Working with Foreign Currencies
Forecasting using Foreign Currencies
With Genesys Decisions, you can enter assumptions in a foreign currency for center, staff types that use foreign currencies for cost accounting. The application can automatically convert all foreign currency metrics to a common base currency for comparison purposes in rollup reporting.
In addition, financially related report line items for a center, staff type with foreign currencies can be displayed in either the systems base currency or in the center staff types foreign currency.
Establishing the Currency for a Center/Staff Type
To establish the currency for a center staff type:
- Click the Financials button, or click Input > Financial Parameters.
- Select the center/staff type that you wish to work with.
Currency Ratio [Local to Base]
Enter the ratio of the local currency to the system’s base currency into this metric located in the last row of the assumption grid. The default for this field is 0, which means that the center/staff type uses the system’s base currency.
If the department uses a currency other than the system’s base currency, enter the appropriate ratio; for example, entering 1.25 indicates that 1.25 units of local currency are equal to one unit of base currency.
Viewing Reports in Local and Base Currencies
To view reports in a particular currency, click the Reports button or click Results > Report Expert and create a new report or select an existing report. When the Report Template viewer opens, click the Settings drop-down box and select the option labeled Currency. Select Local Currency to display the relevant financial related metrics in the report in local currency or Base Currency to display those metrics in the base currency.