Exchange Rate Synchronization for SAP Business ByDesign
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.
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
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.
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).
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.
Plans and pricing
All plans include:
Standard Euro
Conversions from euro to any currency published by the ECB.
Includes 1 Production Tenant Price unavailable in this region- 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 Price unavailable in this region- Minimum contract 1 year
Conversions between all currencies published by the ECB.
Includes 1 Production Tenant
Customer reviews
Technical Information
| Solution type | Extensions and Add-ons |
| Category | Enterprise Resource Planning |
| Industry | Cross-Industry, Retail, Consumer Products, Engineering, Construction, and Operations, Professional Services |
| Works with |
SAP Business ByDesign |
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.
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| Globalization |
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| Operations |
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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.
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| Compliance |
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| Privacy policy |
SAP's privacy policy is not applicable to the use of this app. Please refer to the privacy policy provided by this app's partner. |
Resources
ByD Exchange Rates Factsheet
ByD Exchange Rates Demo
ByD Exchange Rates Architecture Diagram
Publisher
NETERIS CONSULTING S.L.
Neteris in a Management and Information System Consultancy with the clear intention of providing its clients with excellence and maximum optimization of their IT investments. We offer analysis, transformation and business needs management services through the implementation of technology.
