The entire system has a unified user interface. It automatically posts and accounts for everything. It handles any number of foreign currencies. It automatically calculates exchange rate differences. The exchange rate data can also be requested from the internet.
The web-based system can be deployed in two ways:
- With a Database Located at the User’s Site:
The data is physically located on a designated machine at the user’s premises. The client accesses the data through their own internal network. (It’s potentially feasible for the data to be accessible from anywhere over the internet.)
The user is responsible for data backup.
New versions do not update automatically; the provider, after consultation, installs the new version via remote access.
- With a Database Located at the Service Provider’s Site:
The data is physically located at the service provider’s site, and the client can access the data from anywhere in the world with an internet connection.
The service provider takes care of data backup.
New versions update automatically; no separate installation procedure is required.