FXLoader Cloud Service to load FX rates into ERP Applications
ERP applications with multi-currency features require currency exchange rates to be entered or loaded into the application. These are often daily rates for transaction conversion and period end/period average for accounting functions such as revaluation and translation.
The FXLoader Solution
FXLoader Cloud Service provides a fully automated interface to load rates from leading sources into ERP applications. 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 ERP Application. Rates are loaded as the final step, using the supported web services.
FX Loader Cloud Service Demo – Configure in under 3 minutes
Currency rates are a small part of any application implementation and we believe they should just ‘be there’ – always available, always accurate.
Our primary goal is to make FXLoader Cloud Service as quick and simple as possible to configure.
There are plenty of options to cover how you prefer to load rates (sources, currencies, dates, etc.) but as long as you know what you need it can be set up and running in 30 minutes.
We provide configuration pages on our cloud platform (Oracle PaaS) which you can use yourselves, or we can configure for you. Most often, the initial set up is done together.
Rates Data Source
FXLoader loads rates from OANDA, Xignite, Reuters, xe.com, 50+ central banks including the European Central Bank (ECB) and UK HMRC (UK tax authority). Choose your rates source, or even use more than one, to load into different rate types for use in different parts of your organization.
OANDA is one of the most trusted sources of currency data. FXLoader are OANDA partners and provide their exchange rates service as part of the FXLoader subscription. The service provides daily market rates to every tradable currency.
Xignite provide the Market Data Cloud on their enterprise-class delivery platform. Their currency rates service provides market rates to every tradeable currency. FXLoader are Xignite partners, enabling us to provide their service as part of our subscription.
Xe is a well-known and trusted source of mid-market exchange rates, covering every trade-able currency. They use 100+ international sources, filtered for errors, to ensure their currency data reflects accurate global rates.
Open Exchange Rates provide a low-cost yet reliable source of mid-market rates, covering every tradeable currency.
Refinitiv is the new name for Reuters when it comes to market data. Their DataScope Select service (DSS) is integrated into FXLoader to provide access to Refinitiv currency rates data for market rates. You will need an account with Refinitiv that includes DSS.
The Bloomberg Hypermedia API service (HAPI) is used by FXLoader to automate access to Bloomberg currency rates. You will need an account with Bloomberg that includes HAPI access.
The ECB publishes Euro rates to 33 major currencies. FXLoader can triangulate these rates to provide rates based on USD, or any other currency combination. This is a free source, yet we have found it to be as reliable and authentic as any paid source, for the currencies covered.
FXLoader provides official central bank rates for a large and growing list of countries. These are often needed for statutory reporting in some countries, such as Mexico, Brazil, other countries in Latin America, parts of Europe and many others.
FXLoader Cloud Service supports loading currency rates into:
Key Features of FXLoader Cloud Service
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We’ve been very satisfied with the service we are getting from FXLoader. The interface works extremely well. If all of our software partners behaved this way, we will be in a much better place. I now appreciate our partnership even more.
From my end the implementation couldn’t have been any easier! Your customer service and support are absolutely superb.
The FXloader is a great tool to have and the implementation process was also a breeze.
I’ve been very happy with the product, it is a very well thought out design and has everything we need. Implementation was also very easy and quick.
FXLoader is doing a great job. Your company has also be very proactive in identifying and resolving any issues (which has been rare). It was one of the easiest/fastest integrations as well.
FXLoader has been working seamlessly in our Cloud Fusion environment for almost three years. They are very responsive to any issues or failures (which are rare) and normally have them resolved before we feel any impact.
FXLoader has been supportive and nimble over the last 3 years of our partnership. We have scaled to different geographies and FXLoader has responded rapidly to our needs for adding different currencies often. Thank you!
I have used the application since my first day in the Oracle Cloud and it works perfectly. I also get excellent service.
The setup was super quick and hassle-free, but the thing that impresses me most is the on-going support that FXLoader offers. I wish more companies were as efficient as this.
FXLoader has worked out absolutely great for SIM. It is an extremely easy and seamless integration. Setup took less than 15 minutes. Customer Support is superb compared to any other Vendors I have dealt with. The team is also very proactive, which is absolutely amazing! Best currency exchange rate application I have used to date.
The product is working as it was promised and the implementation process was very smooth and issue free. You guys have excellent customer service.
I think it is a brilliant product. Installation and implementation process are superb and very quick.
FXLoader is running great and doing exactly what we need. It is working perfectly…we are glad we found it.
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
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.
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.
The fast and easy set up, coupled with first class customer support easily makes FXLoader the best choice for Oracle Cloud Applications.
I have to say that FXLoader was by far the “easiest” ERP process I’ve come across. It’s a no-brainer!
FXLoader has been a tremendous addition to our Oracle ERP configuration. It runs seamlessly each night loading 500 + currency pairs.
After talking to our finance team the feeling on FXLoader is “It just works”.
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!
Honestly, this was the easiest system installation we have. I am really glad that we found you.
I really did appreciate your quick responses and willingness to work with us on our schedules and within our processes!
we loved your product – it worked beautifully
The interface is working very well – we have encountered no issues since enabling.