Sarafi software needs traceability around every financial movement
Exchange and remittance operations combine currencies, cash locations, customer accounts, rates, fees and settlement. Every financial effect should link back to an authorized business transaction.
Key capabilities
- Multi-currency cash and account balances
- Exchange rates with preserved transaction history
- Incoming and outgoing remittance workflows
- Customer and counterparty statements
- Branch and cashier controls
- Approvals, reversals and audit history
Compliance rules must be confirmed
Identity, monitoring, reporting and regulatory requirements should be defined by the organization’s authorized compliance and legal advisers. Software can enforce approved rules but should not invent them.