AccTech Exchange Rate Importer
Driving the global expansion of your business inevitably leads to some unique accounting challenges brought on by transacting in a multi-currency environment. Organisations need to easily maintain international currency standards in order to eliminate the complexities arising from ever fluctuating exchange rates.
Most companies rely on an ERP user to manually input the daily Spot Rate from their online source of choice. The challenges that companies face that are crippling the business are:
• manual input errors
• incorrect time-of-day input
• incorrect rate source
• and too many currencies.
AccTech Systems has automated this tedious and often erroneous task with a brand new solution. With the Exchange Rate Importer from AccTech Systems, you can instantly import exchange rates straight to your Sage 300cloud ERP or Sage ERP X3 currency tables.
With many importing options available, simply check the currency rates to be imported.
Unlimited Rates can be selected across an unlimited number of configured ERP Companies!
Extracting accurate rates has never been this easy.
By sourcing your rates from the popular subscription service OANDA.com, XE.com or the freely available website of South African commercial bank (FNB), extracting accurate rates has never been this easy.
Import options allow you the choice of the
• daily spot rate
• monthly average rate
• financial translation average
• or current rate.
Then simply select whether the conversion has to be multiplied or divided, determine the spread, and let AccTech Exchange Rate Importer manage the rest.
The processing interval functionality even lets you determine how often the rates need to be refreshed: daily at a set time, or within 1 hour from new rates becoming available. The Windows Scheduler service configuration will ensure execution and event logging of the process.
Rates are correctly imported from your online exchange rate source.