SMC Currency Exchange Rate Automation
The objective of the Currency Exchange Rate Automation Process (SMC CERU) is to keep your accounting system database up to date with the latest currency exchange rate information, supplied by one or more trusted and authentic financial institutions via web services.
You are supplied with a list of over 100+ currency codes to retrieve exchange rates for. However you can filter out what currency codes which you don't need for your accounting system, or add new ones if you wish. You can also specify what type of web service from a financial institution you would like to use either a free webservice or paid for. You may even specify the interval at which this automated process can invoke the web services for the desired exchange rate information.
The following diagram outlines how this process will work with your accounting system:
For further information regarding this service, please contact Sector Micro Computer.