Problems
- Timely updating foreign exchange rates done manually consumes a lot of time and effort, but errors are easy to occur.
- Especially for businesses that have to regularly perform multi-currency transactions, failing to accurately update exchange rates can cause serious losses.
Solution
This module helps Businesses quickly update the exchange rate of the active currencies against the main currency. This rate is the exchange rate at BIDV (Joint Stock Commercial Bank for Investment and Development of Vietnam).
Key Features
- Automatic updating of foreign exchange rates from BIDV (Joint Stock Commercial Bank for Investment and Development of Vietnam).
- Support tracking of Buy/Sell/Transfer rates with timestamps for the last updates.
- Hourly automatic updates to ensure timely accuracy.
Benefits
- Save time and effort by automating exchange rate updates.
- Reduce errors associated with manual exchange rate entry.
- Enable accurate financial planning for businesses conducting multi-currency transactions.
Who Should Use This Module
- Businesses requiring up-to-date and accurate foreign exchange rates.
- Companies conducting frequent multi-currency transactions.
- Financial teams aiming to streamline currency rate management.
Editions Supported
- Community Edition
- Enterprise Edition
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