A Foreign Exchange Solution to optimize the foreign currency value and control

The transaction of foreign exchange greatly depends on the current exchange rates. To ensure the stability of the currency value, our Sweden-based client required a Foreign Exchange Solution that administered the transaction of the various currencies in an organization. TatvaSoft had developed a Windows-based Application that controls the currency sell and buy, current currency value, and administer ledger by imposing the branch specific validations and rules.

A large amount of foreign currency transaction occurred for buying and selling of the different products. Hence, our client was in need of an application that could effortless convert these currency values according to the current exchange rates, limits the user’s access for performing the transaction, and define the limits of the transaction value. As the customer’s accounts were also linked with the organization, a facility was also required where the customers can easily pay off their utility bills. Some of the challenges faced by the TatvaSoft was support adjustment rate, administrator role, configuration management, tracking, management of inventory and more.

The client requests were responded by developing a Foreign Exchange Windows Application that ensured high stability of the monetary exchange rates. The application supported all major countries’ currencies that, have helped the client in performing transaction easily within the branch and wholesale branch. With this system, the customers were also benefited to pay off their utility bills. Solution for this system provided were flexibility, support of multiple currency, authorized transactions between Till machines, Financial reports, stock management and more.

The developed system was highly beneficial to the client as it easily controlled the foreign currency exchange rate and prevented major fluctuations. It also helped in better decision making by tracking the current exchange rate. It improved customer relationships with easy and secure transaction strengthened the customer base.

TatvaSoft UK is a preeminent Information Technology Consulting & Software Development Company with an office in London, UK. Since 2001, TatvaSoft has been providing custom application development services to multiple industry domains and diverse technology platforms, like .Net, PHP, Java, BizTalk, SharePoint, Open Source, BI, and Mobile.

TatvaSoft serves clients in the UK as well as entire Europe. The domain expertise, technical competence, and processes are in sync with CMMI Level 3 and Microsoft Gold certification. By leveraging their global and flexible delivery models, agile and scrum methodologies TatvaSoft has given a competitive edge to many organizations.

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