FXLoader, a provider of FX rate integration software and Gold-level member of Oracle PartnerNetwork (OPN), has announced that its FXLoader Cloud Service is now available in the Oracle Cloud Marketplace. Running on the Oracle Cloud Platform, the FXLoader Cloud Service helps customers to ensure that they always have the latest, accurate currency rates in their Oracle Enterprise Resource Planning (ERP) Cloud and Oracle Sales Cloud applications.
The Oracle Cloud Marketplace is a one-stop shop for Oracle customers seeking trusted business applications and cloud hosting service providers offering unique business solutions, including ones that extend Oracle Cloud Applications.
Oracle ERP Cloud customers can choose to source rates from FXLoader’s partner providers – OANDA, Xignite, Reuters and the European Central Bank. They configure options for flexible scheduling, combinations of market and central bank rates and triangulation to create cross-rates, then rates are loaded in the background via web services. Users of all modules of Oracle ERP Cloud can then enter foreign currency transactions, including purchase orders, invoices and journals, knowing they will automatically be converted using the latest rates.
Financial controllers can perform period end revaluations and translations using accurate rates from sources their auditors are already comfortable with. Local statutory requirements to use specific central bank rates are covered by rates from Xignite, which provides many of those sources within their service.
Oracle Sales Cloud customers can use the same service to keep rates up to date, so that opportunities entered in a foreign currency, for example, are converted to their functional currency.
“Integration is a key concern for users of pure cloud applications,” said Peter Care, Founder, FXLoader. “Customers are looking for solutions to enable the automated data integrations they need to run their businesses. For companies running Oracle ERP Cloud in a multi-currency environment, accurate exchange rates are vital. FXLoader provides this full automation and, as it runs on Oracle Cloud Platform, gives customers the same trusted platform that their Oracle Cloud Applications run on. The Oracle Cloud Marketplace provides a powerful tool for users to find valuable extensions for their Oracle Cloud Applications and enables customers to easily reap the benefits of FXLoader.”