You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

How to use a Currency Conversion function in Approval Rules using the BPM Worklist App

Received Response
44
Views
4
Comments
edited Feb 5, 2019 5:07AM in Self Service Procurement 4 comments

Content

Use Case:

Organizations may commonly operate in multiple geographic locations and need to create transactions in different currencies.

For example, Acme Corp. has 25 Business units operating in 13 countries. Requisitions are created from each country in a different functional(ledger) currency. A common set of approval policies apply across for these countries and approval limits are based on a common currency which is USD.

The requirement is that when a requisition is submitted from a business unit (say India), the Requisition Amount that is in the functional currency "Indian Rupees", should first be converted into the equivalent USD Amount before evaluating the approval rules. Similarly if a requisition is created from another business unit located in Mexico, the functional currency ("Pesos") amount must be converted to into the equivalent USD Amount before evaluating the approval rules.

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!