FxOffice simplifies the entire life cycle of payments and settlements

Settlement Lifecycle Workflow

Central engine controlling remittances & funding processes. Full visualization of matching trade deals, cash positions, reconciliation, credit risk, transaction risk & AML screening tools all embedded from execution to settlement.

Understanding all aspects of a deal life cycle from start to finish is critical for operational control and ensuring a high level of customer satisfaction that can only be achieved when each step is integrated in one system. Every module within FxOffice from trade capture to accounts receivable/payable to final collection and remittance is integrated so understanding what state a payment is now achievable. By integrating the accounting with the trade we are able to determine if a deal has been fully or partially funded, settled, and finished. This information is easily viewed by your internal operations and optionally by your clients.

Control via Workflow Engines

Utilizing the built-in workflow engine you can easily control and configure the payment workflow to match and surpass your current operations. Simple rules like money should not go out before money is received are easily constructed and injected right into the workflow. Moreover, rules that query all aspects of the system to ensure internal governance is followed like Credit, Margin or Compliance Risk can be configured to halt the processing of payments.

Settlement Lifecycle Workflow Key Benefits

  • Complete view into the state of payments
  • Customizable payment workflow to match your organization requirements, including flexible approval policies
  • Integration with Compliance, Risk, and Credit built-in
  • Real-time activity alerts by user roles

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Datasoft FxOffice is a foreign exchange and global payments software platform that offers financial institutions a completely integrated forex, treasury, compliance and payments platform.