Your FINTRAC
Solution

EXPANEL simplifies the invoicing process by offering customizable invoice templates that meet all business needs, enabling automatic generation of invoices based on the services provided or products sold. It incorporates billing rates, calculates totals based on exchange rates, and includes customer and transaction information along with the FINTRAC submission code for seamless financial transactions.

EXPANEL provides comprehensive management of employee profiles and access levels, ensuring that employees have appropriate system access based on their roles and responsibilities. It also features an administrative log that records all employee activities related to office data, enhancing oversight and security.

Absolutely, EXPANEL is designed to keep detailed records of all reports and client information, providing easy access, management, and analysis capabilities within the application.

All payments for EXPANEL are processed through PayPal, and we can provide invoices for your regulatory and tax purposes. There is no need to attach a credit card at all for initiating services, including the 7-day trial.

EXPANEL is an offline platform that resides on your office systems, ensuring that all sensitive data remains within your local network, significantly reducing the risk of online attacks. The platform only connects to the internet to check licenses, submit reports to FINTRAC, or update the latest exchange rates in real-time. This approach minimizes exposure to external threats, as an attack would require breaching your local network, which is considerably less likely.

Monitoring the success of report uploads can be easily done through EXPANEL's dashboard or notification system, which provides real-time feedback on the upload status.

EXPANEL stays updated with the latest compliance and regulatory requirements, including support for current versions of LCTR and LVCTR documents. It's recommended to periodically verify for the most recent support updates.

Yes, you can import data from Excel into EXPANEL, allowing for efficient integration and setup with your existing data.

EXPANEL provides functionality to export data to Excel for analysis or reporting purposes, as well as options for creating data backups to ensure security and integrity.

Customer feedback is crucial to EXPANEL, and requests for new features are considered for development based on feasibility and demand, to be potentially included in future updates.

While English is the primary language, EXPANEL may offer additional language support based on user demand and its internationalization strategy. Current language options can be verified within the app.

Yes, EXPANEL allows you to purchase requests for checking customers against sanctions and PEP lists through the app's API. For testing purposes, we provide the first 10 requests for free.

No, it is not necessary to work with an AML (Anti-Money Laundering) advisor if you use EXPANEL. Our application is designed to fully incorporate all compliance requirements and the latest changes in regulations, making it a comprehensive tool for your audit sessions by regulatory bodies such as FINTRAC. While EXPANEL alone is sufficient to ensure your business meets legal and regulatory standards, you may choose to work with AML advisors for the purpose of learning and training, which should be presented to FINTRAC as part of your compliance efforts.