Multi-Currency

With the global reach of businesses today, multi-national companies need to balance the financial reporting requirements of the native organization alongside a consolidated view in a single currency for reporting and analysis at the headquarters location.

The Budget Maestro multi-currency module enables multinational companies with global entities and subsidiaries to budget and forecast in multiple currencies and perform currency conversions for any number of denominations. With a few clicks, the system will automatically convert and consolidate multiple currencies into the reporting currency in real time, on the fly.

Budget Maestro enables you to:

• Collect operational forecast from multiple divisions or subsidiaries in local currencies and convert that data into a single reporting currency
• Set default currencies by subsidiary for local managers to budget and report in their native currency
• Calculates exchange rates based on the data you’ve entered
• Modify exchange rates on a monthly basis by version and generate reports based upon those versions to analyze variances
• Run your Income Statement using an average monthly exchange rate and a Balance Sheet using an end of month exchange rate