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SYMEX

“SYMEX”, Systematic Money Exchange Solution, from Mighty Systems is the largest and most popular Enterprise Software among the Money Exchange Companies in Gulf, Far East and West. “SYMEX” today is a software solutions accepted everywhere by Money Exchange business as it meets total requirements of the numerous complex operations of the trade.

Money Exchange operations and Accounting procedures are distinctly diverse and call for stringent management controls and thorough scrutiny by government agencies. Unlike other business, periodic reporting to Central Bank is mandatory. It is of utmost importance that accuracy of transactions and maximum security is maintained through the “SYMEX” Software. As such, many solution providers found it difficult to provide a fully satisfactory solution. It is to the credit of Mighty Systems to have succeeded in this challenging field by coming up with “SYMEX”, which completely automated the entire operations of Money Exchanges. Several powerful and differentiating features make “SYMEX” one of the most comprehensive, flexible and scalable solution in its class.

“SYMEX” stands strong with its security oriented facilities and addresses most of the business needs and complex issues Money Exchanges facing with easy and integrity, thus making the management easy.

Some of the Salient Features of the SYMEX

  • Local Monitory Agency Reports in a Click of button
  • AML and Black List Integratio
  • Enhanced for fast Counter Operations in Money Exchanges
  • Entity-wise Data Management and Inter Branch Operations
  • Bank Reconciliation and Inter Branch Reconciliation
  • Local Monitory Agency Daily Reporting Upload
  • Interfaces with various Banks across the Globe
  • Strong Back-Office Operations and MIS Reporting
  • Strong Security Features, Multi-Approval Mechanism
  • Double Check-In Logic on Mission Critical Areas
  • Membership Loyalty Card
  • Integrated HR module as per UAE Labor laws and regulatory

Major Modules

  • Remittance
  • Demand Drafts
  • Foreign Currency Operations
  • Travelers Cheque
  • Payments against Credit Cards
  • Membership Cards
  • Bank Links
  • Conversion of data to third party software
  • UAE Salary Payment System
  • Fixed Asset Management