Our automated solutions put your specific needs in the forefront, merging configurable workflow with best practices to fit many industries, countries, and company sizes. We focus on optimizing the way you work, enhancing productivity, facilitating communication, lowering costs, and heightening ROI.
Scalable, adaptable and designed to anticipate any possible issues that may arise, our solutions have been developed over decades in-house and use Oracle-based technology to meet your precise needs. Given our experience working in different fields, we have specialized solutions for different industries, sectors, and institutional requirements. Highly secured, there’s no compromise on data integrity.
In fact, all our solutions have built in Segregation of Duties and access security controls on modules and even fields level. Our team works with you to ensure our solutions meets your needs and are the right solutions for your present and future needs. In addition, you can personalize terms and labels and can select the language you prefer. Smart solutions, they reduce data entry errors and resulting risks. Designed for quick navigation and meticulously developed to save you time and money, Logos solutions heighten performance and fuel your digital transformation.
Logos offers a secure, speedy, and robust financials solution modelled especially for money transfer companies. This solution offers reporting, analysis, and control while covering the needs of all parties from agents to service providers, shareholders, locations, and even sister-companies. It helps you manage Receivables and Payables with minimal data entry and the system even automatically creates relevant accounts for services, cash/bank guarantee, inter-company accounting, and more.
Logos Financials Money Transfer solution facilitates the management of payments to providers through controlled bank transfers/checks, respecting user’s privileges, bank preferences, bank account balances, as well as payment term agreements. It interfaces with MIS for regulatory reporting to your national bank or public authority. The solutions delivers a wealth of services that use many protocols (offline, web-services, and API) and provide automatic notification on collections to transaction owners, service providers, and responsible staff. The services cover:
With an Agents Portal so agents can view activities, statements, and inventory (of legal forms pertaining to services such as Insurance Policies, or Mechanic Stickers, etc.), agents management for single-location or multi-locations, and Accounts Receivable for activity and Accounts Payable for commissions, it is easy for money transfer companies to keep track of everything. Limits and Access Control Management prevents hacking or lowers risk. Limits can be on transaction or per day and can be permanent or incremental. In addition to this, security measures are found throughout the solution: audit trail on users’ activity; complex password schemes; restriction on terminals, user ids, and agent locations; and inter-modular application of rules to avoid mistakes or misuse (commissions cannot be generated if bills are not yet accounted for; period cannot be closed if commissions are not yet generated or an entry is not yet confirmed; and accounting cannot be reversed if commissions are already booked).
The solution transforms the way money transfer companies work with practical online booking of services activity in Accounts Receivable, Payable, Stock Management and General Ledger, which in turn provides timely statements, inventory levels, and cash-flow analysis. It also has a Cash Authorizations process flow that eliminates paper work for approvals on TO-Send/TO-Receive transactions across countries and manages transactions queuing by location.
There’s even an Agent Host listener responding to authorization requests from International Western Union money transfer software and our implementation for OMT was awarded the smoothest go-live in the Middle East by Western Union. As direct results to being full and comprehensive, Logos Financials provide automation of specialized cycles across departments, such as procurement, projects & studies follow-up, and work orders management.