Currency Exchange Operators

FORPOST functions for Currency Exchange Operators:

Functions FORPOST product / subsystem
Main functions

General Ledger

  • Creation and management of account plan

Accounting

  • Opening and management of internal accounts
  • Formation of account statements

Anti-Money Laundering

  • Anti-money laundering and prevention of terrorism financing
  • Periodic formation and submission of the prevention registry of the supervising institution
Payments and cash-desk

Cash management

  • Currency exchange operations
  • Cash-desk and storage accounting
  • Collections’ (internal and external) accounting
  • Other sales operations
  • Function of Litas purchasing
  • TAX free function and reports

Pricing

  • Setting and management of commission fees for operations
  • Setting and management of periodic commission fees
Integration with other systems

Integration Solutions

  • Import of currency rates
  • Import of commercial rates
  • Export of commercial rates
  • Interface with Rivilė accounting system
  • Other sources as required
Audit and control

Information control system

  • Monitoring and control of activities
Reporting

Reporting

  • Mandatory reporting to the Bank of Lithuania
  • Control and analysis of branches’ results (profitability control)
  • Internal balance of all operations executed in branches
  • Operational and management reports