PaperTrail in Forex
We don’t often stop to think about the way in which Foreign Exchange impacts our day to day lives. Forex impacts the lives of consumers, and contributors to the local economy in a much more acute manner than simply thinking about the exchange rate. Whether it is purchasing imported coffee, vacationing abroad, buying Egyptian cotton sheets or reading about a huge cash injection from one country to another, forex impacts our lives on a daily basis. In order for funds and goods to enter or exit a country a Foreign Exchange processes needs to be followed. And as such, these processes are finely tuned, governed and closely monitored.Over the years, PaperTrail has been at the forefront in facilitating these processes within the Banking sector. As many of the institutions do not often deal directly with the public, they entrust their Authorised Dealers to facilitate this communication. Authorised Dealers, often in the form of Bank, will act as a liaison between applicants seeking authority to proceed with foreign exchange transactions either in their personal capacity as individuals, or as entities. These Authorised Dealers will assist in terms of requirements, carrying out the necessary checks and validations for authorisation, as well as submitting applications on behalf of the applicants.In this regard, PaperTrail has been utilised to complete and annotate applications with eForms, store documentation in a safe and secure repository with the customised permissions in place to safeguard applicants’ privacy, manage the approval flow by use of WorkFlow and eDigital Signatures within the organisation, automate, link and redirect and allocate communication and documentation between the parties, and ensure that governance is met within the Exchange Control process.PaperTrail is proud to be part of the behind-the-scenes process that makes this happen.
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Where to find us
For support: support@egis-software.com | For sales: sales@egis-software.com
Johannesburg Office
138 Athol Street,
Highlands North,
2192
Tel: 011 880 4411
Cape Town Office
Unit 5,
10 Park Lane, Grosvenor Square,
Century City, Cape Town
Tel: 021 913 1221
Durban Office
59 Aberdare drive, Industrial Park, Phoenix, Durban, 4051
Tel: 031 508 1520
Ghana Office
Empower Suites, 8th Floor, Block A, The Octagon, Barnes Road, Central Accra, Ghana
Tel: +233 261 878 023
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23 Piwakawaka Court, Rototuna, Hamilton, New Zealand 3210
Tel: +64 (0)21 646 767 OR
+64 (0) 2239 27507