Integration with Oracle Cloud Applications
Oracle Cloud Applications are SaaS applications built on Oracle Fusion and include Oracle Sales Cloud and Oracle Financials Cloud (part of Oracle ERP Cloud).
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 and load them via another web service into your Oracle Cloud Applications.
FXLoader is the first application, globally, to integrate with Oracle Financials Cloud on the Oracle Cloud Marketplace.
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.
FXLoader can load currency exchange rates into:
- Oracle ERP Cloud – Release 8 onwards
- Oracle Sales Cloud – Release 8 onwards
FXLoader for Oracle Fusion Cloud Apps demo
Currency Rates in Oracle Cloud Applications
Oracle Cloud Applications (Oracle ERP Cloud and Oracle Sales Cloud) provide extensive multi-currency functionality. Oracle 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.
These exchange rates are known as daily rates in Oracle and are shared across all applications.
Oracle provides a screen to manually enter daily rates and a spreadsheet loader, but both 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.
In addition, with the Oracle Cloud Applications, you don’t get access to the back-end of the application or database in order to build an interface.
The FXLoader Solution
FXLoader provides a fully automated interface to load rates from leading sources, directly into Oracle ERP Cloud and Oracle Sales Cloud. 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 the Oracle-supported web service.
Oracle Fusion Applications – on Premise or Private Cloud
If you are running Oracle Fusion Applications on premise, or in a private cloud environment, FXLoader Cloud Service can still load currency rates.
The web service used to populate the rates is available from Fusion Release 8 onwards, so as long as you are up to this release you can use FXLoader in the same way as those running Oracle’s cloud offerings.