Keep Exchange Rates Current All the Time

Automatically import exchange rates from certain sources (e.g. European Central Bank) into your Business ByDesign system. Stop wasting time with manual data transfers and keep the exchange rates current at all times and prevent transmission errors.

Overview

Eliminate errors

Automatically import exchange rates into SAP instead of manual entry to ensure accurate financial data, streamline reporting, and improve decision-making

Save time

Stop wasting time with manual data transfers by using the automatic exchange rate import to keep SAP rates accurate, up to date, and fully reliable for financial reporting

Ensure accurate rates

This solution helps businesses maintain accurate and consistent rates by automating pricing calculations and validations across systems. By reducing manual input and discrepancies, companies improve data reliability, minimize revenue loss, and build trust with customers and partners through always up-to-date, accurate rates.

Details

Solution type

APIs and Technical Components

Industry

Retail

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

European Central Bank Integration & OANDA

It integrates with the European Central Bank and OANDA to automatically import exchange rates, ensuring accurate, up-to-date data, reducing manual effort, and supporting reliable pricing, accounting, and reporting.

European Central Bank Integration & OANDA
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Define Update Intervals

You can define flexible update intervals for exchange rates—daily, weekly, or monthly. Even infrequent updates save time with a single mass import, ensuring accurate, consistent rates without manual entry and reducing errors in pricing and reporting.

Define Update Intervals
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Define Cross Rates

Since the ECB only offers direct rates. Hence we also included cross rates. The Cross rate/Triangulation is an exchange rate between two currencies, which is determined using the respective exchange rates for a third currency.

Define Cross Rates
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Plans and pricing

All plans include:

Mass Data ImportDefine Update IntervalsEuropean Central Bank Integration & OANDA

Technical Information

Solution type APIs and Technical Components
Category Enterprise Resource Planning
Industry Retail
Works with

SAP Business ByDesign

Resources

Landing Page

One Pager

Exchange Rate Import App

Publisher