Blog updated on 21st May 2024 by Agata Lech
Did you know you can automate updates of the currency exchange rates within SunSystems? If you have previously done this manually, you will recognise that the process is time consuming and prone to errors. Even if you have an upload facility, manually downloading, populating, and uploading exchange rate data, involves a risk of error and creates a cumbersome process involving multiple steps.
Our new API integration for Infor SunSystems addresses these challenges by fully automating the update of daily exchange rates.
SunSystems automatically connects to an online exchange rate provider and downloads rates with zero manual intervention. Automation ensures accuracy and timeliness in financial data, crucial for businesses dealing with multiple currencies across different territories and markets.
The integration is designed to wake up at a specified time each day to retrieve the new rates which are published at midnight by the online provider. The system identifies the base currency for each business unit, automatically updates corresponding rates, and can also handle reverse conversions. The flexibility to adapt to multiple currencies and business units without manual input creates a substantial advantage, ensuring accuracy and enhancing efficiency.
By implementing this automated synchronisation of exchange rates in Infor SunSystems you are supporting your financial operations through enhanced accuracy and efficiency, which are crucial for businesses operating in today’s dynamic global marketplace.
You are also digitising what were previously manual processes to maximise reliability, allowing your team to focus more on growth and less on administrative burdens.
To find out more, please download one of our guides to SunSystems Cloud or contact your Customer Success Manager who will be delighted to help.
by Agata Lech
Blog contributor