How does this affect me?
This feature enables users to maintain price and discount rules in one generic base currency. Instead of duplicating price lists for every transaction currency, administrators can manage pricing centrally and rely on automated conversion using corporate exchange rates. The key capabilities provided by this feature include:
- Define a generic currency and set a default exchange rate - Administrators configure a generic base currency and establish corresponding exchange rates from Finance or an external rate provider.
- Centralize price definition - Pricing rules and trade agreement values are created once in the generic currency, removing the need to maintain separate price lists for each transaction currency.
- Convert currency automatically at runtime - When a pricing request is made, unified pricing automatically converts the base currency price into the required transaction currency using the most recent exchange rate configuration.
- Scalability for large product catalogs - Supports the management of tens of thousands of SKUs across multiple markets.
- Improves consistency and financial control - Anchoring all price definitions to a stable reference currency reduces fluctuations and ensures a uniform pricing strategy across channels, entities, and geographies.
This message is for awareness, and no action is required.
If you would like more information on this feature, please visit Define multicurrency pricing using a generic currency.