OANDA’s Solutions for Business, a corporate-focused subsidiary of foreign exchange (FX) brokerage OANDA Corporation, has unveiled a new collaboration with FX integration software provider, FXLoader, helping deliver automated exchange rates data to Oracle ERP customers, according to an OANDA statement.
The partnership will aim to circumvent the need to rely on third party systems helping undercut the need for dedicated internal resources. As such, the partnership between OANDA and FXLoader will aim to facilitate users of Oracle JDEdwards, Oracle E-Business Suite, Oracle Cloud, and Peoplesoft, to directly retrieve automated exchange rates via OANDA’s API directly within the Oracle ecosystem.
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The initiative is the latest development at OANDA, which follows on the heels of a number of integrations that the group has since offered to customers in recent months, which has emphasized out-of-the-box solutions to help transmute exchange rates data into their respective business and IT processes.
Presently, FXLoader operates as an Oracle Gold Partner and a supporter of the Oracle user groups OAUG and UKOUG – the partnership is important for individuals looking to gain access to large swaths of datasets and information.
According to Mateo Graziosi, Head of Business Development and Partnership, OANDA, in a recent statement on the partnership: “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.”
“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,” explained Peter Care, President and CEO of FXLoader, in an accompanying statement.