Do you need live exchange rate calculations?
Are you wasting time manually calculating exchange rates by transaction by currency? The process of keeping up with daily exchange rates is a manual and time-consuming endeavor. But, it doesn’t have to be. RKL eSolutions has developed a Web Services Connector that interfaces Sage X3 with XE Currency to automate the import of currency exchange spot rates.
XE is the world’s trusted currency authority. XE tracks live exchange rates around the world.
How does XE connect to Sage?
The RKL eSolutions provides an interface to XE by utilizing the XE Web API. This is done through a .net application that retrieves the currency rates from the previous day for all currencies that are recognized in Sage X3.
Since X3 has a large list of currencies defined, our integrator includes a field at the currency level to flag currency codes to be retrieved from XE.com. This reduces the amount of currency data that is pulled back from XE.com, and only stores the conversion rates for those currencies that are used in X3. The interface will only retrieve currency rates for those currency codes flagged with “Yes” in “Get Conversion Rate”.
The currency rates are stored in X3 for each date the rates are imported. Since the import can be done daily, weekly, monthly, or on demand, the number of dates stored varies. The rates can be viewed within X3 by date and currency, as shown below.
Why do you need the XE Connector?
Importing currency details from XE eliminates the cumbersome and redundant data entry of your accounting team. Exchange rates can be imported nightly, weekly or monthly.
Still Not convinced?
Download product spec sheet to learn more about integration highlights and mobile functionality. Contact us for a free demonstration.
Got Questions Or Want to See a Demo?
Contact Us using the button below. One of our consultants will follow to answer your questions or schedule a personal demo of the XE Currency Connector for Sage.