Exchange Rate Synchronization for SAP Business ByDesign

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If you work with multiple accounting systems or your company has a large volume of transactions in foreign currency, we help you gain efficiency. Our Add-On solution automatically synchronizes Exchange Rates with the European Central Bank.

By NETERIS CONSULTING S.L.

Overview

Automate Exchange Rate Table Maintenance

Automatically synchronize the Exchange Rates with the European Central Bank, granting precise conversion rates, elimination of errors and saving of time.

Improve Processes affected by Foreign Currency

Gain efficiency and accuracy when posting journal entries in group currency, calculating realized Exchange Rate differences and valuating assets and liabilities in foreign currency.

Focus on your Business

Rely on our Add-On solution for this repetitive task. Release resources to focus on your core business processes, analize information and add value to your enterprise.

Details

Solution type

Extensions and Add-ons

Industry

Cross-Industry, Retail, Consumer Products, Engineering, Construction, and Operations, Professional Services

Compatibility

Works with

This product is compatible with or enhances the functionality of these SAP solutions but doesn't require them.

SAP Business ByDesign

Features

Imports all currency pairs published by the ECB.

Our Add-On solution imports all currency pairs published by the European Central Bank web service. The end user may select which currency pairs to be imported.

Imports all currency pairs published by the ECB.
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Calculates reverse rates between currencies other than euro.

The triangulation plan includes logic to calculate conversion rates between currencies other than Euro. For example, when you need to obtain the rate between US Dollars (USD) and British Pounds (GBP).

Calculates reverse rates between currencies other than euro.
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Allows scheduling the frequency of synchronization.

Recurrent jobs can be scheduled to synchronize currency pairs. For example, on a daily basis at 4:30 PM, right after the European Central Bank publishes the Exchange Rates.

Allows scheduling the frequency of synchronization.
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Plans and pricing

All plans include:

1 Production Tenant.

  • Standard Euro

    Conversions from euro to any currency published by the ECB.

    Includes 1 Production Tenant
    Per Month
    EUR 55.00
    • + EUR 890.00 Setup Fee
    • Minimum contract 1 year

    Conversions from euro to any currency published by the ECB.

    Includes 1 Production Tenant

  • ECB Triangulation

    Conversions between all currencies published by the ECB.

    Includes 1 Production Tenant
    Per Month
    EUR 111.00
    • + EUR 890.00 Setup Fee
    • Minimum contract 1 year

    Conversions between all currencies published by the ECB.

    Includes 1 Production Tenant