Multiple Currencies

ITM Platform supports multiple currencies, allowing you to plan and manage expenses and income in different currencies within your environment. The system considers the exchange rates between each currency and the base currency, ensuring that budgets can always be displayed in the base currency, even if transactions are recorded in other currencies.

Currency Selection and Conversion

All amount fields let you choose the currency in which the value is expressed, defaulting to the base currency. ITM Platform automatically converts amounts to the base currency using the predefined exchange rates.

Note: The base currency is set when creating your ITM Platform environment and cannot be changed.

Managing Currencies

You can define the currencies available in your environment through the Organization menu, under Cost Management > Multicurrency:

After adding currencies, you can set exchange rates between each currency and the base currency, effective from a specific date:

Updating Exchange Rates

In the Exchange tab, select a currency by clicking its name to update and adjust its exchange rate relative to the base currency.