From now on, chief financial officers, treasurers, and corporate finance teams will enjoy easier access to pricing and reference data and will be able to calculate foreign exchange transactions more accurately. The new solution may lower onboarding costs by reducing the need to integrate multiple solutions and minimize operational risks.
Arif Esa, SAP director of Treasury Management, commented: “Globalization and digital transformation are inextricably tied. As businesses become more agile in the cloud, their work can scale and transcend across borders, increasing the need to accurately price foreign exchange transactions. SAP Market Rates Management helps facilitate these transactions seamlessly. Our partnership with Thomson Reuters enables SAP customers to tap into a trusted source of market data with ease and confidence.”