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Status Future consideration
Workspace IBM MAS - Manage (Base)
Categories Supply Chain
Created by Guest
Created on Mar 31, 2021

RELATED IDEAS

Maximo Exchange Rates when Receiving good with different currency

See this idea on ideas.ibm.com

Maximo is setup currently with Base Currency of CAD and a secondary currency of USD. We have a daily exchange rate that is loaded into Maximo through integration. Based on the following IBM technote https://www.ibm.com/support/pages/which-date-exchange-rate-based Our issue is when receiving which is described in bullet #2 "When a PO line is received, the exchange rate will be decided based on the transaction date (TRANSDATE), not the actual date (ACTUALDATE)."

Why is it using TRANSDATE and not ACTUALDATE? The reason for this is that the Item, Material or Service that is being received may have physically received 2 weeks prior but is now being entered into the Maximo system. The users would then populate/update the ACTUALDATE field to indicate when it was received. This is the date that should be used when determining the Exchange rate in order to properly calculate Gains and losses when the Invoice is done. There could be a wide enough margin of difference in the exchange rate from when the item is received which is then the client assumes possession of the materials, inventory or services. As such we feel that Maximo is not working correctly and a change needs to be made.

Idea priority Urgent
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