Let us review how can we import the currency conversion rates using finance and operations now? 1
OK, firstly, let's go to the manual way of creating the currency conversions. 2
So I go to the general ledger. 3
And what you do is you go to your exchange rate types and choose the appropriate one, get into the 4
exchange rates and if incase you are creating a new conversion 5
What you do is you're going to choose the from currency and two currency and then start creating your 6
currency conversion. 7
OK, so for time being let us go and 8
choose the euro and the Russian rubles conversion that is available here. 9
So you see here that was last updated only in 2013. 10
So since it is demo data, so we have these updated only until this date. 11
So if in case you will have to do the currency conversion. 12
You will have to add the new currency conversion. 13
What you do is which you have already seen. 14
You come and at the currency conversion here. 15
Right. 16
But just imagine how tedious the process is going to be if you will have to do it for all of your currency 17
conversions. 18
OK, so all of these between Canadian dollars and your INR. 19
So all of this. 20
So that is the reason you can use the import facility that is available. 21
So before we take a look at it, just remember this, current exchange rate that is available. 22
So we will see after effects after importing it. 23
So I'm just duplicating. 24
I'll just duplicate this. 25
So let us go to the. 26
General ledger area. 27
And 28
So the first thing is you'll have to configure the exchange rate providers. 29
OK, so by default, finance and operations will give you a couple of options. 30
One is the central bank of the Russian Federation, or else when you click the new, you're going to 31
see another one. 32
My pronunciation could be bad, but this is what this this one is here. 33
So you go ahead and say, OK, so what it does is it will create the respective URLs for you. 34
OK, so if you want to use different providers, I believe that would be the case in many implementations. 35
So you will need to take your developer help to be able to have those new exchange rate providers added 36
here. 37
OK, so what I'm doing right now is I have this exchange with providers and I want to import the currency 38
rates using these providers, so I go to the import currency exchange rates. 39
So you tell the system that the exchange rates need to be imported into which exchange rate type. 40
So I want them to be imported into this default and what is a provider to be used. 41
So I choose this one for time being and import as of today's rate 42
So I want today's rates to be picked up by the system. 43
OK, and if there are no currency pairs available, for example, you did not create that currency pair 44
like euro and Russian rubles, then it can create it for you and you can override the exchange rates 45
that are already available or already created by the user. 46
So you can choose to override them. 47
OK, so let's go out and say, OK, here and the system takes a minute to process. 48
So you see some messages here. 49
OK, so some of them could not be updated otherwise, 33 number of exchange rates were important. 50
OK, so. 51
Let's go to the exchange rates table, and this is what is the one that I'm interested to look at right 52
now. 53
Let me just refresh this. 54
You see here, so the currency conversion is imported by the system. 55
So this way you will be able to import the currency conversion rates from the online providers. 56
OK, so that's all for this video. 57
And thank you so much.