FXLoader Cloud Service fully automates the load of FX rates into your Oracle Cloud Applications, for converting foreign currency transactions.
Oracle Cloud Applications are SaaS applications built on Oracle Fusion and include Oracle Sales Cloud and Oracle Financials Cloud (part of Oracle ERP Cloud). FXLoader Cloud Service is a back end application running on Oracle’s Platform as a Service (PaaS). A web service is invoked to pull the latest rates from the chosen source, process cross rates and load them via another web service into your Oracle Cloud Applications.
Choose from some of the most trusted sources of exchange rates; including OANDA, Xignite, Reuters, XE and 40+ Central Banks, including The European Central Bank. The subscription to these services is included in your annual FXLoader Cloud Service subscription.
FXLoader can load currency exchange rates into:
Oracle ERP Cloud – Release 8 onwards
Oracle Sales Cloud – Release 8 onwards
Oracle Cloud Applications (Oracle ERP Cloud and Oracle Sales Cloud) provide extensive multi-currency functionality. Oracle converts all transactions in foreign currency to your functional currency using a defined exchange rate – supplier and customer invoices and payments, GL journals, purchase orders, sales orders, etc. These exchange rates are known as daily rates in Oracle and are shared across all applications.
Oracle provides a screen to manually enter daily rates and a spreadsheet loader, but both can be time consuming and prone to error as with any manual process. The impact on the business can be significant:
If rates are not entered, foreign currency transactions cannot be processed for that date
If rates are entered incorrectly, your account balances will be wrong but the problem may not become evident until weeks or months later.
In addition, with the Oracle Cloud Applications, you don’t get access to the back-end of the application or database in order to build an interface.
FXLoader provides a fully automated interface to load rates from leading sources, directly into Oracle ERP Cloud and Oracle Sales Cloud. Set it up to run on a schedule you choose and it will load rates in the background – no user action or checking is required.
FXLoader Cloud Service is a separate cloud application, built on Oracle’s Platform as a Service (PaaS). Configuration is set up in this application; a scheduled process then gets rates from your chosen source(s) and loads them into your Oracle Cloud Application.
Rates are loaded as the final step, using the Oracle-supported web service.
If you are running Oracle Fusion Applications on premise, or in a private cloud environment, FXLoader Cloud Service can still load currency rates.
The web service used to populate the rates is available from Fusion Release 8 onwards. Enabling the use of FXLoader in the same way as those running Oracle’s cloud offerings.
This is a big win for our Finance team. Not only will this save time every month; but is a key process improvement for our SOX initiative
After talking to our finance team the feeling on FXLoader is “It just works”.
Finance Business Analyst, a large US software company
Your help during implementation was incredible and I will always recommend your product and support. Lack of failures and problems tells everything – we are very satisfied.
Honestly, this was the easiest system installation we have. I am really glad that we found you.
we loved your product – it worked beautifully
I really did appreciate your quick responses and willingness to work with us on our schedules and within our processes!
I have to say that FXLoader was by far the "easiest" ERP process I've come across. It's a no-brainer!
We’ve been very satisfied with the service we are getting from FXLoader. The interface works extremely well.
The fast and easy set up, coupled with first class customer support easily makes FXLoader the best choice for Oracle Cloud Applications.
The product was very easy to implement. It runs without issues.
FXLoader keeps all our FX rates up to date, every day from the sources we need. It should be an automatic choice for anyone using Oracle ERP Cloud.
FXLoader has been a great tool that has saved us time and error-proofed our processes. Your team has been outstanding, the implementation was seamless, and I am overwhelmingly pleased with the results we are seeing!
FXLoader is running great and doing exactly what we need. It is working perfectly…we are glad we found it.
FXLoader has been a tremendous addition to our Oracle ERP configuration. It runs seamlessly each night loading 500 + currency pairs.