FINANCIAL CONSULTANCY PORTAL

Contents of Report-

 Abstract
 Index
 Chapter I - Introduction
 Chapter II- System Analysis
 Chapter III- Feasibility Report
 Chapter IV-System Design
 Chapter V- Output Screen
 Chapter VI- System Security
 Chapter VII- Conclusion
 Chapter VIII- Future Improvement
 Chapter IX- Bibliography

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Abstract

This is a project for financial consultancy web-portal. The basic idea is that clients can
buy consultancy, advisory and other financial services through online. The clients can create the
username and password to create an account and then generate the receipt of the services
purchased through payment gateway.

The financial consultancy portal enables consulters to set up online services and
guidance, clients can browse through the services offered, and a system administrator to approve
and reject requests for services. The clients can even calculate their approximate tax values
excluding deductions, this service is made free of cost to the clients. Various others services with
combo prices to attract the clients to buy it are made available.

This web-portal is made in an attractive manner to fetch clients to this portal and choose
this over boredom financial consultancy websites. Various services and acts of financial
consultancy are listed in the services division of the web portal.

A consulting or consultancy firm is a business of one or more experts (consultants) that provides
professional advice to an individual or an organization for a fee. Consultancy aims the executives of
companies by providing them with consultants, also known as industry-specific
specialists/consultants and subject-matter experts, usually trained in management or business
schools. The deliverable of a consultant is usually advice or a recipe to follow to achieve a company
objective, leading to a company project. More and more consulting firms are complementing the
strategic deliverable by providing the means to implement the recommendations, either with the
consultants themselves or by providing technicians / experts, which has opened up new markets for
these companies. This is called outsourcing.

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INDEX –
CHAPTER TOPIC PAGE NO.
NO.

1 INTRODUCTION

1.1 ORGANIZATION PROFILE

1.2 PURPOSE OF THE PROJECT

1.3 PROBLEMS IN EXISTING SYSTEM

1.4 SOLUTION OF THESE PROBLEMS

2 SYSTEM ANALYSIS

2.1 INTRODUCTION

2.2 ANALYSIS MODEL

2.3 STUDY OF THE SYSTEM

2.4 STUDY OF THE PROBLEM

2.5 PROJECT SCOPE

2.6 OBJECTIVES

2.7 PROPOSED SYSTEM

2.8 INPUT AND OUTPUT

3 FEASIBILITY REPORT

3.1 TECHNICAL FEASIBILITY

3.2 OPERATIONAL FEASIBILITY

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3.3 ECONOMIC FEASIBILITY

4 SYSTEM DESIGN

4.1 INTRODUCTION

4.2 SYSTEM WORKFLOW

4.3 DATA FLOW DIAGRAM

5 OUTPUT SCREENS

6 SYSTEM SECURITY

7 CONCLUSION

8 FUTURE IMPROVEMENT

9 BIBLIOGRAPHY

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CHAPTER – I

1. INTRODUCTION -

The aim of this project is to create a financial consultancy website application, it

developed using HTML5, CSS, JAVA and HTML. This application is very useful for various
types of business and companies. This website can be used by the key managerial persons of a
company or a business to avail the services and guidance for prices as stated. The application is
very useful where the client can directly buy the services from home/office via the web-portal.
The web-portal reduces lot of work load for clients in finding the approximate values of their
income tax. The transaction of money is completed in real time system. Some of the online
financial consultancies are Merrill Lynch PBIG, Morgan Stanley Wealth Management, Morgan
Stanley Private, UBS Financial Services and etc.

A financial adviser is a professional who suggests and renders financial services to clients based
on their financial situation. In many countries Financial Advisors have to complete specific training
and hold a license to provide advices. In the United States for example a financial advisor carries a
Series 65 or 66 licenses and according to the U.S. Financial Industry Regulatory Authority (FINRA),
license designations and compliance issues must be reported for public view. FINRA describes the
main groups of investment professionals who may use the term financial adviser to be: brokers,
investment advisers, accountants, lawyers, insurance agents and financial planners.

