Configuring currency settings
The Currency settings page helps you define which currencies will be available across the application features and which one will be global currency.
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The currency settings are available under Workbench > Data Management > Currency Settings. Access to Workbench depends on your role within the platform.
Defining global currency
Your global currency serves as a primary currency of your whole company. Having a single global currency streamlines financial management by simplifying consolidation, budgeting, and intercompany transactions. This unification leads to improved decision-making, operational efficiencies, and a clearer understanding of global financial performance. Remember that this currency is essential for future processes - it can be changed when needed but cannot be left empty.
To set your global currency, proceed as follows:
Click Change global currency button. A Change global currency pop-up window will appear.
From the drop down-list select the currency.
Click Continue to complete your action.
Click Save button located in the top right corner of the page to save your changes.
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By default, EURO (EUR) is pre-selected as the company currency.
Currency preview
While a global currency simplifies internal operations, offering additional currencies on the platform is crucial for user experience, especially for companies operating internationally. In the Currency preview sections you can enable currencies that users will be able to select on the platform.
To enable/disable a currency proceed as follows:
Find the currency or currencies you want to select in the currency table. You may use the search bar that allows a search by currency name, country or enablement status.
Check the box next to the currencies you wish to enable/disable.
Click the Enable or Disable button located at the top right side of the currency table. This action can be performed both for a single currency or on multiple currencies. To change the enablement status of a single currency you may also click the icon and click the available option.
Click Save button located in the top right corner of the page to save your changes.
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The global currency cannot be selected or deactivated.