FXLoader Cloud Service is a back end application running on Oracle’s Platform as a Service (PaaS). Web services are invoked to pull the latest rates from the chosen source(s) and process cross rates, etc. Rates are then either pushed into E-Business Suite, or pulled via a scheduled job on the E-Business Suite side.
Choose from some of the most trusted sources of exchange rates; 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.
E-Business Suite provides extensive multi-currency functionality. It 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.
The application provides a screen to manually enter daily rates, but using this 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 will use inaccurate rates, or cannot be processed at all 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.
FXLoader provides a fully automated interface to load rates from leading sources, directly into E-Business Suite. 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 job then gets rates from your chosen source(s), processes them according to your chosen options, and either pushes them to EBS, or saves them to be pulled via an EBS concurrent request.
The push option requires installing a REST service within the E-Business Suite Integrated SOA Gateway, which is a standard module of EBS. The requires at least release 12.2.4 of EBS. We provide the REST service and instructions to install.
Alternatively, the pull option saves the rates on the FXLoader Cloud Service in the EBS format, then a scheduled concurrent request in EBS calls a REST service to pull the rates into the daily rates table. We provide the REST service and the concurrent program, with install instructions.
Both options are provided in full by FXLoader as part of your subscription, no development is needed. Both options use the Oracle-supported open interface to load the rates.
After talking to our finance team the feeling on FXLoader is “It just works”.
We’ve been very satisfied with the service we are getting from FXLoader. The interface works extremely well.
I have used the application since my first day in the Oracle Cloud and it works perfectly. I also get excellent service.
I have to say that FXLoader was by far the "easiest" ERP process I've come across. It's a no-brainer!
The interface is working very well – we have encountered no issues since enabling.
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 loved your product – it worked beautifully
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 product was very easy to implement. It runs without issues.
The fast and easy set up, coupled with first class customer support easily makes FXLoader the best choice for Oracle Cloud Applications.
Honestly, this was the easiest system installation we have. I am really glad that we found you.
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!
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 been a tremendous addition to our Oracle ERP configuration. It runs seamlessly each night loading 500 + currency pairs.
The product is working as it was promised and the implementation process was very smooth and issue free. You guys have excellent customer service.
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
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.
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.
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!
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.