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Published on May 26, 2012
A demo of Currency Exchange Software System known as CurrencyXchanger POS. This demo quickly glances through some of the best features of CurrencyXchanger. This product can be purchased as an off-the-shelf solution or customized to your needs. This is not a online trading platform (FOREX) but rather a business solution for automating small to medium size Money Exchange Bureaus (aka Bureau de Change - BDC). It can also be used by Money Service Businesses (MSB) for managing the daily operation and keeping track of their foreign currency stock. CurrencyXchanger is compliant with AML (Anti-Money Laundering) regulations. This video glances through the following features:
* Automatic update of currency rates * Setting up different margins and commissions for each currency * Publishing rates on a LCD rate display board (or website) * Creating simple and complex transaction tickets (invoice for customers) * Printing using different page templates * Keeping customer records and profiles using the CRM module * Automatic check of customer names against OFAC and OSFI sanction lists * Compliance features such as KYC, risk rating and due diligence * Complex Query Editor for use during external and internal AML audits * Double Entry Accounting module
The system is extremely easy to use, yet full of advanced features. CurrencyXchanger POS is used by over 150 foreign currency exchange businesses from small to large.