In today’s global business landscape, B2B companies are no longer limited to domestic markets. With the rise of eCommerce and digital transformation, companies can now conduct transactions with partners and customers from different countries that require the use of multiple currencies.

For companies using Epicor P21 as an enterprise resource planning (ERP) system, this poses a challenge: How does Epicor P21 support multi-currency B2B transactions? First, let’s briefly discuss what Epicor P21 is.

Epicor P21 is an ERP system designed specifically for wholesale distribution companies. It helps companies streamline operations, manage inventory, and handle accounting and financial transactions. Thanks to its comprehensive features, Epicor P21 is widely used by B2B companies of all sizes to streamline business processes.

Now let’s take a look at how Epicor P21 supports B2B transactions in multiple currencies.

The key to successfully processing multi-currency transactions in Epicor P21 is its flexible and customizable currency conversion features. Epicor P21 enables companies to manage multiple currencies for different customers, suppliers, and financial accounts. This means that companies can easily transact in different currencies without having to use multiple systems.

The system also allows exchange rates to be updated in real time, ensuring businesses have accurate and up-to-date information on all transactions. This feature not only saves time, but also minimizes the risk of errors and inconsistencies.

Additionally, Epicor P21 offers a variety of reports and analytics to help businesses track and monitor transactions across multiple currencies. These reports provide valuable insight into the impact of currency fluctuations on your company’s finances and help you make decisions.

Moreover, Epicor P21 offers a customizable currency conversion feature that allows businesses to set specific currency conversion rules. This is particularly useful for companies with complex multi-currency requirements, such as those with subsidiaries in different countries. This feature enables companies to easily manage their global operations and ensures accurate financial reporting across all entities.

To sum up, the ability to efficiently process B2B transactions in multiple currencies is crucial to the success of companies in the global market. With advanced and customizable currency conversion features, Epicor P21 provides businesses with the tools they need to seamlessly process such transactions. Its flexible and user-friendly features not only save time and minimize errors, but also help you make better financial decisions.