FX Business Pack
Automatically upload exchange rates into your Adaptive Insights solution each month

The Formulate FX Business Pack

Automatically upload exchange rates into your Adaptive Insights solution.

FX Pack

Many Adaptive customers hold several exchange rates in their solution.

These need to be entered in currency pairs, in both directions, for every currency combination. Frequently this will include both End of Month (EOM) and Average (Av) rates. This becomes quite a volume of data to input, easily reaching a hundred lines or more.

Obtaining these rates, collating them and entering them into the system is a me-consuming task. Someone will go to a website, identify the relevant rates, download or copy them and enter them in Excel. These must them be manipulated to calculate Average rates and format them. They are then manually loaded into Adaptive. Typically, this occurs at month end, when time is at a premium. It’s not automated, so there is also a significant risk of error.

The Formulate FX Business Pack will automate this process. It will automatically upload both EOM and Av rates at month end. This can be run on a scheduled task, or triggered manually. No input is required from users, the rates will simply be entered in your currency tables automatically at month end.

The FX Business Pack can be installed in just a few hours, with no disruption to your existing system. The configuration is entirely stand-alone, so there is no risk to your current solution.

The FX Busines Pack will normally update your Actuals version, but can also be configured to update other Plan versions to enabled constant currency reporting on request.