Currency Management

The Currency Management (CM) module provides functionality to support multiple currencies so you can do business internationally and manage international subsidiaries. The CM module maintains a list of currencies, tracks exchange rate fluctuations, and performs periodical revaluations for currency denominated accounts and documents in foreign currencies with automatic calculation of gains and losses. Flexible translation options allow you to configure reporting in a foreign currency if needed and automatically performs currency translations.

The Currency Management module provides the functionality you need to use multiple currencies in the system. It supports foreign currency transactions throughout the General Ledger, Accounts Payable, Accounts Receivable, Sales Orders, Purchase Orders, and Cash Management modules. You can maintain lists of currencies, track exchange rate fluctuations, and perform revaluations for currency-denominated accounts and documents in foreign currencies with automatic calculation of gains and losses resulting from exchange rate fluctuations. With the Currency Management module, flexible translation options can be used to configure reporting in a foreign currency, if needed.