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How currency conversion works on Requisition Approval Notifications

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edited Jul 5, 2019 10:43AM in Self Service Procurement 6 comments

Summary

How does the system convert and display amounts when multiple currencies are involved in an approval notification

Content

Customers / Support

I have been asked a few times these past weeks on some clarifications relating to approval notifications in the context of multiple currencies. I am providing a picture of how the system displays amounts when there are multiple currencies involved.

Let us familiarize ourselves with some terms first:

1. Functional Currency: The currency of the ledger associated with the Requisitioning BU in which the requisition was created

2. User Preferred Currency (UPC): Fairly self-explanatory, this is the currency that has been identified as the preferred currency of the user

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