Requirements Features and Functions

• Accommodates multiple currencies for transactions, accounting, and financial reporting


• Manages and updates ledger in multiple currencies


• Exchange rates defined automatically or manually


• Translation of actual or budget balances or prior year balances


• States prior results with a different historical exchange rate


• Automatically restates, at a new exchange rate, consolidated multi-currency financial information (for prior year actual, current year budgets, and forecasts) that are in the system at a different exchange rate and then quantify what the difference was due to the change in foreign exchange rates


• Translates and determines current month's consolidated financial results as the difference between the current year to date at one foreign exchange rate and the prior month year to date at a different foreign exchange rate; and reports this difference as the current month's activity


• Euro currency