What is rate application in SAP (EPM-BPC - Business Planning and Consolidation)?

SAP Term: rate application

• Component: EPM-BPC

• Component Name: Business Planning and Consolidation

• Description: A supporting application for one or more Financial or Consolidation reporting-type applications used to store exchange rates that support currency conversions in those applications.

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• Key Concepts: 
  Rate application is a feature of SAP EPM-BPC Business Planning and Consolidation (BPC) that allows users to apply a rate to a value in order to calculate a new value. This feature is useful for calculating currency exchange rates, interest rates, and other types of rates. 
  
  How to use it: 
  To use the rate application feature, users must first define the rate they wish to apply. This can be done by entering the rate into the BPC system or by importing it from an external source. Once the rate has been defined, users can then select the value they wish to apply the rate to and enter it into the BPC system. The system will then calculate the new value based on the rate entered. 
  
  Tips & Tricks: 
  When using the rate application feature, it is important to ensure that the rate entered is accurate and up-to-date. Additionally, users should be aware that different rates may be applicable depending on the type of value being calculated. 
  
  Related Information: 
  For more information on how to use the rate application feature in SAP EPM-BPC Business Planning and Consolidation, please refer to the official SAP documentation.