In today's dynamic business landscape, the importance of automating exchange rates and interest rate updates within your SAP (or ERP) system cannot be overstated. Regrettably, this crucial task often remains underappreciated within many organizations. Delving deeper into the consequences of inaccurately inputting exchange rates in SAP's standard transaction, the ramifications are substantial. Such errors necessitate the painstaking task of cancelling transactional data associated with the erroneous rates, which can also trigger the cancellation of related documents such as compensations and payment cancellations.
This predicament isn't exclusive to exchange rates alone but extends to interest rate updates as well, encompassing rates like Euribor, Libor, Central Bank Interest Rates, and Inflation Indices, among others. Consequently, at CUVIV, we have embarked on a mission to automate these processes, guided by a set of pivotal objectives:
As a testament to these objectives, CUVIV has developed a cutting-edge product. Our solution automatically connects to more than 80 international official sources of exchange rate information, securely downloads this data to an AWS database, and seamlessly updates your SAP system (transaction OB08) with the latest rates.
Furthermore, as part of our commitment to transparency and client satisfaction, we provide clients with a detailed log of modifications at the conclusion of the automation process. Additionally, we offer a 30-day trial period with no obligation, allowing you to experience the benefits of our solution firsthand.
In addition to our exchange rate automation solution showcased in the video, we are thrilled to introduce a new feature. This feature enables the effortless retrieval and automation of key interest rates and indices within your SAP system, further enhancing your financial management capabilities.
For more information or to request a personalized demo of our product, please do not hesitate to reach out to us at [email protected]. At CUVIV, we are dedicated to simplifying and enhancing your currency and interest rate management processes, empowering your organization to thrive in an ever-evolving financial landscape.< Back to all Partner news
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