The Sage MAS 500 ERP Multicurrency Management module allows you to optimize your international opportunities by providing a streamlined, flexible way to manage multiple currencies, exchange schedules, and currency fluctuations.
You can save time and streamline your business processes by using the power of automation to create and maintain an unlimited number of currencies and exchange rate schedules. You can use Multicurrency Management to update exchange rates on a daily basis and record realized or unrealized gains and losses due to currency fluctuations to the general ledger accounts assigned to the currency. Realized gains and losses are automatically posted when the transaction is settled.
The Multicurrency Management module gives you the critical data you need for more informed decision making and improved trend analysis. Standard reports and registers create a complete audit trail of detail activity before posting. And, with the ability to retain detail postings and monthly summaries for an unlimited number of years, you can gain additional insight by having more information at your disposal for year-to-year comparisons.
Multicurrency Management helps you maximize productivity, too. Enter the data just once in Multicurrency Management, and you’ll be able to leverage multicurrency capabilities, including revaluation functions, across other Sage MAS 500 modules, including Accounts Payable, Accounts Receivable, Sales Order, Purchase Order, eCustomer, eSalesforce, and General Ledger.
Automatically perform currency conversions for all accounting transactions, and post gains and losses upon transaction settlement
Create a wide variety of exchange rate schedules, and update exchange rates daily from the source currency to the target currency
Easily record gains and losses, due to fluctuations in currency rates, to the general ledger account assigned to the currency
Eliminate the complication of having to factor multiple currencies and exchange rates into your heavy period-end transaction volume
Organize security groups and assign permissions to restrict access to any confidential transactions and account information
Set up an unlimited number of exchange schedules for maximum flexibility and time savings
Control Over your Business Integrate your operations, letting your business perform more efficiently and respond to changes quickly and easily.
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