Exchange Rate Integration

Automate exchange rate
updates in Infor M3

Why this product?

The Exchange Rate integration is built to retrieve and update exchange rates from the following banks: The European Central Bank, National Bank of Poland and the National Bank of Romania. Based on the your region of operation, other banks can be added to the integration.

Our features

Import daily exchange rates

ION API is scheduled to run every day, which will fetch the daily exchange rate from Bank API.

Infor M3 processing

In MeC a logic is implemented to check the division default currency and calculate the exchange rate. Exchange rates are updated using CRS055MI

Import daily exchange rates

ION API is scheduled to run every day, which will fetch the daily exchange rate from Bank API.

Infor M3 processing

In MeC a logic is implemented to check the division default currency and calculate the exchange rate. Exchange rates are updated using CRS055MI

Insights

Frequently asked questions

What is Exchange Rate Integration?

Exchange Rate Integration automatically retrieves and updates currency exchange rates in Infor M3 using trusted global banking data sources.

Why is automating exchange rate updates important?

Automation ensures exchange rates are always accurate and up to date, reducing manual work and preventing financial reporting errors.

Which banks are supported by the integration?

The integration currently supports the European Central Bank, National Bank of Poland, and National Bank of Romania, with additional banks available if required.

How often are exchange rates updated?

Exchange rates are typically updated daily through scheduled API integrations that retrieve the latest rates from bank systems.

Can this solution support global operations?

Yes. The integration is designed for organizations operating across multiple currencies and regions.

Does the solution integrate directly with Infor M3?

Yes. Exchange rates are automatically processed and updated directly in Infor M3 to support accurate financial transactions.

Can Fortude help with scaling automation across multiple departments?

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Automate exchange rate
updates in Infor M3