The engine was designed in compliance with the ACID requirements on transactions and transactional systems. The platform automates the optimal sequence of operations for the processing of data and completion of transactions of various kinds. During the course of your work, you’ll be able to perform a high number of transactions with minimal system response time.
The platform sports high fault tolerance: in the case of external glitches you can be sure that the results of all successful operations are safely recorded in the system.
The transaction transparency principle, which lies at the foundation of the KoenigFinance system, enables managers and clients to clearly see the updated account balance following successful transaction completion. Besides that, managers can see all internal accounting entries in transaction details, for example: incoming commission payments, affiliate payouts, currency conversion transfers, etc. The system keeps a record of changes in statuses of operations and logs the name of each manager that performed actions on them.
Examples of transactions:
The KoenigFinance solution incorporates a transaction building system based on the so-called Transaction Patterns. The Patterns come with a broad-spectrum toolbox for creating complex financial transactions with multiple transitions between different statuses and operations appropriate to them. This enables anyone to model out virtually any cash flow scenario with various transaction processing stages. Calculation of commissions charged per transaction can be performed at any processing stage depending on its structural logic.
Exemplary logic behind a money transfer to an external bank account:
Assess the economic indicators of your business and analyze the cash flows in your accounts. The system keeps a record of all financial transactions (commissions, affiliate payouts, currency conversions, transfers, etc.).
Learn more in “Reporting”
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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