Thomson Reuters and SAP partner to cut cross-border transaction costs on SAP’s cloud platform
Thomson Reuters announced the expansion of its strategic partnership with SAP to simplify converting cross-border transaction prices into a single currency, no matter where or when the transaction happens. The new SAP Cloud Platform-based solution, called SAP Market Rates Management, offers out-of-the-box connectivity to comprehensive pricing and reference data from the Thomson Reuters Financial and Risk business and is available to SAP customers worldwide.
The partnership makes it easier for chief financial officers, treasurers and corporate finance teams to access pricing and reference data to more accurately calculate foreign exchange transactions. SAP Market Rates Management integrates foreign exchange and money market data from Thomson Reuters for more accurate pricing of any global transaction across the SAP Cloud Platform.
“This is a great example of the power of partnerships to make life easier for businesses, by integrating our trusted data into SAP’s cloud-based software services,” said Stuart Martin, Thomson Reuters’ managing director of Risk Information and Learning Services. “At the press of a button, any of SAP’s global customers can now achieve straight-through processing of foreign exchange calculations, simplifying their operations and assisting in reducing risk through a single source Click here to read entire article
Source:: IT News Africa