Revenue protection software

Dairy Revenue Protection /product

A software solution created to protect revenue and commodities prices.

Cross-functional development team consisted of

  • Architect
  • Project manager
  • Backend developers
  • Frontend developers
  • Quality assurance engineer

Dairy Revenue Protection is a simple crop insurance program that allows producers to put a floor on a milk income and manage dairy price risks. This allows them to cover their losses if the milk or commodity market price goes down.

coverage of

0 %
of US milk production in 2020

CONCEPT

This software is designed as a simple insurance solution that sets the minimum (lower limit) of milk income for a farmer. A farmer pays insurance to make sure that the milk price will be at least one that he paid for. Dairy Revenue Protection is implemented as a calculator that calculates the premiums (insurance cost), expected income, and guaranteed income based on the milk quantity, quality, location, insurance period, and current milk price.

TECHSTACK

Backend

Java Spring Boot with Hibernate and JPA
Liquibase

Frontend

Angular

Database

 In-memory solution

Build and deployment

AWS

VALUE

Dairy Revenue Protection serves as a tool for U.S. dairy producers that protects them from market volatility. 

It insures against unpredictable milk sales revenue drops, caused by yield or price drops, by covering the difference between quarter-based final revenue guarantee and actual milk revenue.

 

 

PROCESS

Initial rough documentation accompanied by an excel spreadsheet (containing detailed calculations) has been prepared. That was a basis for ERA modeling. Rough wireframes have been created and communicated with the key stakeholders. Eventually, the final design has been created and confirmed. Each functionality from the documentation has been developed within a series of two-week SCRUM sprints. The quality of the solution has been ensured through continuous code reviews, integration testing, and QA manual testing practices.

Discovery

Meetings with clients
Business analysis

Architecture

Creating diagrams
Writing documentation

UI/UX Design

Wireframes Design
Fine detailed designs

Development

Frontend
Backend
Quality assurance

Infrastructure & Support

Infrastructure as a Code
Bug-fixing
Implementing improvements

CONCLUSION

A financial risk management software solution serves the producers of inputs to help them ensure their revenue and prices in a market with constant changes. Providing a calculator for premiums and consulting, this digital product brings business stability and transparency to once turbulent industries.

NEXT CASE

Commodities trading software

// Producer Forwarding Contracting

A platform meant for brokers to manage futures, options, and contract negotiations, all in one place.

Read more...

Our Work

Explore our recent work

Services

Explore what we offer

info@deegloo.com | Zadarska 80, 
10000 Zagreb, Croatia

© Deegloo. All rights reserved 2022