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

SAP Term: multi-currency

• Component: EPM-SA

• Component Name: SAP Spend Performance Management

• Description: Reporting feature that allows the user to display and analyze measures in a report in more than currency, for example, when the currency used in the original transaction is different from the global currency.

Smart SAP Assistant

• Key Concepts: 
  Multi-currency is a feature of the SAP Spend Performance Management (EPM-SA) component that allows users to manage and analyze financial data in multiple currencies. This feature enables users to compare financial data across different currencies, as well as to convert data from one currency to another.
  
  How to use it: 
  To use the multi-currency feature, users must first set up their currencies in the system. This can be done by navigating to the “Currencies” tab in the EPM-SA component and selecting the currencies they wish to use. Once the currencies have been set up, users can then enter financial data in any of the selected currencies. The system will automatically convert the data into other currencies as needed.
  
  Tips & Tricks: 
  When setting up multiple currencies, it is important to ensure that all of the necessary exchange rates are entered into the system. This will ensure that all of the financial data is accurately converted from one currency to another. Additionally, it is important to regularly update exchange rates as they can change over time.
  
  Related Information: 
  The multi-currency feature of SAP Spend Performance Management (EPM-SA) is closely related to other features such as budgeting and forecasting. By using multi-currency, users can more accurately compare financial data across different currencies and make more informed decisions when budgeting and forecasting.