Exchange Rate Enhancement for Project Budgets

Problem

In order to make right decision you need accurate Financial statement and Project budgets plays an important role to support the decision.  Planned values does not account for Foreign Exchange gain or loss  and especially when most transactions are in foreign currency it can lead to inaccurate decisions.

Solution

ERP Logic developed a custom solution where you can maintain Budget FX Rate, Legacy Data for planned budget FX, Project Plan vs Actual expense

Using the custom table, a special report computes foreign exchange gain or loss on planned values which helps make better decisions.

Business Value

Better Control over the money spent

Streamlined performance evaluations

Prioritization of payments based on foreign currency. 

Better Project and Financial Planning

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