Embedded Files
PROBLEM STATEMENT:
Creating an Invoice Management System that allows businesses to efficiently manage customer purchases, track payments, generate invoices, and monitor outstanding balances. This system will streamline the process of creating and storing invoices, managing customer details, and ensuring timely payments. It will also provide insights into payment statuses, overdue invoices, and overall financial records to help businesses maintain accurate accounting and improve customer satisfaction.
OBJECTIVE:
The goal of the Invoice Management System is to streamline the billing process by organizing customer transactions and monitoring payments. It aims to improve financial tracking by offering clear visibility into purchase records and unpaid amounts. Additionally, the system will provide useful reports to assist in managing finances efficiently.
Sustainable Development Goal (SDG) 9: Industry, Innovation And Infrastructure
Target 9.5: Enhance research, upgrading technological capabilities of industrial sectors in all countries. The invoice management system helps businesses adopt modern technological solutions to streamline operations and improve financial practices
Functional Requirements:
Customer Management: The system should allow the creation and storage of customer profiles, including personal and payment information, for easy access and management.
Invoice Creation: The system should automatically generate invoices based on customer purchases, ensuring accuracy and consistency in billing.
Payment Tracking: The system should track customer payments in real-time and update invoice statuses (paid, pending, overdue).
Reports Generation: The system should generate financial reports to provide insights into sales, payments, outstanding balances, and overdue invoices.
Notifications and Reminders: The system should send payment reminders to customers via email and reduce payment delays.
Non-Functional Requirements :
Performance: The system shall process and generate invoices within 3 seconds to ensure fast and efficient operations.
Security: The system shall ensure secure handling of sensitive customer and payment data through encryption and access controls.
Scalability: The system shall be able to handle up to 10,000 customer profiles and invoices without any degradation in performance, allowing it to grow with the business
:
Page updated
Report abuse