Case Study: GroundTruth achieves fully automated currency rate loading with insightsoftware FXLoader

GroundTruth provides real-time, location-based marketing, without the guesswork

GroundTruth, a global location-based marketing company, needed a better way to manage daily currency rates in Oracle Financials Cloud across 23 currencies. As the business grew across three continents, Tina Chen and the operations team faced the challenge of retrieving and uploading 276 rates every day, plus monthly average rates for YTD, QTD, and PTD reporting. GroundTruth turned to insightsoftware’s FXLoader to help meet these requirements.

Using insightsoftware’s FXLoader Cloud Service with OANDA as the rates source, GroundTruth automated the full currency rate process, including triangulation for cross rates and scheduling rates to load two days ahead of time. The result was 100% automated availability of the latest exchange rates by the start of the working day in China, with trusted market and official FX rates, exception-based progress reporting, and quick, simple configuration.

GroundTruth

Tina Chen

ERP Program Manager