Multicurrency tenders

Multicurrency tenders

You are able to create a multicurrency project. This means that:

• a project can be analyzed in any currency defined on the platform.
• each supplier will quote in the currency specified by you.

The prices entered by the suppliers in their currency will then be converted into the currency defined for this project (phase Project setup tab Project details). You have to change the default currency of the project before you enter any Finance values. In order to run a multi-currency project, you need to have the tab Project currency in the phase Project setup. Go to the Project currencies and click <the corresponding icon> and select all required currencies from the new pop-up window; click <the corresponding icon>: The conversion rates you see here are global rates defined in the Backoffice by your administrator. You can use the existing conversion rates or change it for your current project. To change them, click to open the currency for which you would like to change the exchange rate, modify the rate and click to save the new value. Then go to the tab Project details and choose the project currency on bottom of the page. Scroll up to the top of the page and click:<the corresponding icon> Then go to the tab Project details and choose the project currency on bottom of the page. Scroll up to the top of the page and click:<the corresponding icon> Then go to the tab Project details and choose the project currency on bottom of the page. Scroll up to the top of the page and click:<the corresponding icon> Then go to the page Supplier circle and select a currency for each supplier by using the Edit currency icon . On supplier mode, each supplier sees his own currency.

Supplier view: In the Analysis phase, the prices are converted automatically to the project currency. You can also display the offers in any currency assigned to this project:

1st step: Click View:

2ndstep: Click Edit report settings:

3rd step: Go to the last tab named Additional settings, select the currency and click:

Prices are now converted to Pound Sterling: