In the KoenigFinance system your customers can hold accounts and perform transactions in US dollars, euro, pounds sterling, and any other supported currencies, including crypto.
Users are free to set up their own set of currencies for each account indicating the base currency that is used in reports that can be generated in full accordance with the requirements of financial regulators. At the same time, all transactions contain accounting information both in the settlement currency and in the base currency, which allows for transparent and clear management of multicurrency financial flows.
You and your customers can transfer funds between own accounts or to accounts of third parties with automatic currency conversion. For example: if payment for an online purchase with a price in USD is deducted from a euro account, the system will by default recalculate the order amount in the account currency.
Exchange rate data is collected automatically from several sources, which significantly increases its reliability and accuracy of calculations. You can configure the intervals of exchange rate updates as you see fit and have the data refreshed once a day as well as every second.
Informative charts allow you to track the changes of exchange rates for any currency within a month, a year, or any other time period for subsequent comparison and analysis.
The Tariffs for currency exchange in your system can also be adjusted individually depending on the needs of your business.
We are always happy to answer any of your questions regarding the features and capabilities of the KoenigFinance platform as well as provide real-time demonstration of our products.
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