Multi-currency

SunSystems 5 enables organizations to manage currency complexities where international transactions and reporting back to an international HQ are necessary.

The currency capability is delivered as standard and is available, if required, in all SunSystems 5 installations. It is fully integrated across all the module areas of SunSystems 5 and enables true dual basecurrency processing.

This powerful functionality enables organizations to buy, stock, sell and account for goods or services in three parallel currencies, and report back to overseas parent companies in the currency of their choice.

Splitting the currency risk – In the case of a subsidiary reporting to a parent operating in another currency, the local currency fluctuations can be absorbed by the subsidiary. On consolidation, the parent can absorb the risk between the local book currency and the reporting currency.

Group reporting – In the case of a parent taking all the currency risk, transaction values can be converted independently of the local book currency into a separate reporting currency. The reporting currency can then be consolidated to provide group reporting.

Euro Zone transition – SunSystems 5 can hold transactions in euro, as well as a legacy currency. The transaction process ensures that the conversion will always be carried out via the euro, as required by EU legislation. For inflation accounting, the historic value can also be held together with the re-valued amount.