Set daily currency exchange rates

Applies to User Roles:

System Administrator

Contract Management provides a currency conversion utility that automatically converts national currencies, depending on exchange rates at the time you initiate the contract. You can enter daily exchange rates into the system to ensure accurate rate conversions.

To set daily currency exchange rates, follow these steps:

  1. Click System Administration > Base System Configuration > Conversion Rates.
  2. Use search or advanced search to find one or more records.
  3. Click a record to view it in the Conversion Rate Information form.
  4. Update the Date and Exchange Rate fields with the daily exchange rate information.
  5. Click Save.

Note You can tailor Service Manager to automatically import the daily currency exchange rates. For more information, see Tailoring.