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How to Use CurrencyConversionGlobal.getRate for Payment Approvals

edited Apr 11, 2024 10:37PM in Payables, Payments & Cash Management 2 comments

Summary:

We have multiple BUs from US,UK,IND,FRANCE and now requirement is to create threshold amount based PPR approval rule with conversion rate, how to proceed this request

Content (please ensure you mask any confidential information):

We have multiple business units (BUs) located in the US, UK, India, and France. The current requirement is to establish a threshold-based Purchase Price Reduction (PPR) approval rule, considering currency conversion rates. How should we proceed with this request?

For instance, if a payment is initiated with a base amount of $1000 across all BUs, it should be directed to Approver A's worklist. Payments exceeding $1000 should be routed to Approver B's worklist. It's important to note that for currencies other than USD, such as INR, the amount needs to be converted to USD for determining the appropriate approver.

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