Currency Management

In its core the web2expense TE (w2e TE) currency conversion engine uses daily currency rates uploaded from European Central Bank. When a user spends money in a foreign currency and enters the transaction amount in that currency, w2e TE converts the amount into the expense report currency automatically.

Users also have the ability to override the default currency rate and enter their own. When a user enters a new currency rate the system keeps track of that currency rate for auditing purposes.

Companies can adjust their user’s currency dropdowns by adjusting the geographies that they do business in.

If you have any questions regarding Currency Management module of w2e TE feel free to contact us at 1-866-WEB2EXPENSE.