Sage ERP X3: Multicurrency Management

By May 14, 2013Sage ERP X3

Is your business expanding internationally? Do you have a need to track multiple currencies within your ERP system?  Are you doing this by hand now? Is this taking too much time or causing other headaches?

With the multicurrency management function, Sage ERP X3 provides the service of automatically converting currency amounts to cater to your specific business needs.

Sage ERP X3 can handle transfers and reporting of information from one country to another, and between subsidiaries and their headquarters. Sage ERP X3 combines decentralized and international company financial management.  The flexible accounting structure (multi-ledger/multi-chart of accounts) guarantees a real-time global vision while responding to local operational requirements (legal, analytical, localized, and reporting).

Sage ERP X3 offers multicurrency processing features that provide the ability to calculate transaction amounts, produce reports, and restate values in different currencies. Amounts can be expressed in the currency of the company, the business partner, or a user-defined reporting currency. Sage ERP X3 maintains all currencies and exchange rates in a single table and provides immediate conversion to alternate values on demand within any business transaction.

Invoices and payments can be accepted and issued in varying currencies. Sage ERP X3 provides full accounting of exchange rate variances and automatically posts them to the appropriate general ledger (GL) gain or loss accounts.

Sage ERP X3 makes converting exchange rates and currencies quick, reliable, and easy to use.  Also there are multiple exchange rate types. Whether you need daily, monthly, or an on-average report, Sage ERP X3 offers these to you at your fingertips – all while maintaining compliance.

Contact Our Sage ERP X3 Team

Want to learn more about Sage ERP X3? For additional information please contact us at 877-979-5462, or click here to contact us.

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SWK Technologies, Inc.