Business Edge, the specialist supplier of banking and insurance systems and services, is building on its reputation for meeting the needs of African companies in the banking and insurance sectors with its status as the exclusive implementation partner for IMX Software in the region.
Hennie Pretorius, Director: Banking at Business Edge, explains that IMX Software is the global leader in banknote trading and travel money technology solutions.
"Founded in 1991, the company specialises in developing software solutions for three market segments: wholesale currency and banknote trading; currency distribution and fulfilment; and retail foreign exchange and travel money products for business-to-business and business-to-consumer channels," he says.
IMX wholesale and distribution solutions automate the processes that support the purchase, sale, fulfilment, secure shipment and settlement of high volume bank note, travellers' cheques and precious metal trading. The software includes integrated reporting tools that support internal audit and compliance obligations to the high standards demanded by central banks.
Meanwhile, says Pretorius, IMX retail solutions automate the provision of travel money products and cash, and foreign currency exchange via point-of-sale and online channels, with full support for international anti-money laundering regulations governing such transactions.
Implemented by Business Edge, IMX delivers complete solutions including back office (cash and inventory management), front office (point-of-sale and trading room), Internet-enabled e-commerce (B2B and B2C) and settlement software applications for financial institutions.
"The company's solutions are suitable for retail branches or business partners as well as retail outlets that sell travel funds products," Pretorius continues, adding that IMX's key strength is the relationships that it has with the major organisations operating in the travel money, foreign exchange and banking industries. Over 100 organisations across the globe have benefited from IMX's solutions, including American Express, ANZ Bank, Credit Suisse, Commerzbank, Royal Bank of Scotland, Travelex and the UK and Australian Post Offices.
In Africa, IMX's solutions have been successfully implemented by Business Edge for American Express Foreign Exchange Services, Standard Bank and First National Bank Botswana.
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Business Edge is a specialist supplier of business systems and services to the financial services industry in Africa; specifically to the banking and insurance sectors.
Profound industry knowledge, leading software products, best practices and excellent service delivery enables Business Edge to unleash the capability in its clients' organisations by enhancing their business processes and systems. The solutions Business Edge provides align and integrate people, processes and technology to help banks and insurers improve the performance of their businesses.
Established in 1990, its ability to deliver world-class, business-critical systems on time and within budget has yielded an impressive local and regional client base that includes Absa, American Express, Anglo Platinum, Anglo American, Discovery, Europ Assistance, First National Bank, Hollard, Investec, Liberty Life, MIBFA, Mutual & Federal, Platinum Health and Standard Bank.
Business Edge is situated in Rivonia, Sandton. More information on Business Edge is available at www.businessedge.co.za.
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