Foreign Exchange Control

Enhance Global Transactions with Aquilon’s Integrated Foreign Exchange Control

Empower Global Operations: Aquilon’s Foreign Exchange Control

Aquilon seamlessly integrates foreign exchange transactions and control into its core system, enabling you to conduct business on a global scale efficiently. Whether you’re dealing with foreign suppliers or customers, this module streamlines currency transactions and ensures accurate accounting.

Effortless Multicurrency Transactions

Experience the power of integrated foreign exchange control whenever you transact with foreign currencies. Aquilon’s module automatically adjusts for different currencies, revolutionizing how you handle purchasing, inventory management, supplier files, and payments.

Purchasing Across Borders

Consider a scenario where you purchase in a foreign currency. The purchase order, inventory receipt, and supplier file are seamlessly maintained in the respective foreign currency. As you pay the supplier, you can use either local or foreign currency at your convenience. Aquilon’s Bank Book allows for foreign currency accounts, further simplifying your processes.

Selling with Global Reach

When selling to customers using a different currency, the system effortlessly handles foreign and local currency equivalents. Accept customer payments in either currency, providing unparalleled flexibility for global transactions.

Real-Time Exchange Rates

Real-time exchange rates, updated automatically back every foreign exchange transaction. There’s no need for manual rate lookups or entries. However, if you prefer, you have the option to adjust rates when necessary manually.

Complete Audit Trail

For transparency and audit purposes, a comprehensive rate history is maintained. This ensures accuracy and accountability in your foreign exchange transactions. You can also update the system with custom rates as needed.

In a Nutshell

Aquilon’s Integrated Foreign Exchange Control is a game-changer for global business operations. Simplify currency management, streamline transactions, and enhance financial accuracy across borders.