What is CurrencyXchanger?
CurrencyXchanger is a Professional Money Exchange Software for managing every aspect of Money Exchange retail and wholesale business.
It offers multi-currency Point of Sale (POS), integrated accounting, Customer Relationship Management (CRM), and Anti-Money Laundering (AML) record keeping features.
The software can be used for:
- Money Services Business (MSB), Bureau de Change (BDC), Cambios, Forex Retailers
- Travel Agencies offering financial services (e.g. American Express)
- Money Exchangers, Forex traders and wholesalers of currency
- Currency Exchange kiosk in airports and shopping centers
- Financial Institutions (banks, credit unions, etc...)
- Hotels, casinos, shops, cruise ships, resorts, and airport outlets
- Dealers of precious metals
The software's features include:
- Easy to use and Multi-currency Point Of Sale (POS) system
- Advanced Currency Rate Calculator based on your own buy and sell rates
- Print transaction tickets (POS thermal or laser printers)
- Full-featured Customer Relationship Management (CRM)
- Tellerproof system for End of Day cash reconciliation (EOD cash control)
- Currency Denominations Tracking for all world currencies
- Automatic or manual update of currency rates including Gold, Platinum and Silver Bullion
- Audit Trail for transactions with multi-level Undo/Revert
- Exception Report Log for managers to track anomalies
- Integrity Check module to flag and detect errors and system integrity issues
- Fully customizable LCD Currency Rate Display board software
- Multi-Currency Double-Entry Accounting (GL, Sub-Ledger, journal ledger)
- View calculated rates in real time including: avg. buy rates, holding cost, cost of purchase, break-even rates, short and long positions, coverage rates, cost of goods sold, exposure, and historical rates
- Record keeping for live forex trades, rate bookings, futures, wires and deliveries
- P&L report per currency (both realized and unrealized gains)
- Record multiple payments in one invoice (Cash, TT wire, eWire, Western Union...)
- Reconcile you Bank, Cheque, and Cash accounts
- Record and manage forex forward contracts, futures, orders, and deliveries
- Rule-based Fee module for setting up your own fee structure
- Cheque Cashing & Computer Cheque Printing
- Multi-Currency Treasury Management
- Rule-based AML policy declaration module
- Automatic live check of customer names against multiple international consolidated watch-lists/sanction lists (OFAC SDN, OSFI, AUSTRAC, New Zealand FIU, EU Sanction list, UN & UK Sanction List, Al-Quaida Sanctions List)
- 24-hours aggregation rule for detecting recurring or suspicious transactions
- KYC Record Keeping based on PCMLTFA guidelines and customer identification mandate under the Bank Secrecy Act (BSA) and USA Patriot Act.
- AML Audit tool to easily respond to your bank and auditor's request
- Adjustable warning threshold for LCT (Large Cash Transaction), EFT (Electronic Fund Transfer), and STR (Suspicious Transaction) monitoring
- Integrated Money Remittance System (eWire) and Remote Payment Orders
- Compatible with Windows 7, Windows 8 and Mac OS Lion and Mountain Lion
- Can be deployed as a standalone unit, networked, multi-branch, or in the cloud
- Compatible with UNICODE data entry (compatible with all languages and scripts)
- Approved to be used in Sweden by the Swedish Tax Authorities (Skatteverket) and Financeinspektionen
