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.
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.
Currency rates are a small part of any application implementation and we believe they should just ‘be there’ – always available, always accurate.
Our key 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 10 minutes.
We provide configuration pages on our cloud platform (Oracle PaaS) which you can use yourselves, or we can configure for you. But, most commonly, the initial set up is done together.
Watch this demo to see just how easily FXLoader can be configured.
FXLoader loads rates from OANDA, Xignite, Reuters, xe.com, 40+ 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, and central bank rates with their Advanced Plan.
Xignite provide the Market Data Cloud on their enterprise-class delivery platform. Their currency rates service provides market rates to every tradable currency, plus rates published by a number of central banks around the world. FXLoader are Xignite partners, enabling us to provide their service as part of our subscription.
The Reuters DSS service provides web service access to Reuters currency rates data.
XE uses 100+ international sources, filtered for errors, to ensure their currency data reflects accurate global rates.
The ECB publishes EUR rates to approximately 33 major currencies. FXLoader can triangulate these rates to provide rates based on USD, or any other currency.
FXLoader provides official central bank rates via Xignite, OANDA and direct within FXLoader. These are needed for statutory reporting in some countries.
Built on Oracle’s robust and reliable Platform as a Service cloud platform
Integration with rates providers and ERP Applications via fully supported web services
Market and Central Bank rates are available
Optional built-in triangulation to derive cross rates
Use the most trusted rates sources
Ability to populate legacy currency codes from current currencies, e.g. MXP from MXN
Robust failure handling including automatic re-tries
Set up email notifications for all runs, or on an exception basis
Choose any frequency and timing of run, to load into any date or range of dates
Choose Bid, Ask or Mid-point rates and flexible rounding options
Daily Rates available, plus Period End, Period Average, QTD Average and YTD Average
FXLoader has been a tremendous addition to our Oracle ERP configuration. It runs seamlessly each night loading 500 + currency pairs.
Honestly, this was the easiest system installation we have. I am really glad that we found you.
The fast and easy set up, coupled with first class customer support easily makes FXLoader the best choice for Oracle Cloud Applications.
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
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 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!
We’ve been very satisfied with the service we are getting from FXLoader. The interface works extremely well.
FXLoader is running great and doing exactly what we need. It is working perfectly…we are glad we found it.
we loved your product – it worked beautifully
After talking to our finance team the feeling on FXLoader is “It just works”.
The interface is working very well – we have encountered no issues since enabling.
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.
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.
I really did appreciate your quick responses and willingness to work with us on our schedules and within our processes!
I think it is a brilliant product. Installation and implementation process are superb and very quick.