Thomson Reuters and SAP Partner on Cross-Border Transaction Pricing

Thomson Reuters announced the expansion of its strategic partnership with SAP to simplify converting cross-border transaction prices into a single currency, no matter where or when the transaction happens. The new SAP Cloud Platform-based solution, called SAP Market Rates Management, offers out–of-the-box connectivity to comprehensive pricing and reference data from the Thomson Reuters Financial and Risk business and is available to SAP customers worldwide. The partnership makes it easier for chief financial officers, treasurers and corporate finance teams to access pricing and reference data to more accurately calculate foreign exchange transactions. SAP Market Rates Management integrates foreign exchange and money market data from Thomson Reuters for more accurate pricing of any global transaction across the SAP Cloud Platform.