Out-of-the-box Exchange Rate Imports with Dynamics AX 2012
Keeping with the trend of connecting Dynamics AX to the outside world through web services, and even providing out-of-the-box, ready-to-use ones, Dynamics AX 2012 r2 now allows you to set up automatic exchange rate imports in just a few clicks.
You must first set up the exchange rate provider you want to use, and AX comes with 3 providers ready to use (More can easily be developed) in General Ledger / Setup / Currency / Configure Exchange Rate Providers :
Once this is done, General Ledger / Periodic / Import Currency Exchange Rates allows you to choose which Exchange Rate Type you want to import the rates for, and using which provider.
You can of course set one up for each rate type, and even schedule these to import periodically using the standard AX batch feature
Once this has run, your rates can be reviewed in General Ledger / Setup / Currency / Exchange Rates :
This illustrates very well how Dynamics AX Web Services integration contribute to make AX 2012 powerfully simple.
About the Author
Antoine is a Senior Consultant with sa.global, specializing in Dynamics AX and GP. He has more than 15 years experience in consulting, particularly in the areas of Financial Management and Business Intelligence.