry that helps users secure home loans. Data collection and verification is heavily automated for this app so that verbal and/or physical qualification is not necessary.

What is the typical cost to build a document management app for the finance sector?

A document management app for the finance sector usually costs $37,500 to build. However, the total cost can be as low as $25,000 or as high as $50,000. A document management app for the finance sector with a low number of features (also known as a "minimum viable product", or MVP) will be more affordable than an app that includes all intended functionality.

For example, here are some recent price quotes for a document management app for the finance sector from Crowdbotics:

  • $25,199

  • $45,000

How long does it take to build a document management app for the finance sector?

A document management app for the finance sector usually takes 468 hours to build. However, a document management app for the finance sector can be built in as few as 168 hours, or in as many as 867 hours. The exact timeline mostly depends on how complicated your app is. As a general rule, it will take longer if you require highly custom designs, niche features, or non-standard release platforms.

For example, Crowdbotics produced the following recent hourly estimates for a document management app for the finance sector:

  • 336

  • 600

How to successfully grow your document management app for the finance sector

A document management app can grow rapidly by demonstrating that it provides a high level of value for a specific type of user. There are many document management apps on the market today, and users choose their productivity apps based on the platforms that speak directly to their needs. Document management apps need to show users that they understand how they work, and they also need to demonstrate that there is a large pool of eligible users already on the platform.

Risks and challenges of building a document management app for the finance sector

A document management app for the finance sector should be aware of the risks associated with the handling of sensitive financial data. It is advisable to seek legal counsel to determine whether your application is subject to standard brokerage regulation. It is also recommended that you take steps to ensure that your application meets capitalization standards appropriate for the behavior of sophisticated traders, and it is recommended that you leverage secure third-party payment processing APIs for transferring money.

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Some of the descriptions on this page were completed with AI assistance. Learn more here.