Exchange House / Remittances
Exchange House / Remittances - Making Money Matters Easy
Get currency exchange, money transfer, and traveller’s cheque to drafts and remittance handling with Raqmiyat Exchange House Solution.
Based on Microsoft .Net solution, its open architecture reduces development, deployment and maintenance costs and allows seamless integration with other applications across the enterprise.
The solution comes with an easy-to-use tool to create and modify fields, screens, tabs, tables, views, scripts and security settings on the fly. Its customization functionality allows quick-and-easy user-specific modifications to interfaces and data and easy adaptability to changing business requirements.
Assigning monetary limits to transactions, controlling access through strict admin rights and application security, the solution also offers consolidated statutory reporting and guarantees better customer service with its inbuilt customer care module.
Various modules include:
- System-wide Functionality
This module enables transaction journal, audit trail, maker-checker based approval mechanism, currency-wise denomination handling, multi-language support, user management and parameterized charges maintenance.
This includes currency definition, exchange rates, transfer/replenishment of cash, cash balancing, denomination exchange, foreign currency exchange, currency booking and settlement, credit card cash advance and settlement, money transfer and settlement, currency day closure and reports pertaining to exchange rate enquiry, rate deviation, cash movement, currency stock, currency buy-sell ledger, currency bought-sold and currency stock balance..
This module manages security stationery inventory to issuance and follow-up of drafts and includes correspondent bank/branch definition, security stock transfer/replenishment, issuance of draft, draft follow-up, draft enquiry and reprint and reports pertaining to the list of all issued drafts, drafts for courier, paid/unpaid drafts date wise and deferred/cancelled drafts.
This module comprises of functions that handle the outward and inward remittances and includes issue remittance, generation of payment instructions, transmission of remittance messages, remittance follow-up, issuance/settlement of local remittance, import/settlement of inward remittance and reports pertaining to payment instructions, remittance messages, daily remittances issued summary, summary of daily remittances issued by payment, action taken, different rates, customer remittance history and remittance bank-wise profit.
This module helps with the management of TC stock to the sale/purchase of traveller’s cheque and includes TC denomination definition, TC issuer details, TC transfer/replenish, cancellation of TC’s, purchase/sale of travellers’ cheques, stolen travellers’ cheques and reports pertaining to TC inventory/movement, TC sold/purchased, stolen TC and list of TC denominations/issuers.
This module helps manage customer information, provide client care, customer registration, issuance of loyalty card, promotion definition transaction, customer complaint lodgement, customer complaint follow-up and reports pertaining to promotion enquiry, customer transaction and customer card.
This module includes definition of chart of accounts, definition of accounting template, fixed assets, petty cash, debit/credit notes, journal vouchers and post-dated cheques and handling of cash/cheque payments.
Aside from the mandatory statutory reports, the system provides a wide range of reports covering all the modules. The facility for creating new reports is also provided.