Currency Initialization

Currency Initialization (CRI) allows you to adapt your organization’s currency system to changing needs for the internally used currencies. For example, currency changes can be required as a result of:

• The need to report in more than one currency.
• The need to change calculating reporting-currency amounts via the local instead of via the reference currency (as of Infor LN FP5).
• The need to change the reference currency because of subsidiary obligations on reporting to the holding company.
• The introduction of the euro.