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 spreadsheet to manually enter and load daily rates, but 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 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), processes them according to your configuration, and loads them into your Oracle ERP Cloud/Oracle Sales Cloud application.
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
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.
The fast and easy set up, coupled with first class customer support easily makes FXLoader the best choice for Oracle Cloud Applications.
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 interface is working very well – we have encountered no issues since enabling.
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.
The product was very easy to implement. It runs without issues.
The product is working as it was promised and the implementation process was very smooth and issue free. You guys have excellent customer service.
From my end the implementation couldn’t have been any easier! Your customer service and support are absolutely superb.
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!
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!
After talking to our finance team the feeling on FXLoader is “It just works”.
Honestly, this was the easiest system installation we have. I am really glad that we found you.
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.
we loved your product – it worked beautifully
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.
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.
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!
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 a tremendous addition to our Oracle ERP configuration. It runs seamlessly each night loading 500 + currency pairs.
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.
FXLoader is running great and doing exactly what we need. It is working perfectly…we are glad we found it.
The FXloader is a great tool to have and the implementation process was also a breeze.
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.