Phoenix Forex, a new bureau de change operator based in Central London, has selected and implemented IMX Software’s GTS-Retail currency point of sale system to launch its new business. Phoenix selected the Software-as-a-Service (SaaS) version of GTS Retail which allowed the branch to be up & running just a few days after securing new premises.

GTS-Retail will support Phoenix’s strategic positioning as a provider of competitive pricing and excellent service, and provide a base for planned expansion of operations.

IMX Software’s SaaS-based solution significantly boosts transaction performance whilst lowering operating costs and complying with know your customer (KYC) and anti-money laundering (AML) laws and regulations. The solution will enable Phoenix to store client information centrally, enabling repeat customers across the business to be fulfilled rapidly without having to capture additional documents.

The software-as-a-service contract was awarded to IMX due to the superior modernity, scalability and flexibility of its new GTS-Retail system, which will be delivered as a managed service from a high-specification UK hosting environment.

Matt Richardson, Director at Phoenix says: “GTS has been rapidly accepted by the bureau staff as the interface must be the easiest to use on the market. Phoenix has a consistent view of its stock and cash position, allowing key staff to easily manage important trading, stock and profitability metrics while focusing on delivering great service to the customer.”

Says Bill Tickner, CCO of IMX Software: “We are delighted to take Phoenix Forex live on IMX’s SaaS-based version of GTS-Retail and look forward to supporting its ambitious plan for operational expansion.”