Hello All,
I have a specific business scenario and I'm curious if anyone has anything similar and how they got around it and/or anyone's thoughts on this. I'll try to make as much sense as I can, sorry if it's confusing!
My company is a USD company, however we do business in multiple countries. Within those other countries, we have groups of businesses. So our reporting is something like this:
SubsidiaryA: RMB
SubsidiaryB: EGP
SubsidiaryC: GBP
SubsidiaryD: EUR
These 4 would roll into a group, let's call it Group1 which has a Reporting Currency of EUR.
All of our groups which have different Reporting Currencies, let's say Group1 - Group4 would then need to roll to the TotalCompany which has a Reporting Currency of USD
My question is, how do people typically load exchange rates into their INPUTCURRENCY dimension? How does the Master Data look? Currently we didn't build our system to support this, so all of our exchange rates are based on the USD conversion rate. But we need RMB to EUR, EGP to EUR, etc. Do people typically just have their INPUTCURRENCY Master Data just have like RMB_EUR, EGP_EUR, USD_EUR, etc.? Or am I missing some sort of logic that makes this whole issue go away?
I know this is probably just a "design preferrence" but I am curious how other companies address this for ideas to present.
Thanks!
Alexander