SAN FRANCISCO--(BUSINESS WIRE)--OANDA announced today that its widely-sourced, world-class global currency rates data will now be available directly via NetSuite, the industry’s largest cloud-based provider of integrated ERP and related business management technologies.
Users of NetSuite’s platform can now install the OANDA bundle through SuiteApp.com and use it in conjunction with the OANDA REST API key, which is available with subscription or 30 day free trial. Inputting the API key into the OANDA bundle will get users up and running immediately with access to OANDA’s trusted and accurate foreign exchange rates data.
Foreign exchange is not always top-of-mind for many businesses, until something unfortunate happens. In this climate of increasing global economic volatility, automating exchange rates data management is a critical improvement that can help companies monitor their FX exposure and protect their bottom line.
Until now, NetSuite customers had needed to access OANDA rates manually via OANDA’s website. The new arrangement will allow users to retrieve rate information directly from the NetSuite platform, giving them a more integrated and seamless way to access the accurate and reliable exchange rates data.
“Our aim is to provide the NetSuite community, which includes international companies of all types and sizes, with universal, streamlined access to the highest quality FX information,” said Natasha Lala, Managing Director of OANDA Solutions for Business.
“The deeper collaboration underscores our commitment to enabling IT, finance and product professionals to automate their rates and have confidence in their numbers.”
OANDA is a BFN-approved provider (Built for NetSuite), a program that provides SDN partners with principles and guidelines for developing SuiteApps in accordance with industry and NetSuite design best practices. For NetSuite customers this translates into increased confidence in the quality and security of our application, which was designed and developed uniquely for the NetSuite platform with the end-user in mind.
With over 20 years of experience in Foreign Exchange (FX), OANDA is today a global leader in the currency market and the world’s trusted source of FX rates. The Solutions for Business group provides corporations with a broad range of FX products, from currency rates to global settlements and payments. The OANDA Rates ™ offering wraps high frequency trading technology into an easily integrated API that plugs seamlessly into every major ERP and corporate finance system, allowing companies to automate FX data delivery. Audit firms and thousands of companies globally trust OANDA rates for accuracy, reliability and ease of integration. On the payments side, OANDA Global FX Settlement Solutions provides access to one of the most comprehensive platforms with execution, settlement and payments in over 140 countries.
Today, approximately 24,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of enterprise-class cloud financials/ERP suites for divisions of large enterprises and mid-sized organizations seeking to upgrade their antiquated client/server ERP systems. NetSuite continues its success in delivering the best cloud ERP/financials suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud is accelerating.