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Money Transfer

Optimum Money Transfer is an integrated system covering the complete documentary cycle of fund transfers between companies or individuals in different cities or countries through money transfer agencies like Money Gram, Western Union etc.

Optimum Money Transfer The system calculates commission earned by the exchange company and also commission which has to be paid to the transfer agency used. All transactions are posted to the built-in sub ledger which can then be posted to General Ledger in real-time.

 

Funds Transfer

Customers need instantaneous and real time money transfers internationally. So, the system has to be ready with all the necessary data and set up to tackle these needs.

Money Transfer Module includes the fully-fledged functionality for transfer of customer funds instantly with complete security and controls.

Funds Transfer Functionalities:

  • Setup unlimited number of currencies
  • Setup transfer outlets
  • Setup conversion rates and commissions
  • Add your customer data in the database, with attachments of related documents
  • Money transfer through any transfer agency like Western Union or Money Gram
  • Post daily transactions to general ledger in real-time

Funds Disbursement

The timely disbursement of funds to the clients is the crucial other part of money transfer. The system has to be fast and reliable as the success of the entire transaction depends on the cash disbursements.

Money Transfer Module includes the functionality for receiving and disbursing the funds from customer.

Funds Disbursement Functionalities:

  • Setup unlimited number of currencies
  • Setup receiving outlets
  • Setup conversion rates and commissions
  • Add your customer data in the database with attachments of all related documents
  • Inquire transfers through any transfer agency like Western Union or Money Gram
  • Post daily transactions to general ledger in real-time

Internal Funds Transfer

Oftentimes, exchange companies need to transfer money between their own branches for various business reasons. Money Transfer Module includes the functionality for transferring funds between branches of the exchange company with ease and total control.

With its in built document workflow and security it is even easier to keep full control over transfers with limits and regulations.

Internal Funds Transfer Functionalities:

  • Setup unlimited number of currencies
  • Setup receiving outlets
  • Setup conversion rates and commissions
  • Add your customer data in the database
  • Receipt of the currency and the issuance of voucher
  • Inquire for recipient data in the database
  • Pay the amount in the other branch and issue voucher
  • Post daily transactions to general ledger in real-time

Financial Clearance

Many money transfer transactions involve various exchange companies and financial institutions from the remittance to the settlement stage. The funds need to be cleared between these traders at the end of each transaction cycle. 

Money Transfer Module includes the functionality of clearing funds between the exchange company and transfer agencies.

Financial Clearance Functionalities:

  • Setup clearing charges
  • Exchange by the purchase value of the currency and calculating profit and loss, or
  • Send a note demanding transfer agencies in the case of the large payments
  • Wait for response before closing the account in case of large funds
  • Post accounting entries

Customer Services Management

Customer Services Management automates your entire customer services and related activities. Customer Services areas can be pre-defined in system and limited or full access can be provided to customers based on customer type or services used. 

A comprehensive yet easy to use Customer Support Portal is also available as part of the system. Customer Services Module has built-in functionalities of e-mails and messaging which can be scheduled to be sent automatically to all or set of customers.

Customer Services Management Functionalities:

  • Customer Support Portal
  • Customer Service Levels
  • Customer Support/Service Tickets
  • Customer Communications

Dashboards, Inquiries & Reports

The Dashboards, Inquiries & Reports are integral part of all Optimum Modules providing detailed analysis and statistics of any organization. The system is available at user level or at management level based on the access rights and privileges. Access Rights can also be granted at department level to view information for particular departments.

The system in Time Attendance module has a variety of functions including Access Control, Roster Management, Manpower Planning and Attendance. In self-services users can view their dashboards providing information like their attendance, decisions taken, roster for the period and actual swipes.

Dashboards, Inquiries & Reports Functionalities:

  • Attendance Status by Shift
  • Employee Roster
  • Department Roster by Shift
  • Attendance Trends
  • Decisions Taken Trends
  • Time Gain/Lost Trends

Product Specific

  • Real-Time Access Control
  • Shifts Management
  • Attendance Control
  • Workforce Management
  • Project Time Sheet
  • Time & Attendance Indicators

Product General

  • Supports Document Attachment
  • In-Built Document Workflow
  • Posting Alerts (Emails, SMS.)
  • Powerful Security Control

 

Technologies

  • Internet / Intranet Based
  • Accessible Through Any Browser
  • ASP.NET & C# Development Tools
  • Microsoft SQL Database
  • Mobile Application

 

Why Optimum?

  • Relations with Int’l Money Agency
  • Int’l Money Agency Settlements
  • Inter-Branch Money Transfer
  • Compliant with Monetary Agencies
  • Commission/Charges Calculation
  • Short/Long Position Monitoring
  • Business Intelligence Reporting
  • In-Built Document Workflow
  • Unlimited Workflow Levels
  • Bi-Lingual Arabic/English
  • Powerful Security Control
  • Fully Integrated ERP
https://system.al-amthal.com/AmthalV12/Amthal Group