IMX currency distribution and fulfillment solutions are designed to assist and support travel money organizations with a scalable and robust e-business back office solution which automates the order fulfillment and inventory management from any distribution channel. IMX's integrated solutions are designed to enable the electronic processing, fulfillment and management of currency orders electronically, specifically to:
- Order, manage and fulfill inventory distribution for retail delivery
- Establish interfaces with product suppliers (e.g. cash, travelers cheques)
- Initiate straight-through processing
- Accept orders from IMX’s product suite, retail branch networks and online ordering systems
- Manage product information and delivery rules through centralized administration
- Facilitate branch replenishment as well as customer orders
- Support the creation and distribution of pre-pack products
- Manage vault inventor
The Distribution & Fulfillment Process:
Non-stockist channels require a fulfilment operation to process orders and ensure that the foreign exchange is delivered when and where required. Stockist outlets usually rely on a fulfilment operation to replenish the stock at the branch when branch inventory runs low. These fulfilment operations involve either a third party to provide the foreign exchange, or a vault managed within the organisation itself.
Retail fulfilment operations usually involve processing large amounts of orders each day, many of which will be sent to similar destinations, for example to the same branch for customer pick up. It is important that the fulfilment operation uses a sophisticated vault management and distribution system, to ensure maximum efficiency in the pick/pack and distribution process. The system should make best use of available foreign exchange inventory to fulfil as many orders as possible and optimise delivery costs – for example all orders going to one branch should be packed and dispatched in the same truck to minimise transport costs.
In an organisation with multiple selling channels, such as web sites and point-of-sale, orders may reach the distribution centre from various sources, and the distribution system must be flexible enough to process each type of order correctly.
The IMX distribution system is tightly integrated with each of the IMX trading platforms, for processing orders from both stockist and non-stockist sources, yet it is still flexible enough to be able to pick and pack orders from third party systems with minimal integration.
IMX's solution streamlines the currency distribution and fulfillment process, offering rapid, cost-effective improvements to its clients:
- Browser-based front-end enables all functions to be performed online
- Enhances back office efficiency
- Full integration enables data to be exchanged freely between systems
Key Features:
IMX's currency distribution and fulfilment solutions provide ots clients with the latest technology, which combines enhanced business functionality with the latest software design. Key features include:
- Ease of deployment, centralized updates and security control
- Electronic order taking through multiple delivery channels
- Full stock control of serialized and non-serialized product
- Enriched product order fulfilment processing, including cash, travelers cheques, gift cards and other products that may be handled by the organization
- Inbuilt barcoding capabilities to streamline tracking and logistics between operations and carriers (electronic manifests with known carriers and third parties)• Detailed position management and exposure reporting (e.g. balancing)
- Designed to easily integrate with customers existing systems
- Accessible throughout the organizations network
- Operates across multiple Microsoft platforms
Benefits to Your Bottom Line:
- Efficient handling of customer and branch orders through multiple delivery channels
- More effective logistics management (e.g. scanning, barcoding)
- Straight-through processing enabling the reduction of manual errors and their associated costs
- Automated electronic sales settlement with product suppliers
- Electronic manifests to delivery carriers
- Reporting capabilities and automated paperwork (i.e. dispatch notes, sticky address labels, picking lists, etc.)
- Supports electronic acceptance and audit of all orders distributed to the branch network (i.e. order that have been accepted, outstanding orders not accepted)
- Place proxy orders on behalf of a branch
What Does it Do?
IMX’s currency distribution and fulfilment solutions allow an organisation to electronically process, fulfil and manage orders regardless of the delivery channel. The centralised module provides full stock management capabilities with interfaces into recognised product issuers for straight through processing of inventory tracking and reporting. Integration with IMX Back Office and point-of-sale solutions enables the following data to be exchanged between systems:
- Rates
- Reference information
- Trust receipt information
- Package reference numbers
- Orders (intra day)
- Transactions
How Does it Help?
- Built for the future. All functionality can be performed online because the product is browser-based and built purposely to work with the internet.
- Increase back office process efficiency. Electronic order taking, fulfilment and inventory management from all delivery channels.
- Fully integrated with other products in the IMX suite.