European Central Bank (ECB)

Exivity integrates with the European Central Bank (ECB) API to incorporate exchange rate data into cost management, reporting, and billing processes.

For organizations operating across countries and currencies, exchange rates are an important part of creating consistent and accurate financial reporting. Exivity can retrieve relevant currency exchange rate information from the ECB and use it when processing cost and consumption data.

This enables costs originating in different currencies to be converted and incorporated into standardized reporting and billing models. Exchange rate information can be used alongside custom rates, pricing structures, and other business rules defined within Exivity.

The integration is particularly useful for international enterprises, managed service providers, and cloud service providers that need to consolidate technology costs from multiple regions, providers, or currencies.

Combined with Exivity's ability to ingest data from public cloud, private cloud, SaaS, infrastructure, and custom sources, ECB exchange rate data helps provide a consistent financial foundation for multi-currency cost allocation, chargeback, reporting, and billing.