Oracle Enterprise Resource Planning Cloud Users Can Use Xignite FX Data to Adjust for Currency Differences at a Local Level
Xignite, a leading provider of market data cloud solutions and Gold level member of Oracle PartnerNetwork (OPN), today announced that its XigniteGlobalCurrencies API is now available in the Oracle Cloud Marketplace, offering added value to Oracle Enterprise Resource Planning (ERP) Cloud customers. The XigniteGlobalCurrencies API provides real-time and historical foreign exchange quotes for more than 170 countries and over 29,000 currency pairs. The API can be easily used with Oracle ERP Cloud to automatically update forex rates to allow global financial reporting that accurately reflects exchange rates.
Constantly adjusting for regional currency rates to manage accounting, inventory and procurement operations is a challenge for many multi-national companies. By connecting the XigniteGlobalCurrencies API, which automatically updates currency rates, Oracle ERP Cloud users can enable accurate global financial reporting by adjusting for currency differences at a local level. Previously users might have spent hours manually calculating daily exchange rates and creating Excel formulas. Xignite’s forex data APIs are hosted in the cloud and can be accessed with just a few lines of code and easily integrated into web, mobile or corporate apps via customized XML, JSON or CSV formats. For more information download Manage the Complexities of Multicurrency Transactions.
The Oracle Cloud Marketplace is a one-stop shop for Oracle customers seeking trusted business applications and service providers offering unique business solutions, including ones that extend Oracle Cloud Applications. Oracle Cloud is the industry’s broadest and most complete public cloud, delivering enterprise-grade services at every level of the cloud technology stack including software as a service (SaaS), platform as a service (PaaS), infrastructure as a service (IaaS), and data as a service (DaaS).
“Xignite currency data is trusted day in and day out by leading companies to power currency converters, mobile apps and enterprise systems,” said Stephane Dubois, Xignite CEO and Founder. “Xignite’s participation in the Oracle Cloud Marketplace further extends our commitment to the Oracle community and enables customers to easily load foreign exchange data into their accounting solutions. We look forward to leveraging the power of the Oracle Cloud to help us achieve our business goals.”
The Oracle Cloud Marketplace offers an intuitive user interface to browse and search for available applications and services, as well as user ratings and reviews to help customers determine the best business solutions for their organization. With its new automated application installation features, customers can easily deploy provider business applications from a centralized cloud interface.