Organizations need accurate and reliable exchange rate conversions to occur in real-time. Prior to the introduction of OANDA, Costpoint relied upon an interface that manually updated the exchange rates. This process was unreliable, time consuming and could cause a significant negative impact on the business. The OANDA-Costpoint Integration suite integrates the currency exchange rate data sourced from OANDA with the Costpoint application.
HOW IT WORKS
The OANDA-Costpoint suite is a proven solution for exchange rate needs of general ledger and expense management, providing multiple benefits that include:
- Provisioning of automated exchange rates
- Intuitive interface and ease of configuration
- Minimal user intervention required
- Realtime, accurate and guaranteed rates
- Reliable and resilient solution with fault tolerant model