openPR Logo
Press release

Offshore Outsourcing

01-10-2006 12:05 PM CET | IT, New Media & Software

Press release from: Tatvasoft - Software Development India

Top 10 Reasons to Outsource FX:
Increase revenues and profits derived from fee-based services
Improve operational efficiencies and productivity level by automating administrative tasks.
Deliver values to customers to enhance business relationships
Expand services line to capture more business from existing customers
achieve more competitive exchange rate through wholesale purchasing
Control cost. If cash is not tied up in capital expenses, it can be reinvested in areas offering the greatest return on investment.
Leverage the Internet to streamline and automate product, service and processing of transaction.
Acquire industry expertise and expedite market entry
Enhance the ability to manage the rate spread on transaction
Enhance account management through real-time management report on the purchase and sale of foreign currency and the income generated from each products.

Ten Questions to be ask When Evaluating a Foreign Exchange Online Systems:
1. Is the system networked from the parent bank to branch bank?
2. Does the system provide flexibility for your bank to share revenues with the provider or to mark up rates and still have the ability to remain competitive?
3. is the system integrated seamlessly with your bank's other system.
4. Does the system allow your bank to retain controls over profit margins, processes and account management procedure?
5. Can the bank rebreed the system for its bank and subsidiary?
6. What capabilities are available to store, track, and send your customer information’s?
7. How are investigation handled?
8. What is the security feature?
9. Can your bank create a centralized or decentralized process for managing its foreign exchange transaction?
10. Does the systems enable your bank to provide customer real-time market information’s?

Choosing The Right Financial Institution-The notion of giving an outsider access to highly sensitive information can initially stir reluctance among bank. Bank often evaluate the competitive threat a correspondent banks provider poses when outsourcing because they often have access to customers confidential banking information’s. Therefore, companies must carefully assess the offering, experience, credibility and demonstrated capabilities of potential bank and non-bank service provider.
Bank has numerous choices and an effective solution need to do more than address current business functions. They should evolve as new technology evolves and business objectives develop over time. Here are a few criteria’s to keep in mind when choosing a provider.
Check the financial strength of the providers. The financial health of your providers is critical. Established provider with a history of profitability is the safest bet, particularly if the provider is less than two year old.
Check the provider's record of success. Ask prospective providers to furnish you with a representative sampling of their customer base and speak with customer references.
Establishing whether the financial institution has a clearly defined account management plans.
For more Information please visit: http://www.tatvasoft.com/outsourcing%5C2005%5C05%5Coffshore-outsourcing_18.html

***
TatvaSoft - Software Development Outsourcing
http://www.tatvfasoft.com
Jim

303, Naindhara,
Next to Mitsubishi Showroom,
Near Hotel Grand Bhagwati,
S. G. Road, Nr. Bodakdev
Ahmedabad - 380 052
Gujarat, India

Tel : +91-79-40038222

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Offshore Outsourcing here

News-ID: 2895 • Views: 1770

More Releases from Tatvasoft - Software Development India

TatvaSoft Expands its Software Development Services in Australia and The Netherl …
India – February 20, 2010 – TatvaSoft, a software development company, is extending a local presence for the domestic clients in Australia and The Netherlands to shrink the communication gap between the client and ourselves. TatvaSoft will now be providing its software development services to the niche markets of Australia and The Netherlands. TatvaSoft provides software development services in Microsoft .NET architecture, PHP framework, Flex development Silverlight development, SharePoint server development,

More Releases for Enhance

Enhance your online presence with Digital Heptagon
Digital heptagon is the leading WEBSITE DESIGN & development AND DIGITAL MARKETING AGENCY, located in Jaipur. Digital Heptagon is a well-renowned name in the market for SEO, Web development & designing, Mobile Application development, Email marketing, Social media marketing, Facebook Marketing, Content Marketing and the Digital marketing. Their amazing business solutions and marketing strategies take business towards the height of success. Services offered by Digital Heptagon Importance of Web Design from
Vocabulary App – Helping Candidates Enhance Their Performance
Testing the competence and language proficiency of the candidates is an integral part of most qualifying exams for higher education. Be it GRE, GMAT, SAT or SSC online, candidates intending to take these tests, need to make sure that they develop a rich and extensive English vocabulary, in addition to enhancing their mathematical, reasoning and analytical skills. The aspiring candidates use different means and methods to attain this important objective,
Enhance recruiting process with recruitment management software
United Kingdom 01-04-2017. Recruit So Simple is leading and trusted recruitment agency to provides highly effective and web-based recruitment software. Such software is easy to use and install anywhere. Demand for these software is increasing with fast pace and from large to small sized organizations are improving their process with effectiveness of automated software. Recruitment is the process of recruiting and hiring new personnel for the available vacancies and no
Perle continues to enhance Managed Media Converters
NASHVILLE, TN—December 2, 2014 —Perle Systems, a manufacturer of advanced Ethernet over fiber and secure device networking solutions, releases Firmware v1.8 for Managed Media Converters. Perle Managed Media Converters support authentication, authorization and accounting (AAA) security protocols used in corporate networks. To further protect ID’s and passwords from someone ‘snooping’ on the network, Perle Managed Media Converters provide secure management sessions by supporting SSH, SNMPv3, Telnet and HTTPS. Firmware release v1.8
ICRC-Weyer To Enhance Pharmacovigilance Risk Management
The Berlin-based clinical contract research organization (CRO) ICRC-Weyer has made further enhancements to their Pharmacovigilance risk management. By integrating medical review procedures into the Pharmacovigilance system the company is now able to provide efficient risk management strategies in line with current market and regulatory developments. The decision to pursue this integration process was made following ICRC-Weyer’s recent participation at the Evolution Summit in Munich, Germany, an industry forum bringing together representatives
ICRC-Weyer Enhance Medical Data Management Services
ICRC-Weyer has enhanced its expert medical data management services in order to strengthen its position as a leading provider of data management services in the market. The services are being delivered by knowledgeable medical staff who are responsible for manual medical data validation, medical coding, planning and organisation of ICRC-Weyer’s specialist medical review services. “The medical review service contains the review of clinical databases by well-trained medical staff which take place