In today’s fast-paced financial landscape, the timeliness and accuracy of market data is key for informed decision-making.
Companies must ensure interest rates, exchange rates, and other economic indicators are up-to-date and consistent across all systems to ensure smooth financial operations. SAP Market Rates Management is a comprehensive solution designed to address these needs by streamlining market data management across critical SAP systems.
This article will discuss the key features and benefits of SAP’s Market Rates Management solution and how our senior-level SAP consultants can help your organization maximize the technology you already own.
What is SAP Market Rates Management?
SAP Market Rates Management allows users to upload, download, and distribute their own market data and integrate critical data sources into their existing SAP S/4HANA or SAP S/4HANA Cloud systems. To manage their data effectively, users can choose the Thomson Reuters data option (now the REFINITIV Data Option) or the Bring Your Own Rate option.
The Thomson Reuters data option provides interest rates and currency exchange directly from Thomson Reuters, while the Bring Your Own Rates option allows users to gather financial market data from their own sources. Both data options enable automatic downloads within an established technology landscape through existing SAP S/4HANA transactions. This way, users can pick the data option that best suits their current business requirements.
SAP Market Rates Management, REFINITIV Data Option
- Plan:
- The REFINITIV data option for SAP Market Rates Management offers market rates daily or for a specified date range, which can be used in the SAP S/4HANA system and other SAP platforms.
- It includes the Download Market Data service, a reusable service that allows users to import market data from various sources.
- This service also encompasses the core capabilities of the SAP Market Rates Management Bring Your Own Rates data option.
- Included:
- 12 maximum uploads of market data types through a single upload API. Download any or all market rates using a single download API.
- 1,500 maximum records that can be uploaded or downloaded from a single request.
- 70,000 maximum uploaded or download requests are allowed per global account each month.
- 300,000 maximum records that can be uploaded per global account.
- 90 maximum days that market rates are stored, with automatic deletion after this period.
SAP Market Rates Management, Bring Your Own Rates Data Option
- Plan:
- The SAP Market Rates Management Bring Your Own Rates data option enables users to upload and download their own market rates licensed from third-party data providers.
- It includes upload and download APIs that allow users to handle market data in a format compatible with an SAP S/4HANA system.
- Users can distribute the downloaded rates across all connected systems within their existing landscape.
- Included:
- 12 maximum uploads of market data types through a single upload API. Download any or all market rates using a single download API.
- 1,500 maximum records that can be uploaded or downloaded in a single request.
- 6,000 maximum uploaded or download requests per global account each month.
- 300,000 maximum records that can be uploaded per global account.
- 90 maximum days that market rates are stored, with automatic deletion after this period.
Key Features of Market Rates Management
REFINITIV Dynamic Database
The platform’s support from REFINITIV, a well-known leader in financial market data and infrastructure, largely enhances its strength. This strategic alliance ensures data reliability and precision, crucial for informed decision-making in an ever-evolving business landscape.
Improving the Loading Process
SAP’s groundbreaking solution is designed to simplify and transform the market data loading process. Integrating all operations into a single platform enhances accessibility and maximizes operational efficiency across critical business units.
SAP’s Strategic Vision
As a leader in enterprise solutions, SAP has elevated the market data uploading process to a new level. Their strategic focus on centralizing and optimizing the load process directly addresses evolving market demands and the growing need for more intelligent information management.
Transforming the User Experience
SAP Market Rates Management revolutionizes the underlying data infrastructure and reshapes the complete user experience. Featuring intuitive interfaces and advanced functionalities, the tool is designed to adapt to user needs, ensuring effective and efficient interactions.
Drivers of Change
The collaboration with REFINITIV and the adoption of advanced technologies show that SAP Market Rates Management doesn’t just adapt to change but actively drives it. Key elements like process automation, cloud integration, and data customization fuel this new era in market data management.
A Single Tool
Previously fragmented and complicated, the market data loading process is now centralized in a single tool to streamline data management and enable precise information control. This unified approach enhances both data integrity and overall business efficiency.
Key Benefits of SAP Market Rates Management
Limit the need for separate contracts
Get data straight from the top providers with specific product editions, all without needing a different contract.
Automate daily import operations
Import daily market rates automatically from your data source or your preferred provider.
Implement a quick, streamlined setup
Streamline setup tasks with a simple approach to SAP Market Rates Management.
How Can We Help?
Whether you need help implementing new SAP applications, integrating new features with your existing SAP ecosystem, or are just beginning your journey with SAP, Surety Systems can help you reach (and exceed)critical organizational objectives.
Our senior-level, US-based SAP consultants have the experience and functional expertise to guide your internal teams to long-term success and ensure continuous improvement over time.
Contact Us
Are you interested in learning more about SAP Market Rates Management and how our expert SAP consultants can help you maximize your technical investment? Contact us today.
