Article and photo by Damian Chmiel
Oracle ERP Cloud users may now use the XigniteGlobalCurrencies application programming interface in order to adapt for currency differences
According to a press release published by Xignite, a provider of market data cloud solutions, XigniteGlobalCurrencies API is now available in the Oracle Cloud Marketplace, and can be used by Oracle Enterprise Resource Planning (ERP) Cloud customers.
The API gives access to historical and real market quotes for more than 29,000 currency pairs from over 170 countries. The software can be used with Oracle ERP Cloud to automatically update currency markets’ exchange rates, giving broad access to global financial solutions.
Using XigniteGlobalCurrencies API in conjunction with the automatic exchange rates update provides ERP Cloud users admission to accurate financial reporting by adjusting foreign exchange differences at the local level. Being located in the cloud grants a direct connection from any device and facilitates the manual conversion of rates’ daily changes.
As reported by Stephane Dubois, CEO and founder of Xignite, in a recent official statement on the update: “Xignite currency data is trusted day in and day out by leading companies to power currency converters, mobile apps and enterprise systems”. Mr. Dubois added: “Xignite’s participation in the Oracle Cloud Marketplace further extends our commitment to the community and Oracle enables customers to easily load data into foreign exchange. We look forward to leveraging the power of the Oracle Cloud to help us achieve our business goals.”
Oracle Cloud Marketplace is a solution whereby Oracle customers can find trusted business applications and service providers offering extensions to Oracle Cloud Applications – as in the case of XigniteGlobalCurrencies.
In February, Finance Magnates reported that Xiginite closed $20.5 million series C funding in a deal led by QUICK Corporation, a Japanese financial information provider. The funds will be used to expand sales and marketing activities in the Asian market.
Source: Finance Magnates