Forex Controller System
The WallSoft 4x-SYS is the most dynamic application that combines the forex software application within an accurate Financial system as part of the central data base structure. It is packed with all the features and functions needed to conduct any form of online business or Financial transaction. The WallSoft 4x-SYS has already been approved for use by the Central Bank of Pakistan and is currently structured in more than 30 exchange companies.
This is because the WallSoft 4x-SYS is a flexible and efficient software that allows its users to connect accounting with overall sales/purchases rates, provides top-notch online security, allows the decision making process to be quick with accurate daily financial reports as well as allows the companies to keep a close eye on all consumer transactions and branch updates.
- + Microsoft .Net Frame Work 4.5
- + ASP.NET MVC
- + JAVA SCRIPT
- + Crystal Report
- + SQL Server 2019 & Above
Buy-Sell Currency
4xsys facilitates the currency exchange cashier to buy or sell foreign currency. Cashier can choose between currency notes, currency coins and travellers cheques to transact with. Current transactions and transaction history will be displayed and is available to take actions on such as delete transaction or view details or reprint
Maintain Currency Stock
4xsys comes up with pre-feed world currencies. Everyday transactions will affect the currency stock which will be maintained under Available Stock functionality.
Wholesale Currency
Currency wholesale transactions can be maintained in 4xsys. Facility to add wholesalers in currency system. Separate transaction accounting & reporting for wholesale transactions.
Live Currency Rates
4xsys provides one click update rate facility. As the exchange rates fluctuates, bureau cashiers can update rates any number of times in a day. If there is no internet connection then cashiers can update spot rates manually.
Receipt & Report Printing
After every transaction receipt is generated. This can be configured to print directly on the receipt printer or generated in PDF or HTML to print on selected printer. 4xsys provides range of reports which can be generated from reporting section. Daily transaction report, end of day report, profit & loss report are few of the reports which 4xsys provides.
Day End Accounting
Facility to tally total buying and selling of currencies for the day. Report is generated after closing the shift. This report displays opening balance, total buying, total selling and actual currency stock for the entire shift.
Profit & Loss Calculation
There are various ways in which the profit can be calculated. This can be configured and currency exchange owners can select the profit calculation method. Profit can be calculated based on percent margin on buying and selling of currency. Other methods include average rate calculation, weighted average calculation or it can be customised to match any other calculation method.
HMRC Sanction List check
4xsys is fully compliant with HMRC's anti money laundering rules. Currency Bureau company can set their anti money laundering limits, check customer names against sanction list and this is recorded and report can be generated.
System Structure
WallSoft provides automisation for both major operational areas of Forex Traders Viz. Exchange Center, and Accounts Department respectively. Each operational domain is implemented as a module. They are, Currency and Accounts. Figure 3.1 illustrates the 4Xsys demography.
As illustrated Figures 3.1 Currency and Accounts module combined addresses automation requirements of Exchange Center, Front Office and Accounts modules serve Back office operations of an Exchange Centers respectively.
4X-Sys is designed, developed and deployed in the same lines and schematics as its manual process flows. As shown in figure above, 4X-Sys encompasses the whole business chores of an Exchange Dealers. Presently this application is handling around 50,000 transactions per month where, Front Office and Back Office are generating about 30,000 and 20,000 entries respectively.
This module’s primary objectives to serve the front office Cashiering and Currency Sales/ Purchase functions. This is an independent module by itself and provides various report, queries, backup, restore and maintenance options
This general-purpose accounts module facilitates the bookkeeping, consolidation of sales, purchases and branch accounts. All transactions that found their way through any of the two modules are scrutinized and approved for their final transformation into meaningful figures of business concerns in these summit modules. This module also offers various kinds of financial report and queries such as Balance Sheet, trail Balance, Schedules etc.
Function to Maximize the performance
This application carry the History module which helps your to save the previous data as a History Records, When a query works for the current data, you will be prompt for the HISTORY / CURRENT. It will helpful to maximize the performance of User and even Machine. History keeps your records as your database but to call the records in history you have to prompt the application to find out.