Streamline cross-border transactions with the PCG–OANDA connector for Infor LN

In an increasingly interconnected economy, businesses must contend with the complexities of operating across multiple borders and currencies. What should be a straightforward task of processing an invoice or recording a purchase order can quickly turn into a challenge when foreign exchange rates fluctuate from one moment to the next. Finance teams are left with the burden of ensuring that every transaction, from customer billing to treasury management, reflects the correct conversion rate.

The need for accurate and reliable FX data has never been greater. Yet many organisations continue to rely on outdated, manual methods for managing exchange rate information in their ERP systems. This approach not only drains time and resources but also increases the risk of costly errors. The partnership between Providence Consulting Group (PCG) and OANDA Corporate FX Services (CFXS) addresses this challenge directly. By combining PCG’s expertise in ERP integration with OANDA’s trusted FX data services, the PCG–OANDA connector for Infor LN delivers a seamless, automated solution to bring confidence and control to international financial operations.

For global companies, currency management touches almost every part of financial operations. Each time a sales order is recorded, a procurement contract is signed, or an employee expense is reimbursed, the exchange rate applied will determine whether the books reflect reality. The same applies to monthly consolidation, financial reporting, and budget forecasts. Even a small miscalculation in the exchange rate can cascade into significant discrepancies across ledgers, compliance filings, and cash flow forecasts.

Historically, many finance teams have tackled this issue by manually sourcing exchange rate data from external feeds and then updating it in their ERP system. While this method may have been acceptable when transaction volumes were lower, today it poses a serious risk. Manual data entry is time-consuming, resource-intensive, and inevitably prone to human error. If rates are updated late or incorrectly, the result can be misaligned invoices, inaccurate reporting, and exposure to compliance breaches.

The volatility of global FX markets only compounds the issue. Exchange rates can shift dramatically in a matter of minutes in response to political announcements, central bank interventions, or unexpected market events. A lag of even a few hours in updating rates can render a company’s financial records outdated, undermining decision-making and increasing exposure to risk.

For organisations operating on the Infor LN platform, this challenge has been particularly acute. Without an automated connector to feed exchange rate data directly into the system, finance teams often had to build their own workarounds or rely on manual uploads. The result has been unnecessary complexity, inefficiency, and uncertainty.

The PCG–OANDA connector for Infor LN resolves these challenges by delivering a seamless integration between OANDA’s FX data API and the Infor LN environment. Developed by PCG, the connector automates the entire process of capturing, validating, and updating exchange rates in the ERP system.

The connector runs scheduled jobs that connect directly to the OANDA API, retrieves the required exchange rates, and publishes them into Infor LN using standard Business Object Documents (BODs). Rates can be updated as frequently as required, whether daily, hourly, or at custom intervals that suit the business's needs. Once published, they are available in the ERP system for approval and immediate use across all modules.

The connector saves time by eliminating the need for manual uploads and ensures that every financial transaction is based on the most accurate and current exchange rates available. The integration is designed to work seamlessly in the background, freeing finance teams to focus on higher-value tasks such as analysis and strategy rather than repetitive data maintenance.

The effectiveness of any FX connector rests on the quality of the data it delivers. This is where OANDA sets itself apart. Since 1997, OANDA has been a trusted source of FX data for corporations, audit firms, and regulators around the world. Its rates are used by tax authorities such as the IRS, the Bank of Canada, Gov.UK, and MAS in Singapore, as well as by audit firms including PwC, KPMG, Deloitte, and EY. When accuracy and accountability are non-negotiable, OANDA data is relied upon.

Unlike aggregators, OANDA is a market maker that transacts several billion dollars of FX every day. Rates are sourced directly from its own trading platform, ensuring they reflect real market activity rather than estimates compiled from secondary sources. This means that the rates delivered into Infor LN through the PCG connector are not just indicative values, but true market-tested figures.

OANDA’s FX data service covers more than 200 currencies, commodities, and precious metals, providing access to over 38,000 currency pairs. With over 31 years of historical data available, businesses can conduct trend analysis and predictive forecasting alongside their operational needs. The service also includes information from more than 100 central banks worldwide, ensuring comprehensive coverage of global currency markets.

This depth and reliability make OANDA data uniquely suited to support the compliance requirements of multinational organisations. In the event of an audit, companies can demonstrate that their financial records are based on exchange rates recognised by regulators and benchmarked by auditors.

The PCG–OANDA connector delivers benefits across every layer of financial operations:

Accuracy in every transaction
From purchase orders to sales invoices, payroll, and expense reimbursements, every transaction reflects the latest available exchange rate. This eliminates discrepancies that can erode financial integrity and builds confidence across stakeholders.

Efficiency through automation
Finance teams no longer need to spend hours manually uploading rates. The automated process ensures timely updates while reducing operational overhead. Staff can redirect their focus to activities that drive growth and insight.

Compliance and audit readiness
The connector provides a transparent and auditable trail of exchange rate updates. Combined with OANDA’s reputation among regulators and auditors, this delivers assurance that financial reporting meets the highest accountability standards.

Improved predictability and planning
Access to historical and real-time FX data enables accurate forecasting and more reliable financial planning. Treasury teams can manage currency exposure with greater precision, while FP&A teams can build budgets grounded in trustworthy data.

Customisable to business needs
The connector can be configured to update exchange rates at intervals that match the pace of the business. Whether a company requires hourly updates to manage high-volume transactions or daily updates for routine reporting, the system adapts accordingly.

The strength of this solution lies not only in the technology but also in the partnership behind it. PCG brings extensive experience in developing ERP connectors and custom integrations, ensuring that the solution works seamlessly within the Infor LN environment. OANDA contributes the global authority and trust that comes with being one of the most widely recognised providers of FX data.

Together, this collaboration ensures that businesses can depend on both the robustness of the integration and the accuracy of the underlying data. It is a solution built for organisations that cannot afford errors or inefficiencies in their financial operations.

Beyond the immediate benefits of accuracy, efficiency, and compliance, the connector opens new opportunities for strategic financial management. With real-time FX data embedded directly into Infor LN, businesses can:

• Perform a deeper analysis of currency trends using decades of historical data.
  
• Model different exchange rate scenarios for budgeting and forecasting.
  
• Strengthen treasury strategies by aligning cash flow planning with up-to-date FX information.
  
• Improve cross-border decision-making by removing uncertainty from pricing, procurement, and payroll.
  

This ability to move from reactive to proactive currency risk management is a significant advantage in today’s volatile global market. It enables businesses to protect themselves from errors and make informed decisions that support growth and competitiveness.

The PCG–OANDA connector for Infor LN represents a step forward for multinational organisations seeking to simplify and strengthen their financial operations. By automating the integration of OANDA’s trusted FX data into the Infor LN platform, the solution ensures that every transaction, report, and forecast is grounded in accurate and timely exchange rate information.

This means reduced workload, fewer errors, and greater compliance confidence for finance teams. For executives, it means clearer visibility into performance and stronger foundations for strategic planning. And for organisations as a whole, it means greater efficiency, predictability, and resilience in a fast-moving global economy.

At CFXS, we are committed to helping businesses achieve financial clarity and control. Through our partnership with PCG, we are proud to offer a proven solution that enables Infor LN users to focus less on managing data and more on creating value.

Learn more about how the PCG–OANDA connector can transform your international financial operations by visiting PCG’s website here.