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Corporate currency configuration
Published On Dec 17, 2024 - 12:57 PM

Corporate currency configuration

Learn how to set only one currency value across your tenants using the corporate currency.

Default supported currencies

From the list of ISO currencies that the application provides, there is a default currencies set. This selection of currencies is called Default Tenant Supported Currencies (TSC). If a Customer Tenant decides to add currencies to the Default Tenant Currencies list, then this complete list of currencies would be called Instance Currencies. As a System Administrator, you can set up this list for your own tenant. Currency conversion rates for your tenant can be set up only using currencies from the selected TSC list. For the complete list of Default Tenant Supported Currencies, see Default supported currencies.

Setting up the corporate currency for the tenant

The Pricing Policy Administrator of the Tenant (Service Provider or Customer Tenant) can set the Corporate Currency (CC) for the Tenant(s). The corporate currency is set during the initial setup and configuration for each customer. Once set, it cannot be changed. For more information on currency conversion, see Currency conversion.
  1. From the
    Currency management
     page, there are two tabs:
    1. Currency setup
      : To set up the Corporate Currency. From the list of concurrencies, select the radio button next the corporate currency you want.
    2. Conversion rate
  2. Once you have made your selection, click
    Confirm
    at the bottom of the table. Otherwise, to clean your selections, click
    Cancel
    .
  3. Once confirmed the selection you get a message saying once the Corporate Currency is set for this tenant, it cannot be changed. So, you click the check box to acknowledge that you understand this, and then click
    Yes
    . Otherwise, if you are not sure of your selection, click
    No
    .

Customer tenant corporate currency configuration

Once the Service Provider Corporate Currency is confirmed, you can select whether you want to apply in all future Customer Tenants. For more details about Customer Tenants inheriting the Corporate Currency from the Service Provider, see Corporate currency for Service Provider. Only some specific Shared Services roles can perform actions with Corporate Currency; for the complete list of Shared Services roles, see Shared Services roles.
The default corporate currencies have to be updated before a new customer tenant is provisioned.
  1. Select the radio button for either
    Yes
     or
    No
     and then click
    Submit
    . Otherwise, click
    Cancel
     to make any changes to your selections.
  2. If you select to apply this Corporate Currency to all future tenants, the following message is displayed:
    All future Customer Tenants will use this tenant Corporate Currency. No change for existing Customer Tenants.
     Select the checkbox to apply this Corporate Currency to all future tenants and click
    Yes
    .
  3. You then get a
    Success notification - Data saved successfully
     message. All future Customer Tenants will use this tenant Corporate Currency. No change for existing Customer Tenants. To change your Corporate Currency selection for your Customer Tenant, click
    Edit
     to the right of the screen.
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