Re: multi currency

[AMKavoulakis@xxxxxxxxxxxx]

We are on version 6.0.04 and implemented multicurrency for Accounts
Receivable (ACR) about 1 year ago.  We had no significant problems in
implementing even though we ran without multicurrency for 1.5 years.  We
use US$ and Euros, and update the exchange rate on every business day.  We
also run the a month-end revaluation process.

There are a few things to setup so that you can change the currency on
existing customer masters.  At the minimum, you need to establish new banks
and customer types that use the new currency.  Once a customer changes
currency, we do not allow them to change back or alternate, which saves a
lot of trouble.

Users had to get used to thinking about the various display screens and
inquiries, but have not had any major problems.  Most screens in AR have a
function key to toggle between the transaction and base currencies.

Alexandra Kavoulakis
Interface Solutions, Inc.




                    Christine Roman
                    <ChristineR@SCC        To:     "'bpcs-l@midrange.com'"
                    -INC.com>              <bpcs-l@midrange.com>
                    Sent by:               cc:
                    bpcs-l-admin@mi        Subject:     multi currency
                    drange.com


                    01/17/2002
                    05:29 PM
                    Please respond
                    to bpcs-l






Hi everyone!  We are 6.1.01 MM on an AS400, and are investigating the Multi
Currency product, and are hoping for some feedback from the list.  We are
interested in hearing experiences about implementation, especially after
running without the multi currency feature.  Has anyone updated their
customer masters to a new default currency, or did you need to create a new
customer master?  How did this effect user processing, such as account
review and inquiry, aging?  How often are you updating the exchange rates?

Thanks in advance!


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