Financial advisers typically provide clients/customers with financial products and services,
depending on the licenses they hold and the training they have had. For example, an insurance
agent may be qualified to sell both life insurance and variable annuities. A broker may also be a
financial planner. A financial adviser may create financial plans for clients or sell financial products,
or a combination of both. They also provide some insight on savings

Financial consulting is a service provided by Certified Financial Consultants to large

corporations, government agencies and individual clients. The role of a financial consultant is to
provide an independent, expert opinion on a proposed business plan or decision. There are two
main types of financial consulting: business and personal.

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Companies who require expertise in accounting, finance, insurance and other aspects of finance
hire a business financial consultant. Individual clients use the services of financial consultants to
manage their investments, property holdings and long-term financial plans. The skills required
for these two roles are slightly different, as are the client expectations.

A Certified Financial Consultant(CFC) is a professional designation obtained from The Institute

of Financial Consultants, upon successful completion of an education program and examination.
This designation is internationally recognized and is an important professional credential to
obtain a position in this field. CFC's are required to complete professional development courses
each year to ensure they are up-to-date on the latest theories and business practices.

In a business financial consulting arrangement, the client has a specific plan or concept they want
an independent opinion about. The role of the consultant is to review the proposed plan and
identify strengths and weaknesses. They are also expected to provide advice on risk
management, pending government regulations, industry trends and long-term viability.

This type of work requires a background in accounting, finance, insurance and business
management. Consultants usually have ten to fifteen years of practical experience in a wide
range of related positions, prior to becoming a consultant. These experiences add value and
perspective.

Personal financial consulting is usually a service required by people with significant financial
resources and a complex investment portfolio. These services include investment advice,
taxation planning, income management, risk assessment and long-term planning. These issues
must be actively managed by a professional to obtain maximum benefit with the lowest amount
of risk possible.

Consultants who specialize in this area usually have a background in accounting and financial
planning. A minimum of five years’ experience in personal finance management is important, as
is an open communication and review process. Although some firms offer estate planning,
always consult with a lawyer on these issues to avoid any problems for your beneficiaries.

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Financial consulting offers a wealth of opportunities for employment, career advancement and
professional growth.
Clients want from consultants
They are essentially looking at three or four key things. The first is a better understanding
of consumers and customers which goes beyond the standard market research of insights and
churning numbers. In today's age of the social media, clients are looking for insight into how
customers are going to behave in the future. The second area is innovation. In the Indian context
of the growing economy you need to innovate on product and process and in both these areas
clients are saying to consulting firms—how can you help us to do things differently, think out of
the box because that is what is going to help drive customers. The next phase of growth for most
Indian consumer goods companies is coming from the rural areas. Companies are focussed on
getting to rural (and other) markets faster, cheaper and better and they want management
consultants to help them get there.

Consultants structure themselves for

Broadly, it is through strategy, operations, and technology practices. Simply put, strategy
practices are concerned with the “faster” aspect—growth, top line, new product initiatives,
launching new lines of businesses, and so on. The operations practices are concerned with cost
reduction, while technology enables “better”, which is about creating a USP for the brand.
Today, technology is enabling and restructuring businesses and a case in point is the banking and
financial industry where technology has played a disruptive role. For example, at one time banks
kept opening new branches to serve customers. Then banks diverted customers to ATMs to save
on the costs of manpower, logistics and efficiency. Then they realized that ATMs need to be
serviced, and there were a lot of cash management, transportation and logistics issues, so they
diverted them to the Internet. So clients are looking for technology as an enabler in driving
serious transformation of their businesses
.
Structure of a consultancy firm

Typically, there is a pyramid within most consulting firms and there are four or five
levels. At the bottom is the analyst who is supposed to find the problem, crunch data, discuss
with the client team and try and construct/ refine the problem definition. Above him is the
consultant who is supposed to translate that data and put various data points together into
observations. The layer above the consultant is the manager who draws conclusions based on the
data points and the hypothesis given to him. We move up the pyramid to the area of a senior
manager or principal. The principal recommends to the client what to do and most consulting
organizations have a role called partner managing director who is a corporate over-head, and
who supports the management of relationships with clients.

