ASIC Business Registration Service (BRS) App

Trade Finance Portal
February 15, 2022
Logistics CRM
September 14, 2019

About the customer

Taxvisors is Financial & Taxation Services firm based out of Melbourne

Problem Statement

Taxvisors used a Company Registration system called Edge, a system that is used to register companies with ASIC. A legacy and highly expensive system making company registration service unattractive for Taxvisor clients. Taxvisor was looking for way make Company registration cost-effective and efficient offering for their clients.

Our Approach

We started with the product vision, Defined the project scope, and captured user requirements. Then we created an execution plan based on the Agile software development framework. We divided product feature delivery into multiple sprints. At the end of each sprint, we accommodated user feedback and then rolled out the feature.

Solution Design

We design a modular solution allowing for easy enhancements and API integration with multiple entities like the payment processor, ASIC, and the application database.

ASIC Business Registration Service App

A We built a Web-based Application that allows for the registration of new businesses using the ASIC BRS API Service. ASIC, the Australian Securities and Exchange Commission(ASIC) has a SOAP-based interface that allows 3rd parties to connect, register and pay for company registrations using a credit card. ASIC registered Agents, accountancy firms and consultants can use this service and directly register companies with ASIC at a reduced cost of AU$506 per registration - $100 less than when used with Edge.

The application easily guides the users(Taxvisor staff) on how to fill and process the application. Once completed the application provides a transaction number issued by ASIC and a link to the company registration certificate.

Stage based Integration

Capturing complex business process