Exchange Plus Suite is a very comprehensive package that has been designed and developed by KalSoft (Pvt) Ltd. to automate all the processes and functions of an Exchange Company. It is the ideal web-based software solution for Exchange Companies.

The system follows a very practical approach to solving real world problems as it has been designed by professionals who have profound experience in the currency exchange business. The solution is a result of extensive reach, thorough domain knowledge, a pragmatic work approach and invaluable experience.

Exchange Plus Suite is a complete Turn Key Solution that provides an extremely user friendly interface that means very short learning curves for the system operators. To ensure smooth and efficient operations there are short cut keys, checks and balances at every stage, confirmation messages and alerts.

Exchange Plus Suite comes bundled with KalSoft’s Remitton – An Online Remittance System that allows Exchange Companies to receive remittances from any part of the world. Remittances can also be sent to any part of the world with the Fund Transfer module making Exchange Plus Suite the complete solution for inward and outward remittances.

KalSoft’s Remitton has been developed using a modular approach and consists of fully functional Administration and Customer Transaction modules. Remitton is also integrated with an Accounting System which provides accounting facilities to each branch and enables the head office in getting the consolidated reports from all branches.

After implementing KalSoft’s Exchange Plus Suite you can give your customers the ability to send remittances online. Your customers can also track the status of their transaction and view their transaction history.

KalSoft’s Exchange Plus Suite generates extensive MIS reports for management along with numerous reports for the State Bank of Pakistan for instance Statement SEC 1 & 6 and Daily Exposure (Overbought / Oversold) Statements. Moreover, business intelligence reports and pictorial representations of various reports provide a very strong feature for analyzing the overall status of the company for strategic decision making.

The solution provides excellent database connectivity, painless maintenance, secure transaction handling, processing and report generation. The Head Office system can monitor all branch level transactions and activities. KalSoft’s Exchange Plus Suite can operate on local networks and on the Internet as well making it the perfect solution for Exchange Companies that have multiple branches. Data at different branches can be synchronized with the head office allowing users to access the system irrespective of their geographical location.

Exchange Plus Suite has been based on a modular design. The backend boasts an extremely robust, full-fledged and well designed Accounting System that creates and maintains respective accounts. All Exchange Plus Suite modules are coupled with the Accounting System.

Exchange Plus Suite uses a Role Based Access Mechanism. There are two well defined areas namely the User Area and an Administrator Area. The Administrators are responsible for setting up users, assigning rights and responsibilities and managing the entire system. Users are the people who use the systems, and can only access features and modules that have been assigned to them.

Successful Implementations

KalSoft has implemented Exchange Plus Suite at Khanani and Kalia International Exchange Company, the leading Foreign Exchange Company of Pakistan. The solution has resulted in substantial savings and efficient resource planning which has increased the productivity ok KKI many folds. The automation also enabled KKI to have transparency in their day to day operations thereby eliminating frauds and abuse from users. Exchange Plus Suite and Exchange Plus are also successfully running at:

• Sky Exchange
• Time Exchange
• Tri Star Exchange
• Union Currency Exchange
• Al-Majeed Money Exchange
• Al-Saudia Money Changer
• Amjad Money Changer
• Balgaam International Money Changer
• Bismillah Money Changer
• Currency Master International Money Changer
• Dollar Link Currency Exchange
• Dunya Currency Exchange Company
• Frontier Money Changer
• Jawadjee Money Changer
• Khan Money Changer
• New Al-Ghousia Currency Exchange
• Qazi Money Changer

Security

The security mechanism is based on user id \ password and role based access mechanism. A user can only access features that have been assigned to him or her by the Administrator. All sensitive information is encrypted during transmission and is also secured as the J2EE architecture used provides strong security mechanisms.

Technology

Exchange Plus Suite has been designed and developed at KalSoft using a three tier architecture. The presentation tier is on Java Server Pages, XML, XSL (XSLT) Java Script and HTML and the business tier on Java Beans and Java Database Connectivity (JDBC). Hibernate has also used as a persistent layer with the database tier on SQL Server.

Modules