Alton, Hampshire, U.K. (PRWEB) August 11, 2015
FXLoader, a leading provider of FX rate integration software and Gold-level member of Oracle PartnerNetwork (OPN), today announced that its FXLoader Cloud Service is available in the Oracle Cloud Marketplace (https://cloud.oracle.com/marketplace/listing/2274101/Care-I.T.-Services/FXLoader), offering added value to Oracle Cloud Applications customers. The FXLoader Cloud Service can help ensure customers always have the latest, accurate currency rates in their Oracle Enterprise Resource Planning (ERP) Cloud and Oracle Sales Cloud applications.
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 (http://www.oracle.com/cloud) delivers the industry’s broadest suite of enterprise-grade public cloud services, including, software as a service (SaaS), platform as a service (PaaS), infrastructure as a service (IaaS), and data as a service (DaaS).
Oracle ERP Cloud customers can choose to source rates from FXLoader’s partner providers - OANDA, Xignite, Reuters and the European Central Bank. They configure options for flexible scheduling, combinations of market and central bank rates and triangulation to create cross-rates, then rates are loaded in the background via web services. Users of all modules of Oracle ERP Cloud can then enter foreign currency transactions, including purchase orders, invoices and journals, knowing they will automatically be converted using the latest rates. Financial controllers can perform period end revaluations and translations using accurate rates from sources their auditors are already comfortable with. Local statutory requirements to use specific central bank rates are covered by rates from Xignite, which provides many of those sources within their service.
Oracle Sales Cloud customers can use the same service to keep rates up to date, so that opportunities entered in a foreign currency, for example, are converted to their functional currency.
FXLoader Cloud Service runs on the Oracle Cloud Platform, specifically the Oracle Database Cloud Service. This platform gives FXLoader’s customers the same level of reliability and security as the Oracle SaaS applications they are using. The ease of using https web services on this platform aids the on-boarding of additional rates providers and communication with the Oracle Cloud applications themselves. Oracle runs the database entirely, allowing FXLoader to focus on the integration functionality.
“Integration is a key concern for users of pure cloud applications. Customers are looking for solutions to enable the automated data integrations they need to run their businesses. For companies running Oracle ERP Cloud in a multi-currency environment, accurate exchange rates are vital. FXLoader provides this full automation and, as it runs on Oracle Cloud Platform, gives customers the same trusted platform that their Oracle Cloud Applications run on,” said Peter Care, Founder, FXLoader. “The Oracle Cloud Marketplace provides a powerful tool for users to find valuable extensions for their Oracle Cloud Applications and enables customers to easily reap the benefits of FXLoader. We look forward to leveraging the power of the Oracle Cloud to help us achieve our business goals.”
The Oracle Cloud Marketplace not only offers an intuitive user interface to browse and search for available applications and services, but it also provides 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.
FXLoader was created to provide Oracle E-Business Suite users with a simple, reliable, 100% automated extension to load currency exchanges rates. This solution has been trusted by major international organizations for over 10 years, using the most reliable and authentic sources of rates data. The FXLoader Cloud Service was created in 2014 to meet the same need for users running Oracle Cloud applications.
About Oracle PartnerNetwork
Oracle PartnerNetwork (OPN) Specialized is the latest version of Oracle's partner program that provides partners with tools to better develop, sell and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle products and solutions and has evolved to recognize Oracle’s growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to differentiate through Specializations. Specializations are achieved through competency development, business results, expertise and proven success. To find out more, visit http://www.oracle.com/partners.
Oracle and Java are registered trademarks of Oracle and/or its affiliates.