When Multi-currency is enabled the 'Currency Tagged in PO policy' is assumed to be the 'Site Currency' on the PO.
Therefore the amount in the PO Policy record is always compared with PO amount.
Content was last updated in 06.22.07-00
Since a customer might be having their business units spread across the globe operating in different currencies, it is always appropriate to define the PO Policies which are specific to a Site and the currency tagged to each of the site. and also has the amount restrictions defined in policy for each of the respective Site currency.
Defining site level Currency Settings is the first step towards enabling multi-currency transactions.
Further to which based on Multi-currency settings (as defined in the configuration module) other currencies such as Transaction and Base can be calculated.
When an R2 user approves a PO with their credentials, the validations are done against either the Site Currency Amount of the PO or Base Currency Amount of the PO, depending on whether Site is tagged or not.
If the Policy is defined for the PO Site for that user, it will validate the Site Currency Amount of the PO against the allowed amount setup in the Policy.
If the Policy is not defined for the PO Site, but defined as global (no Site tagged) for that user, it will validate the Base Currency Amount of the PO against the allowed amount setup in the Policy.
When there is no Policy defined for the specific PO Type either as Site specific or global it is considered to be Policy free.
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When Multi-currency is enabled the 'Currency Tagged in PO policy' is assumed to be the 'Site Currency' on the PO. Therefore the amount in the PO Policy record is always compared with PO amount. |
Shown above is a sample of PO Policies Dialog Box. Let's interpret and understand the SIX rules defined above.
For PO type 'Inventory' raised from any site:
If PO amount is 'Greater Than' 500 and up to 2499, in Base Currency or in Site Currency (if Multi-currency is enabled), it has to be approved by Sara or Jefferson.
If PO amount is 'Greater Than' 2500 and up to 4999, in Base Currency or in Site Currency (if Multi-currency is enabled), it can be approved by anyone.
if PO amount is 'Greater Than' 5000 and up to 10999, in Base Currency or in Site Currency (if Multi-currency is enabled), it has to be approved by Raham.
if PO amount is 'Greater Than' 11000 and up to 20999, in Base Currency or in Site Currency (if Multi-currency is enabled), it has to be approved by Divya07.
if PO amount is 'Greater Than' 21000 and up to 49999, in Base Currency or in Site Currency (if Multi-currency is enabled), it has to be approved by Varunishg.
if PO amount is 'Greater Than' 50000, in Base Currency or in Site Currency (if Multi-currency is enabled), it has to be approved by Ganesh.