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
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.
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 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.
Plans and pricing
All plans include:
Standard Euro
European Central Bank Integration & OANDA
Includes unlimited User Price unavailable in this region- Minimum contract 1 month
European Central Bank Integration & OANDA
Includes unlimited User Enterprise - OANDA
OANDA integration to access over 200 exchange rates (additional OANDA-fees will apply)
Includes unlimited User Price unavailable in this region- Minimum contract 1 month
OANDA integration to access over 200 exchange rates (additional OANDA-fees will apply)
Includes unlimited User EZB-Triangulation
European Central Bank Integration with currency triangulation calculation
Includes unlimited User Price unavailable in this region- Minimum contract 1 month
European Central Bank Integration with currency triangulation calculation
Includes unlimited User
