Integration with JD Edwards
FXLoader Cloud Service fully automates the load of FX rates into your JDE E1 application, for converting foreign currency transactions.
FXLoader Cloud Service is a back end application running on Oracle’s Platform as a Service (PaaS). A web service is invoked to pull the latest rates from the chosen source, process cross rates. A scheduled job on the JD Edwards side then pulls the resultant rates into the application, using the supported interface.
To sign up to the service, please contact us via the form below.
Choose from some of the most trusted sources of exchange rates; OANDA, Xignite, Reuters, the European Central Bank and UK HMRC. The subscription to these services is included in your annual FXLoader Cloud Service subscription.
Currency Rates in JD Edwards
JD Edwards provides extensive multi-currency functionality. It converts all transactions in foreign currency to your functional currency using a defined exchange rate – supplier and customer invoices and payments, GL journals, purchase orders, sales orders, etc.
The application provides a screen to manually enter daily rates, but using this can be time consuming and prone to error as with any manual process. The impact on the business can be significant:
- If rates are not entered, foreign currency transactions cannot be processed for that date
- If rates are entered incorrectly, your account balances will be wrong but the problem may not become evident until weeks or months later.
The FXLoader Solution
FXLoader provides a fully automated interface to load rates from leading sources, directly into JD Edwards E1. Set it up to run on a schedule you choose and it will load rates in the background – no user action or checking is required.
FXLoader Cloud Service is a separate cloud application, built on Oracle’s Platform as a Service (PaaS). Configuration is set up in this application; a scheduled process then gets rates from your chosen source(s) and loads them into your Oracle Cloud Application.
Rates are loaded as the final step, using a web service in the JDE application (provided by FXLoader).