It is important to carefully consider which currency exchange rates you actually need when choosing which ones to load into your ERP. Whilst loading more FX rates than you require may appear to be harmless, it can cause unexpected problems. Why limit the number of rates...
FXLoader FXLoader is a cloud application that integrates currency rates, from leading sources, into Oracle ERP Cloud (Fusion) and other ERP applications. It is currently the top-ranked app on the Oracle Cloud Marketplace. Oracle PaaS Oracle Platform as a Service (PaaS) provides Oracle technology components on Oracle Cloud. FXLoader on...
Many companies standardise on a certain number of decimal places when they use currency rates. However, this can be dangerous for low value currencies, creating very inaccurate rates or even rates of zero. But what’s the difference between decimal places and significant figures? When rounding to a...
Release 13 Most of our clients using Oracle ERP Cloud, or Oracle Sales Cloud, are currently (October 2017) on Release 12. In fact, some of them are in the process of being upgraded to Release 12, or have only just moved there. For these clients, Release 13...
Oracle ERP Cloud (aka Financials Cloud or Fusion) has extensive multi-currency functionality, as you’d expect. This post looks at the basics of how this works, for transactions and their resultant balances. Ledger Setup The balances for all accounts are held against a ledger. These balances are updated by...
Let’s assume you are accounting quite happily for your single company, transacting in your single ‘home’ currency only. Let’s assume you’re in the US, so everything is dollars. Of course you may buy the occasional item or service priced in a foreign currency, but you buy...
I’ve been to various Oracle User Group conferences, as a presenter, exhibitor and a regular attendee looking to learn as much as possible. Collaborate is definitely my favourite. It’s a joint conference put on by three user groups: OAUG (Oracle Applications User Group) – Oracle applications, especially...
Date: 15th December 2016 Release 44 includes the following enhancement: Date Offset - Allow Forward Offset Previously, the Date Offset for Fetch stages had to be zero or negative. However, the UK HMRC publish rates in advance of their effective date, so clients may wish to user a...
Date: 12th December 2016 Release 43 includes the following enhancements: Inquiry Only Users You can now set up users with access to the FXLoader application who can only view data; they cannot update any of your configuration. Inquiry access allows users to see the outcome of jobs and...
Date: 14th November 2016 Release 41 includes the following enhancement: Improve Web Service Error Reporting In the event of a failure of a web service call, either to get rates from a source or send them to your ERP, we have improved the reporting shown in the notification...