In our Did You Know series we share some interesting facts you might not know about some of our most popular features and enhancements. With £’s, $’s, €’s and more, we know it can be challenging to support your customers across borders (and we’re not just talking about those late night Zoom meetings!). We’re here to help you take into account multiple entities and currencies, and keep on top of things.
Multi-Currency Consolidations: Did You Know?
Did you know that Spotlight Reporting can offer Multi-Currency Consolidation for up to 75 entities? It’s powerful but flexible, meaning it can support the most complex businesses but work with you, even as you grow. As entities or currencies are added, you can easily fold these into your consolidated forecast, or use the eliminations functionality to exclude inter-entity transactions or values.
Make comparisons near and far
With Multi-Currency Consolidations, you can also automate and easily compare performance across regions. Our technology automatically consolidates multiple currencies so you can make comparisons across different geographies.
“What does it mean for my business?”
Your business can streamline its financial data with multi-currency consolidations and up-to-date conversion rates, meaning you can quickly compare performance across various branches regardless of where they are in the world.
"Right from the beginning, Spotlight was one of the only software companies offering dashboards and multi-currency consolidated reporting, which is a huge attraction for businesses operating globally. If clients are operating globally, Spotlight Reporting is the only forecasting tool to use in our opinion."
Paul Gardener, CEO Fresh Accounting
We’re here for you
We know that working with multi-currencies can be challenging and time-consuming, but are also business critical. That’s where we come in. Our solutions have been designed to help you make the most out of your data, and with Multi-Currency Consolidations, you can do just that.
If you’re interested in finding out more, speak to a member of our team in your region here today.