Optimised Operations & Increased Sales
- 01
Client
- 02
Business Challenge
- 03
Our Solution
- 04
Results
Our clients are the top bullion dealers in the nation, with numerous locations across the nation and daily purchase/sale volumes of a few tonnes. They buy or sell in accordance with bank rate fixing, MCX rate fixing, or international dollar fixing.
When they conduct business using these platforms, numerous factors such as margin, trading types, purity, currency exchange, premium, custom duty, handling fees, value date and extensions, fix and unfix, etc. are involved in the trading process. Managing these factors in accordance with the type of rate fixing for each deal is a challenging task.
Since the price of gold fluctuates, the operation team's primary responsibility is to keep track of each trader who has purchased or sold metal from them.
They buy or sell gold and silver using security deposits or through loans from other guarantors. For this practice, our corporate clients have to manage a number of factors specific to their transaction, which is also a challenging task for the operation team and accounts department.
A bullion trader's primary responsibility is hedging, which provides a risk-free platform for them to conduct business.
The most important aspect of gold trading is hedging deals, which requires the operation head to be constantly informed of market conditions and to make decisions about how much to buy or sell. Since many variable charges are applicable depending on the type of trade, accounting the transaction is also a difficult task.
Inventory management is a difficult task for bullion traders when they have multiple branches to manage and the value of the stock is crucial whether they are wholesalers or retailers.
Our team has a long-time experience working with bullion industry stakeholders, which helps us comprehend the complexity and produce a fully web-based back office solution.
Our solution streamlines a bullion trader's entire operation and is adaptable to various types of rate fixing deals.
Winbull Pro - booking module enables margin management feature that assists in managing customer and supplier account positions and permits order registration when a customer or supplier has a sufficient margin balance. The booking module supports a variety of booking types, as well as a single window buy and sell screen that calculates the cost of a deal with all applicable fees and informs the user of the deal's profit. The deal split concept enables the user to split and relocate the order into various other branches of their business as needed. By eliminating physical and hedging transactions, the hedging module assists in arriving at P & L and makes rupee and dollar hedging possible. The payment module accepts a variety of payment methods and clearly displays the payment status for a deal. The automated cash bill feature creates invoices for cash transactions for an unlimited number of customers in a matter of minutes. When there is a discrepancy between the quantity ordered and the quantity delivered, which happens frequently in the gold industry, the delivery module aids in solving the problem.
Our accounts module assists in keeping track of the customer-supplier ledger and informs the user of the customer/current supplier's status. Our solution is very helpful for managing data from multiple branches using a single solution, and the inventory control makes business operations simple. The user can create records in various forms using filters in a variety of reports. You can manage both your bullion operations and overall accounting using Winbull Pro's core technology, which is compatible with integration into third-party solutions like Tally or any other ERP solutions.
Compatible to handle multiple branch data. It is possible to manage the entire operation, accounts, and inventory from a single desk because the solution is compatible with handling multiple branch dates.
With accurate margin management the client can deal with the right customer/supplier and could prevent losses. If a customer does not have enough margin, MTM status warns the user to close the position.
Supports different kinds of rate fixing in dollars or rupees and makes it simple to calculate the costs associated with a deal based on the fixing type. Based on the type of trade, a single window buy and sell screen determines all applicable fees. It streamlines the trading desk operations and uses fewer resources.
Through a variety of reports, the inventory system simplifies business operations and allows users to create as many reports as they want. It facilitates risk-free operation of their business
Reduces the workload of the accounts department by making it easy to track records and manage parties ledgers.
Our solution manages the entire bullion back office operation and enables businessmen to remotely monitor daily activity.
Simplifies trading desk, operation, and account team activities, which cuts costs by utilising fewer resources.