Thomson Reuters today announced the expansion of its partnership with SAP to include a planned simplification of cross-border transaction prices.

The new SAP Cloud Platform-based solution, called SAP Market Rates Management, connects to the Thomson Reuters Financial and Risk business for data, and is available to all SAP customers.

According to the two firms, this new partnership will make it “easier” for CFOs. treasurers and corporate finance teams to access pricing and reference data.

“This is a great example of the power of partnerships to make life easier for businesses, by integrating our trusted data into SAP’s cloud-based software services,” said Stuart Martin, Thomson Reuters managing director of risk information and learning services.

“At the press of a button, any of SAP’s global customers can now achieve straight-through processing of foreign exchange calculations, simplifying their operations and assisting in reducing risk through a single source of comprehensive pricing and reference data.”

Arif Esa, SAP director of treasury management, added: “As businesses become more agile in the cloud, their work can scale and transcend across borders, increasing the need to accurately price foreign exchange transactions. SAP Market Rates Management helps facilitate these transactions seamlessly. Our partnership with Thomson Reuters enables SAP customers to tap into a trusted source of market data with ease and confidence.”

by Alex Hamilton
Alex is Senior Reporter at IBS Intelligence, follow him on Twitter or contact him at: alexanderh@ibsintelligence.com
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