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 1.1 ORGANIZATION PROFILE-

AJ & Co is one of the world's leading management consulting firms. We work with top
executives to help them make better decisions, convert those decisions to actions and deliver the
sustainable success they desire. For more than 40 years, we've been passionate about achieving
better results for our clients—results that go beyond financial and are uniquely tailored,
pragmatic, holistic and enduring. We advise global leaders on their most critical issues and
opportunities: strategy, marketing, organization, operations, information technology, digital
transformation and strategy, advanced analytics, transformations, sustainability, corporate
finance and mergers & acquisitions, across all industries and geographies. Our unique approach
to traditional change management, called Results Delivery, helps clients measure and manage
risk and over-come the to realize results. One of the top notch in world ranking for consulting
services. We've worked with the majority of the Global 500, thousands of major regional and
local organizations, hundreds of nonprofits, and private equity funds representing 75 percent of
global equity capital. We are proud of our clients' track record, like the fact that our public
clients have historically outperformed the stock market 4 to 1.

AJ & Co PROVIDES SERVICES SUCH AS-

 Advanced Analytics

 Digital

 Mergers & Acquisitions

 Performance Improvement

 Customer Strategy & Marketing

 Information Technology

 Operations

 Income Tax Calculation

We apply technology with innovation and responsibility to achieve two broad objectives:

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  Effectively address the business issues our clients face today.
 Generate new opportunities that will help them stay ahead in the future.

1.2 PURPOSE OF THE PROJECT

The financial consultancy portal provides a bird eye view of various services and
guidance offered by the consultancy firm and also helps the client’s to buy the best package
suitable for their company needs. The website will show all services and guidance’s offered
along with the price quoted offers in categorized manner. Clients can browse any product for its
price and other details and can order the services. Orders need’s to be accompanied by shipping
and billing detail. Client has to pay order amount online through credit cards/debit cards.

The main purpose of the system is to enable clients to browse through the
webpage and avail the service listed in the website. The client can also make use of
the income tax calculator to find out the gross tax payable excluding the deductions.
The client can also avail to combo offers which are available under the pricing
division. Payment can be done directly through the payment portal that is available
through the link provided. Payment can be done through Debit/Credit cards. In case
of any queries the clients can contact the admin of the page through listing the
details needed along with their queries. Some of the queries can be answered
through the FAQ tag provided.

1.3 PROBLEM IN EXISTING SYSTEM

The existing system is not user friendly, it is too systemized. It needs to be converted into
system of user friendly and attractive.
 Risk of mismanagement of data.
 Less Security.
 No proper coordination between different Applications and Users.

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  Fewer Users - Friendly.
 Accuracy not guaranteed.
 Not in reach of distant users.
 Technically not updated
 Slow process

1.4 SOLUTION OF THESE PROBLEMS

The development of the new system contains the following activities, which try to make the
existing system user friendly..
1. User friendliness is provided in the application with various controls.
2. The system makes the overall project management much easier and flexible.
3. There is no risk of data mismanagement at any level while the project development is
under process.
4. It provides high level of security with different level of authentication.
5. Users from any part of the world can make use of the system.
6. New system will process accurate results.
7. New system will be much better in performance as compared to existing one.
8. Income tax calculation is made in no time.

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 CHAPTER - II

ANALYSIS

2.1. Study of the Problem

The current consultancy system is critical to set up and offers online services, clients to
browse through the services, and a system administrator to approve and reject requests for new
clients and maintain lists of services and guidance categories. This is a small scale project for
online financial consultancy system. The basic idea is that the clients can avail free services like
income tax calculation and other services for a price. The client can also avail the guidance from
the top consulters around the world. Online guidance can be provided round the clock and the
services can be purchased anywhere from the globe at any time. Unlike any other consultancy
firms, our firm will deliver quick response to your numerous queries and the there need not be a
question of accuracy of the analysis, as they are done by the top consultants in the world. Clients
are requested to sign-up in case of new clients and sign-in in case of existing clients

Customer can view their product details using the card details. This online shopping system
involves with two types of users.

