Automated alternative for SAP ByD Exchange Rates Table

    Posted by Neteris on 16 noviembre 2021
    Find me on:
    Add to Flipboard Magazine.

    AdobeStock_314174663-1-2

    In SAP Business ByDesign the exchange rates are manually updated in a central table common to all business processes. To obtain reliable reports, it is of vital importance to maintain this table on a daily basis.

    Logo SAP Gold Partner

    Following with our Development Roadmap for SAP BYD, (2 Add-On Solutions per quarter), we have already released the Exchange Rates for SAP Business ByDesign, an automated aternative SAP exchange rates table.

    This is, if you work with multiple accounting systems or your company has a large volume of transactions in foreign currency, we help you gain efficiency with our Add-On solution which automatically synchronizes exchange rates with the European Central Bank.

    Our solution grants:

    • Precise conversion rates.
    • Elimination of errors.
    • Time saving.

    Benefits of Add-On Exchange Rates

    1. Automate Exchange Rate Table Maintenance

    Automatically synchronize the Exchange Rates with the European Central Bank, granting precise conversion rates, elimination of errors and saving of time.

    Exchange Rates bank-2

     

    2. Improve Processes affected by Foreign Currency

    Gain efficiency and accuracy when posting journal entries in group currency, calculating realized Exchange Rate differences and valuating assets and liabilities in foreign currency.

    Exchange Rates bank-2

     

    3. Focus on your Business

    Release resources to focus on your core business processes, analize information and add value to your enterprise.

    Exchange Rates bank-3

     

    Features of Add-On Exchange Rates

    Neteris - ByD Exchange Rates
    • Imports all currency pairs published by the ECB.

    Our Add-On solution imports all currency pairs published by the European Central Bank web service.

    The end user may select which currency pairs to be imported.

     

    • Calculates reverse rates between currencies other than euro.

    The triangulation plan includes logic to calculate conversion rates between currencies other than Euro. For example, when you need to obtain the rate between US Dollars (USD) and British Pounds (GBP).

     

    • Allows scheduling the frequency of synchronization.

    Recurrent jobs can be scheduled to synchronize currency pairs. For example, on a daily basis at 4:30 PM, right after the European Central Bank publishes the Exchange Rates.

     

    Do you want to know Plans & Prices?

    Download the factsheet here and contact us

    exchange rates sap

    Exchange Rates for SAP Business ByDesign and much more*, are available on SAP Store

    Avalible on SAP Store

     

    *Visit other AddOns

    Neteris - ByD Cash Flow

     

    Topics: SAP Business ByDesign

      Suscríbete a nuestro Blog

      Artículos más populares

      Visita nuestra web

      En neteris.com encontrarás contenido de actualidad relacionado con el mundo IT, así como los servicios y soluciones tecnológicas que ofrecemos, adaptadas siempre a las necesidades de cada cliente. Para entenderla mejor podrás navegar desde: