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