Foreign exchange (FX) software enables companies to buy and manage foreign currencies to support their international operations. FX software is mostly used by companies with a multinational presence and businesses that have international partners. The main benefit of FX software is that it helps companies limit the potential losses caused by fluctuations in exchange rates. This type of software can be used by accountants and treasury professionals who are in charge of buying and selling foreign currencies. FX software can also be beneficial to FOREX traders and exchange offices.
FX software usually integrates with banking software since companies typically buy and sell currencies through banks. Integration with accounting software and ERP systems is also essential to manage financial transactions in foreign currencies.
To qualify for inclusion in the Foreign Exchange category, a product must:
Banking Circle Real-time FX gives businesses a banking platform that enables them to trade foreign exchange more efficiently as well as make international payments on behalf of their clients. It gives them a real competitive advantage over the mainstream banks enabling them to build new revenue streams and add value by providing international payments as an add-on' service for their customers.
The CEIFX software system is at the heart of Currency Exchange International, Corp's continued success. The web-based software is viewed as a leading application in foreign currency exchange based on its highly-customizable features and compliance functionality. The core features allow for fully customized customer setups, compliance integration, instinctual user interface, user management, and robust reporting capabilities.
The DCS Foreign Currency Exchange Software takes the headache out of buying and selling foreign currency. Integrated into the DCS point-of-sale system, ATS, our foreign currency exchange module allows tellers the ability to automatically convert many types of foreign currency.