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Cur
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Module Overview
INSIGHT’s Currency Restatement module allows you to immediately restate financial results in any currency from any currency. This invaluable tool for accountants helps trivialize a complex but necessary financial activity into something easy to manage.
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Instant currency restatement
Benefit: Financial statements can be restated into any currency in real-time.
How: Smart features utilize the native JD Edwards currency rate data to restate your financials from and to any currency.
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Reduce financial complexity
Benefit: Restate financial reports such as Income Statements and Balance Sheets in seconds.
How: Live calculations simplify a process often fraught with complexity and opportunities for error.
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Minimize currency impact on profitability
Benefit: Utilize accurate accruals for exchange rate fluctuations.
How: Instantly recalculate the unrealized exchange gain and loss and monitor movements to calculate accruals.
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Reduce unnecessary transactions
Benefit: Reduce the volume of foreign currency transactions data stored in JD Edwards.
How: Calculate the required currency translations on-the-fly.
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Quickly calculate exchange gains and losses
Benefit: Exchange gains and losses are calculated in real time for each foreign company.
How: Consolidating the financial data by company and restating the currency shows variances by period.
All of this can be done in real-time, so the right people get the right information right when they need it.
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