Organizations that work with multi-currency need to ensure accurate currency exchange rates for accounting purposes. These exchange rates are used to convert transactions amounts to the reporting currency of each legal entity. Within most countries, current market rates are required for accounting. However, certain countries require,...
The Venezuelan government decided to complete a Venezuela currency revaluation October. This was the third revaluation within in the past three years. History In August of 2018, the government of Venezuela decided to revaluate its currency due to high inflation. The ISO currency code (VEF) was replaced by...
FXLoader and Zuora for Billing The newest FXLoader feature allows users to utilize integration with Zuora Billing. FXLoader offers clients the flexibility to push FX rates directly into the Zuora Billing software. Zuora is a real-time SaaS platform that automates all subscription order-to-revenue operations for businesses,...
We have always been committed to providing the leading sources of FX rates within FXLoader, based on the market and requests from clients. However, Bloomberg was one source that was not possible to add, due to the lack of a web service compatible with our...
FXLoader recently had the opportunity to attend Ascend 2021: Elevating Insights for the Oracle Community in Hollywood, Florida (IN-PERSON!). Virtual & In-Person For many people, 2021 OATUG Ascend was the first return to an in-person conference. As expected, there were some last-minute cancelations and travel restrictions. However, holding the...
At FXLoader we work with tier-1 ERPs, the two most popular being Oracle ERP Cloud and Oracle E-Business Suite, which are also where I spent my previous life as a consultant. These global ERPs are used by the largest companies and so need to be able...
We have helped a number of new clients with the FX rate portion of their migration from Netsuite to Oracle ERP Cloud. Often, the motivation for this ERP move is to take advantage of the enhanced multi-national, multi-organization functionality in Oracle ERP Cloud. This is a full...
The European Central Bank (ECB) publish FX rates every weekday, from the Euro (EUR) to 33 major currencies. Over the years, the rates published have been extremely reliable and authentic, and many FXLoader clients load the rates into their ERP for accounting purposes. This could be...
Most countries do not fix their currency rates at a particular value – their currency fluctuates in value depending on the market. But some countries choose to peg their currency so it is fixed against the currency of another country, often the US Dollar. Occasionally...
There’s been a lot of analysis of 2020, the strangest of years. We thought it might be useful to leave out the pandemic (plenty has been said elsewhere) and summarise 2020 for FXLoader. New Central Bank Sources Official central bank or government sources of FX rates are...