What is group currency in SAP EPM-BPC - Business Planning and Consolidation?

SAP Term: group currency

• Component: EPM-BPC

• Component Name: Business Planning and Consolidation

• Description: The currency of a holding group into which consolidated values in local and transaction currencies are automatically converted.

Smart SAP Assistant

• Key Concepts: 
  Group currency is a feature of SAP Business Planning and Consolidation (EPM-BPC) that allows users to define a single currency for a group of companies. This currency is used to convert all the financial data of the companies in the group into a single currency, making it easier to compare and analyze the financial performance of the group. 
  
  How to use it: 
  To use group currency, first define the currency that will be used as the group currency. This can be done in the “Group Currency” tab of the EPM-BPC application. Then, assign each company in the group to this currency. Finally, configure the exchange rates between the group currency and each company’s local currency. 
  
  Tips & Tricks: 
  When setting up group currency, it is important to ensure that all exchange rates are up-to-date and accurate. This will ensure that all financial data is accurately converted into the group currency. Additionally, it is important to regularly review and update exchange rates as needed. 
  
  Related Information: 
  For more information on setting up and using group currency in SAP Business Planning and Consolidation (EPM-BPC), please refer to SAP’s official documentation on Group Currency.