Maintain correct reimbursement with full control of exchange gain/loss.Increasingly, companies of all sizes are expanding their markets internationally — and sending employees around the world to develop business opportunities. In today’s global economy, companies need Expense Management software that allows for multi-national processing in multiple currencies.Paramount WorkPlace supports international operations with robust multi-currency expense capabilities.
Features and Benefits:
- Maintain correct reimbursement with full control of exchange gain/loss.
- Foreign & actual local currency options
- Currency rates by expense report, by line item
- Actual and system exchange rate comparison, calculation, reporting
- Automatic flag of variances exceeding your approved threshold
- Exchange rates can be managed manually or automatically updated from ERP or online service
Easily designate currency at an expense-line level.
Terms & Definitions
What is Multi-Currency:
Simply stated, multicurrency transactions are those that involve any currency other than US dollars.