Multi-currency management in abas ERP allows you to optimize your international opportunities by providing a streamlined, flexible way to manage multiple currencies, exchange rates, and currency fluctuations. Conduct business around the globe while maintaining accurate accounts and gaining greater insight into your business performance.
Easier international transactions: Applicable currencies can be recorded for each customer and vendor and automatically taken into account when creating or receiving invoices.
Up-to-date exchange rates: abas ERP can update exchange rates on a daily basis and record realized or unrealized gains and losses due to currency fluctuations.
Foreign currency accounts: Bank accounts can be managed in a foreign currency, enabling you to post account movements directly in the account currency and more easily review account statements.