VKC launches new software to manage forex transaction risk

Chennai, Apr 12 (UNI) The Chennai-based VKC Software Solutions Private Limited today launched a first of its kind software that enables the corporates to manage risk arising out of forex transactions.

The software "DiffEye+", under subcription model, was a technologically and functionally enhanced, feature-rich product and a first in Corporate forex treasury domain, Company Managing Director Jagadesh Sekar told reporters here today.

It was a complete Forex risk management system aimed at helping corporates, big or small, to take informed decisions in managing risk arising out of foreign exchange transaction, he said.

DiffEye plus is a unique and affordable model and the customers could pay as per their use, he said and added that the company has targetted 720 customers for this unique product in the first year.

''In the next three years, we are planning to have a customer base of 3,500 for this product'', he said.

About the revenues, Mr Jagadesh said the company was eyeing a quantum jump in its turnover from Rs 60 lakhs to Rs 1.60 crore during the current year.

UNI