client case

Step Fourth

A USoft-based ISV for wealth management solutions to streamline portfolio control for e.g. investment and asset managers.

Home › Client cases › Step Fourth

Step Fourth is a Birmingham-based ISV providing a comprehensive suite of modular software solutions for financial asset managers. The software encompasses the entire process – from managing stock portfolios to interacting with clients. And integrates easily with many other applications to achieve automated workflows. The low-code platform offered by USoft also enables Step Fourth to make ongoing adjustments for compliance with financial and privacy laws and regulations.

The challenge

As a software provider for the financial sector, Step Fourth needs to keep its solutions compliant with constantly changing laws and regulations – with GDPR and MiFID2 as recent examples. The company needed a flexible and modern platform that would enable Step Fourth to evolve its solutions along with the market.

Small development team

Agile software provider focusing on small and mid-sized financial asset managers

Step Fourth has a tremendous competitive advantage on the UK market among small and mid-sized asset managers seeking customization and personal service over faceless global providers.
To retain that advantage, Step Fourth needs to make quick adjustments in response to client needs, without requiring a “veritable army of developers”.

Legal requirements

Adapt quickly to constantly changing laws and regulations

The asset managers served by Step Fourth have to accommodate changing laws and regulations with a short time frame for implementation.
The software needed to support customizable compliance reporting that met all the legal requirements for Step Fourth and its clients.

Redesign

Switching platforms to a modern development environment

After a management buyout, Step Fourth decided to switch development platforms and rebuild its software from scratch.
Step Fourth wanted a low-code platform based on business rules that would support ongoing development.

Why Step Fourth chose USoft

Business rules
With the USoft low-code platform, it is simpler and less labor-intensive to translate laws and regulations into business rules using natural language – and easier to confirm compliance.

More on Low-code Development
Responsive experts
USoft responds quickly to questions or challenges and offers innovative solutions that support customers to keep moving forward on developing solutions in record time.
Easy integration
USoft is constantly developing its low-code platform to align with new technologies and industry standards. This ensures that Step Fourth can keep providing APIs to support fully automated data migration for its clients.

“The value of our intellectual property is actually disproportionate to the number of developers we employ.”

John Motley

Director of Step Fourth

The solution

The comprehensive Step Fourth software suite for financial asset managers is built on the USoft low-code platform based on business rules, which fully meets this customer’s needs.

Compliance

In adapting the software to ensure MiFID2 and GDPR compliance and reporting, Step Fourth was able to completely update its platform within just nine months, thanks to business rules in combination with low-code.

Integration

Step Fourth offers out-of-the-box integrations for widely used packages and digital services in the financial market and can use USoft to develop customized APIs for non-standard software for their clients.

End-to-end digitalization

Thanks to USoft, Step Fourth enables its clients to streamline their entire process, including administration and compliance reporting, so they can focus on their real job: investing money effectively and efficiently.

The results

Small team, big results
Thanks to USoft, Step Fourth was able to completely update its platform within months without a huge team of developers.
Superior solution lifecycle
The low-code solution is easy to maintain over time, consistently evolving solutions towards the market.
Stability & performance
Solid yet adaptable, the Step Fourth platform is always on and easy to integrate – reliable to the core.