Allocadia allows global organizations the flexibility to manage their marketing activities, Purchase Orders and Actuals, and planned returns in multiple currencies, allowing more relevant and easier reference for teams to manage their spend.
To set Currencies:
- On the Home tab, click on Master Settings of the desired Folder
- On the Settings page, navigate to the Currency tab under Template Setup on the left-hand side.
- Under Hierarchy Currencies, click the down arrow next to each Hierarchy or Activity Plan to select the desired currency
Note: Setting a currency at the Hierarchy level will preset the currency for all the items under the Hierarchy - managing this at an Activity level, will only set the currency of the individual Activity Plan.Tip: The Exchange Rates section is where you will enter in the base exchange rates, for each currency.Note: If you wish to use multiple currencies within one Activity Plan please read the Multi Currency Within an Activity Plan article.
- On the Exchange Rate section, calculate the exchange rate from the desired currency against the Master Currency
Note: The Exchange Rate calculations will display the amount of the Master Currency received for one unit of the selected currency.