What is group currency in SAP EPM-IC - SAP BusinessObjects Intercompany?

SAP Term: group currency

• Component: EPM-IC

• Component Name: SAP BusinessObjects Intercompany

• Description: The currency into which all the amounts entered in local and/or in transaction currency are automatically translated.

Smart SAP Assistant

• Key Concepts: 
  Group currency is a feature of the SAP BusinessObjects Intercompany (EPM-IC) component that allows users to define a single currency for a group of companies. This currency is used to convert all transactions between the companies in the group, eliminating the need to manually convert each transaction. 
  
  How to use it: 
  To use group currency, users must first define a group of companies in the EPM-IC component. Once the group is defined, users can select a single currency to be used as the group currency. All transactions between the companies in the group will then be converted to this currency. 
  
  Tips & Tricks: 
  When selecting a group currency, it is important to consider which currency will be most beneficial for all of the companies in the group. It is also important to ensure that all of the companies in the group have access to the selected currency. 
  
  Related Information: 
  For more information on using group currency in SAP BusinessObjects Intercompany, please refer to SAP Help documentation.