 CUSTOMERS
 ADMINISTRATOR

CUSTOMERS ROLE –
The customers can login to the system. He / She can view his / her product details and
buy their products. The customer can just view the information whereas he / she could not make
changes in the database.

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ADMINISTRATOR ROLE –
The administrator plays a vital role in the online shopping system. The administrator
controls the entire database. The report of the product is generated by the administrator itself.
The main role of the administrator is to safe guard the database and can add / delete the products
from the database.

2.2. PROJECT SCOPE

The supplementary specification applies to online shopping system. This specification
defines the non-functional requirement of the system such as:

Functionality:
Since it stands alone application, one or more user may use it at a time.

Usability:
Software Required-

 Desktop interface
 Windows 98/2000/XP/7/8/10
 Sublime Text 3.ink

Technology:
 Front End: HTML, CSS
 Back End:
 Database:

Hardware Required-

 PIV 2.8 GHz Processor and Above

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  RAM 512MB and Above
 HDD 20 GB Hard Disk Space and Above

2.3 Objectives-
The purpose of this document is to define the requirements of online shopping
system. This supplementary specification lists the requirements that are not readily
captured in the use case model. Supplementary specification and the use case model
captured a complete set of requirement of the system.

2.4 Proposed System-

To debug the existing system, remove procedures those cause data redundancy,
make navigational sequence proper. To provide information about audits on different level and
also to reflect the current work status depending on organization/auditor or date. Required to
build strong password mechanism.

Feasibility Study-

Preliminary investigation examines project feasibility; the likelihood the system will be useful
to the organization. The main objective of the feasibility study is to test the

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technical, Operational and Economical feasibility for adding new modules and debugging o l d
r u n n i n g s ys t e m . A l l s ys t e m i s f e a s i b l e i f t h e y a r e u n l i m i t e d r e s o u r c e s a n d
i n f i n i t e time. There are aspects in the feasibility study portion of the preliminary investigation:
 Technical Feasibility
 Operation Feasibility
 Economic Feasibility

Technical Feasibility-
 Does the necessary technology exist to do what is suggested?
 Do the proposed equipment’s have the technical capacity to hold the data required to use
the new system?
 Will the proposed system provide adequate response to inquiries, regardless of the
number or location of users?
 Can the system be upgraded if developed?
 Are there technical guarantees of accuracy, reliability, ease of access and data security?

Operational Feasibility-

 Is there sufficient support for the management from the users?

 Will the system be used and work properly if it is being developed and implemented?
 Will there be any resistance from the user that will undermine the possible application
benefits?

Economic Feasibility-

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A system can be developed technically and that will be used if installed must still
be a good investment for the organization. In the economic feasibility, the development cost in
creating the system is evaluated against the ultimate benefit derived from the new
systems. Financial benefits must equal or exceed the costs.
The system is economically feasible. It does not require any addition hardware or
software. Since the interface for this system is developed using the existing
resources and technologies available at NIC.
T h e r e i s n o m i n a l e x p e n d i t u r e a n d e c o n o m i c feasibility for certain.

Login Page-

Signup Page-

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Home Page-

Shopping Page-

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Cart Page-

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Payment Page-

Payment Conformation Page-

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CHAPTER - III

DATA FLOW DIAGRAMS

A data flow diagram is graphical tool used to describe and analyze movement
of data through a system. These are the central tool and the basis from which the
other components are developed. The transformation of data from input to output
through processed, may be described logically and independently of physical
components associated with the system. These are known as the logical data flow
diagrams.

Designing-

ADMIN Management Log in USER

Reports

Information User
Update Information
ONLINE SHOPPING Update
PORTAL

Error Error
Feedback Correction

MAINTENANCE
& TECHNICAL
SUPPORT

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