Global Currency Management With Live OANDA FX Rates
As soon as your organization goes global, you’ve got the added headache of how to deal with with issues related with the constant fluctuations in global currency. Oracle can handle these exchange rate changes automatically, but you have to find a secure and reliable way to upload these exchange rates every day.
Our solution leverages OANDA – the industry standard foreign exchange company providing currency conversion, online retail foreign exchange trading (forex), online foreign currency transfers, and forex information.
SmartDog will set up a single daily inbound transmission of exchange rates so you know that your Oracle applications are processing transactions accurately when they involve foreign currencies. Our experts have extensive experience with global currency management and can walk you through setup and testing of every step in the process.
Your customers depend on you to use the correct exchange rate for each transaction. You can depend on SmartDog to help you do it easily.
Estimated Price: $2,400
Time to Implement: 10 days
Change Management: Low
Requires: Oracle General Ledger
Assumptions: Single daily inbound data feed; Client contracts for daily feed with OANDA; SmartDog drives all project coordination with OANDA; Excludes propagation of imported rates to multiple rate types (i.e. includes only the population of daily rates, not avg. or period ending); DBA work excluded.
- Perpetual right to use all programs provided.
- Daily load validation report
- Installation in a DEV/TEST environment (PROD available on request).
- Functional system test scripts.
- 1 year of “direct access” functional and technical support (7am to 7pm cst).