Oanda | Solutions for Business, the corporate-focused business unit of Oanda Corporation, a world’s leading Foreign Exchange (FX) services provider, announced today that it has partnered with FX integration software provider FXLoader, to deliver automated exchange rates data to Oracle ERP customers.
The partnership will enable users of Oracle JDEdwards, Oracle E-Business Suite, Oracle Cloud, and Peoplesoft to retrieve automated exchange rates by connecting OANDA’s API directly with the Oracle ecosystem - removing the need for third party systems or dedicated internal resources.
Mateo Graziosi, Head of Business Development and Partnership, OANDA, commented: “In today’s volatile currency markets, FX is no longer just a footnote on the balance sheet. Our partnership with FXLoader provides the Oracle community with an answer to the increasingly prevalent issue of FX. In an industry fraught with resource intensive solutions, this partnership will provide Oracle users with a lightweight and affordable product that can be implemented almost immediately.”
Peter Care, President and CEO, FXLoader, added: “Updating an ERP system is traditionally a complex and time-consuming process but our tie-up with OANDA provides a simple and cost-effective alternative. Users of these Oracle ERP systems will now have automatic access to the world's largest dataset of currency data, with no disruption or development work.”
The partnership follows a number of integrations that OANDA offers to customers who want to benefit from out-of-the-box solutions to integrate exchange rates data into their business and IT processes.
FXLoader is an Oracle Gold Partner and a supporter of the Oracle user groups OAUG and UKOUG.