Finance and Compliance AutomationPurpose
1.2. Reduce manual calculation errors, streamline finance workflows, and ensure compliance with multi-currency legal obligations.
1.3. Automate integrations between banks, ERP, CRM, and accounting systems for dynamic rate fetching and audit-logged conversion tracking.
1.4. Automating exchange rate updates, payment reconciliation, reporting, and audit proofing for cross-border logistics supply chain transactions.
Trigger Conditions
2.2. Incoming or outgoing cross-currency payment detected in ERP or bank feed.
2.3. Scheduled daily/real-time trigger for rate updates from currency exchange APIs.
2.4. Regulatory reporting interval reached for currency conversion logs.
Platform Variants
• Feature/Setting: Automate ‘Multi-currency’ with live FX rates, using the Xero Accounting API to create/update invoices.
3.2. QuickBooks Online
• Feature/Setting: Automates ‘Currency Exchange Rate updater’, configure QuickBooks API for invoice processing and payment records.
3.3. Microsoft Dynamics 365 Finance
• Feature/Setting: Automatable ‘Currency conversion’ module, configure Dynamics F&O API with recurring FX updates.
3.4. SAP S/4HANA
• Feature/Setting: Automates currency conversion via the SAP Currency Conversion API, automator for journal entry updates.
3.5. Oracle NetSuite
• Feature/Setting: Automates primary ‘Exchange Rate Import’ with REST API; automate vendor/customer transaction posting.
3.6. FreshBooks
• Feature/Setting: Automates multi-currency invoices via FreshBooks API, currency parameter auto-fill.
3.7. Zoho Books
• Feature/Setting: Automates recurring FX updates using Zoho Books API ‘UpdateExchangeRate’ endpoint.
3.8. OANDA
• Feature/Setting: Automate OANDA Exchange Rates API calls for real-time and historical rates.
3.9. Open Exchange Rates
• Feature/Setting: Automates Open Exchange Rates API polling and result push into finance software.
3.10. CurrencyLayer
• Feature/Setting: Automated currency rates API endpoint, trigger on new financial document creation.
3.11. Wise (formerly TransferWise)
• Feature/Setting: Automate cross-border payment initiation and reconciliation via Wise API.
3.12. PayPal
• Feature/Setting: Automatable ‘Currency Conversion’ through PayPal Invoicing or Payments REST API.
3.13. Stripe
• Feature/Setting: Automates cross-currency payouts with Stripe API transfer endpoints.
3.14. Plaid
• Feature/Setting: Automate bank feed fetching, extract multi-currency transactions using the Plaid Transactions API.
3.15. Brex
• Feature/Setting: Automates automated multi-currency statement sync via Brex API.
3.16. TransferMate
• Feature/Setting: Automate payment and FX reconciliation via TransferMate API endpoints.
3.17. Revolut Business
• Feature/Setting: Automate account funding and settlement with Revolut Open Banking API.
3.18. HSBCnet
• Feature/Setting: Automatable bank-to-bank FX rate fetch and payment automation through HSBCnet API.
3.19. XE.com API
• Feature/Setting: Automate scheduled/triggered fetch of forex rates and push to ERP/accounting system.
3.20. SAP Concur
• Feature/Setting: Automates travel and expense currency conversion via Concur Expense API.
3.21. Google Sheets
• Feature/Setting: Automate rate pulls and field calculation via Google Finance function in Sheets API.
3.22. Salesforce
• Feature/Setting: Automates Opportunity or Invoice multi-currency using Salesforce Currency Management API.
Benefits
4.2. Automates currency conversion for bulk invoices, saving finance teams operational time.
4.3. Automatedly reconciles multiple-currency payments on wholesale pallet transactions.
4.4. Automate accuracy in cross-border margins, reporting, and stakeholder communication.
4.5. Automates regulatory reporting and cross-currency supplier/buyer management.
4.6. Automation minimizes human error and maximizes cost control for international logistics.
4.7. Automating rate fetching means real-time pricing, reducing FX risk.
4.8. Automate approvals in finance workflows for conversions above defined thresholds.
4.9. Automation enables scalable growth as international pallet supplier operations expand.