What is global currency in SAP EPM-SA - SAP Spend Performance Management?

SAP Term: global currency

• Component: EPM-SA

• Component Name: SAP Spend Performance Management

• Description: The denomination of a company's financial headquarters chosen for reporting. The global currency is converted from the document currency, which is used in the original transaction. For example, if the currency used in the original transaction is EUR, but the global currency chosen by a company for reporting purposes is USD, the data will be converted to USD for reporting purposes.

Smart SAP Assistant

• Key Concepts: 
  Global currency is a feature of SAP Spend Performance Management (EPM-SA) that allows users to view and analyze financial data in a single currency. This feature allows users to compare financial data from different countries and regions, as well as to track the performance of their investments in different currencies. 
  
  How to use it: 
  To use global currency, users must first set up a global currency in the system. This can be done by selecting the “Global Currency” option from the “Settings” menu. Once the global currency is set up, users can then select the currency they wish to view their financial data in. The system will then automatically convert all financial data into the selected currency. 
  
  Tips & Tricks: 
  When setting up a global currency, it is important to select a currency that is widely used and accepted in the countries and regions you are analyzing. This will ensure that all financial data is accurately converted into the selected currency. Additionally, it is important to regularly update the global currency settings as exchange rates can fluctuate over time. 
  
  Related Information: 
  For more information on setting up and using global currency in SAP Spend Performance Management (EPM-SA), please refer to the official SAP documentation.