Foreign Remittance System
In the ever-speedy business world, eTransfer proves to be the most efficient and secure route to transfer remittance, big and small. With features like updates, tracking, bulk transfers and amount limitations, eTransfer has quickly established itself as the most useful, flexible, consistent, cost-effective and comprehensive software application for electronic transfer of remittance all over the world within only 5-10 Min Process. eTransfer has shown promise in improving the overall brand equity and awareness of the company as well as improve the overall ROI
- Monitoring for all inward and outward remittance transactions is available in the system. Transactions can be viewed at any stage or level, and system has the ability to keep track of the days if the transaction has been delayed for any reason.
- System has the feature to validate the customerís information through our premium web service using OFAC (Office of foreign Assets Control) data which will alert you about the suspected persons. The service will be provided free of cost for the first year.
- System has the feature to assign customerís transaction limits for a specific period.
- eTransfer is bundled with many comprehensive reports for reconciliation, Like total volume and amount of daily transaction, however additional reports can be provided if desired.
- System has its own audit trail system having capability to track record of transaction during input update and authorize.
Proposed Listing of IT Security Policy
- System has following User Roles
- Operator can make outward and inward transactions
- Administrator will authorize all outward transactions made by operator
- Company administrator will authorize all authorized outward remittances of all the agents and can also update agentís funding
- Call center user can view all the inward remittances for the specific cities so that he can call the customers.
- Server user can create new agents, users, can update daily currency rates and update company funding
- Server administrator can create new companies and branches
Authorized money transfer channels who holds the license from central bank for home remittance, can use this software and allow their agents/Branches to receive the money instantly from anywhere in the world.
- Home Remittance
- Authorize Remittance
- Maintain Agents wise
- Maintan Branch wise
- Daily Exchange Rates
- Maintain Agents Commission
- Authorized remittance list
- Agent list
- Paid remittance report
Business Process Diagram