Oanda and Business ByDesign Exchange Rates Integration

Introduction

ERP Logic’s  Integration  Adapter  is  a  one-stop  solution  that  expedites  integration  of  Exchange  Rates from  Oanda  with Business  ByDesign.  Oanda provides  services  which  are  integrated  with  Business ByDesign  for  managing  and  updating  the  exchange  rates  which  helps  your  business  save  time  and gain control.

Requirement

Customer needs to Sync the Daily Exchange rate between several Currencies and their country currency in SAP Business ByDesign from the Exchange Rate Provider OANDA which needs lot of manual interventions, effort, and Time.

Solution

To overcome this ERP Logic has developed a solution that expedites integration of Exchange Rates with Business ByDesign for managing and updating the exchange rates  which  helps  Customer’s  business  to save  time  and gain control.

Design / Process Flow

Oanda Integration

Key Features

• Customized Interface that facilitates key users to maintain the currency pairs and schedule the jobs to extract and upload exchange rates from Oanda to Business ByDesign.
• Time independent, configurable data transfer mechanism.
• Schedulers that extract the exchanges rates for the currency pairs maintained and upload them back to Business ByDesign.
• Business ByDesign-master transaction system to make payments, purchases etc.,
• Error handling and Custom reports to review uploaded exchange rates and integration results.
• Elimination of errors and inefficiencies associated with manual data entry.

Business Benefits

• Cloud Solutions – Oanda provides updated exchange rates daily. On integration with Business ByDesign, a seamless all-inclusive enterprise management solution is available.
• Automated integration of data from Oanda to Business ByDesign Business ByDesign is up to date with exchange rates and from Oanda. This facilitates management of payables, receivables, and other processes in the Business ByDesign system.
• Secure – Data transmission Integration relies on secure handling of data between systems.
• Analytics -Custom reports to track every step of integration.

Conclusion

The Solution which automates the integration of Fresh-desk software and SAP Business ByDesign in real time.

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