How does Payment BPM evaluate a USD threshold when functional and invoice currencies are INR?
Summary:
In Oracle Fusion Payments BPM, if an approval rule has a threshold of USD 1,000,000 but the payment is in INR and the ledger functional currency is also INR, how does Oracle determine whether the payment exceeds the USD threshold?
Does Oracle automatically convert the INR payment amount to USD? If yes:
- Which exchange rate type is used?
- Which date determines the exchange rate?
- Is the conversion based on payment amount/payment currency or the ledger functional currency?
- Is any additional configuration required?
- What is the recommended setup when the same payment approval threshold needs to apply across multiple payment currencies?
0