Foreign exchange (FX) services provider OANDA Corporation is partnering via its OANDA Solutions for Business corporate-focused business unit with FX integration software company FXLoader, to deliver automated exchange rates data to Oracle enterprise resource planning (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 application programming interface (API) directly with the Oracle ecosystem – removing the need for third party systems or dedicated internal resources.
“In today’s volatile currency markets, FX is no longer just a footnote on the balance sheet,” said Mateo Graziosi, head of business development and partnership, OANDA. “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.”