Money Transfer 

“Local & International Transfer Around the World”



 

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.

 

Money Transfer Functionalities:

  • Funds Transfer
  • Fund Disbursement
  • Internal Funds Transfer
  • Financial Clearance
  • Customer Relationship Management
  • Inquiries & Reports

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

FUNCTIONALITIES

 

Optimum Money Transfer Module includes the fully fledged functionality for transfer of customer funds with following features:

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

Optimum Money Transfer Module includes the functionality for receiving the fund by customer with following features:

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

 

Optimum Money Transfer Module includes the functionality for transferring funds between branches of the exchange company with following features:

  • Setup unlimited number of currencies
  • Setup receiving outlets
  • Setup conversion rates
  • Setup 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 accounting entries
  • Post daily transactions to general ledger in real-time
  • Reports and inquiries

Optimum Money Transfer Module includes the functionality of clearing funds between the exchange company and transfer agencies with following features:

  • 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
  • Post daily transactions to general ledger in real-time
  • Reports and inquiries

 

Optimum Money Transfers Module provides the functionality to maintain all customer related data in the system with following features:

  • Add all customer data
  • Attach all related documents electronically
  • Maintain customer contacts
  • Number of transactions by:
    • Day
    • Month
    • Year etc.
  • The amount of transactions by:
    • Day
    • Month
    • Year etc.
  • Reports and inquiries
  • Electronic alerts and reports

 

Optimum Money Transfer Module provides a comprehensive inquiry and reports module with following features:

  • Reports and inquiries for fund transfer:
    • Total for a period
    • By customer
    • Branch
    • The organization as a whole
  • Reports and inquiries purchases
    • Total for a period
    • By buyer
    • Branch
    • The organization as a whole
  • Inquiries
  • Financial reports
  • Financial statement reports
  • Inventory reports of currencies, according to the
    • Outlet
    • Branch
    • Company
    • Cashier
  • Send reports electronically via email