BANDAI NAMCO Games America Inc uses FXLoader for Oracle E-Business Suite to automate access to latest currency exchange rates.

BANDAI NAMCO Games America Inc’s mission is to inspire people around the world and help them enjoy their time to the fullest. BANDAI NAMCO Games America Inc will unrelentingly seek out and take on new challenges as it aims to become the world’s most admired video game maker.

Business Challenge

The addition of their Brazilian subsidiary into Oracle prompted BANDAI NAMCO to search for an automated solution for currency exchange rates–both daily and period average rates.

The accounting requirements were fairly typical:

• Conversion of foreign currency transactions to Ledger currency (USD and BRL).
• Translation of the Brazilian ledger at month end, to USD using Period End and Period Average rates, to enable consolidated reporting.

The exchange rates needed to have high credibility, from a reputable source. They needed to be available every morning without any user intervention, with extremely high reliability.

Why FXLoader?

Rates Source
FXLoader partner with a range of rates providers offering authentic rates and high availability access.

BANDAI NAMCO chose OANDA as one of the most well-known, which smoothed the acceptance of rates at a corporate level.

Automation
100% automation is provided. FXLoader populates rates between all enabled currencies overnight, so all rates are available whenever they are needed. The average calculation is run at month-end to facilitate translation of the BRL ledger

Simplicity
The process is simple and robust, tightly integrated into E-Business Suite using Oracle-supported APIs. Installation is quick, easy, and automated.

Challenge

Use market currency rates for transactions and translations. Have rates reliably available every day from a trusted source.

Solution

Implement FXLoader Daily Rates Load and Period Average Load onto Oracle E-Business Suite.

Results

• 100% automated availability of the latest exchange rates
• Trusted, authentic source of market FX rates
• Tight, standards-based Oracle integration
• Quick and simple installation and testing