Automated solution for download and upload FX rates from Czech National Bank
This solution automates the process of downloading and updating exchange rates from a trusted source (CNB) into SAP S/4HANA. It minimizes FX loss risks by using current rates and simplifies reconciliation. Seamless integration with SAP modules such as Financial Accounting, Controlling, Material Management, Sales and Distribution and Treasury and Risk Management ensures consistent and accurate currency conversions across the system.
Overview
Save time and reduce errors with automated exchange rate updates
The solution streamlines the process of fetching and updating exchange rates from a reliable source (CNB) into SAP S/4HANA, which saves time and minimizes the risk of manual entry errors. This ensures that exchange rates are consistently up to date, preventing the use of incorrect rates for currency conversions, valuations, and reporting.
Enhance compliance and auditability
By sourcing rates from a reliable institution and maintaining an audit trail for foreign currency transactions, the solution ensures compliance with financial regulations. This minimizes the risk of FX loss by using current rates and simplifies reconciliation.
Integrate seamlessly with various SAP S/4HANA modules
The solution integrates seamlessly with various SAP S/4HANA modules such as Financial Accounting, Controlling, Material Management, Sales and Distribution and Treasury and Risk Management. This ensures consistent and accurate currency conversions across the system, reducing discrepancies and improving financial data accuracy throughout the entire system.
Details
Solution type
Extensions and Add-ons
Industry
Cross-Industry, Banking
Compatibility
Works with
Features
Download of exchange rates
The solution allows for downloading exchange rates from the CNB (Czech National Bank) API and adjusting rate types before storing them in the database.
Customize rate types
Users can adjust rate types for each exchange rate before storing them in the database. This customization is facilitated through an SAPUI5 application.
Approve and Store
Once satisfied with the selected rate types, users can approve and send the selected rates with chosen rate types to the backend system for storage in the database.
Plans and pricing
Standard Edition
Ability to flexible download and save FX rates from Czech National Bank using current rates
- Minimum contract 1 year
Ability to flexible download and save FX rates from Czech National Bank using current rates
Technical Information
| Solution type | Extensions and Add-ons |
| Category | Accounting and Financial Close |
| Industry | Cross-Industry, Banking |
| Works with |
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The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
| Deployment |
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| Globalization |
Localized for business best practices This product has been localized to incorporate local business best practices (e.g. support for local currencies). |
| Operations |
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Resources
Solution Overview
Demo Presentation
More Information About the Solution
Publisher
Zatopek Consulting, a.s.
Zatopek Consulting is a specialized SAP consulting company focusing on complex solutions based on treasury and risk management functionality in SAP. In addition to supporting our partners in standard functionality implementation and providing project based development we have also developed a set of unique complex solutions for funds asset management companies.
