In Business Central manage your foreign currency risk exposure: DycoTrade’s Forex, Futures & Hedging
DycoTrade has developed an advanced Forex, Futures & Hedging (FF&H) application to optimize international business operations, providing superior financial risk management within Dynamics 365 F&SCM.
International businesses often face challenges with managing foreign currency exchange rates. To mitigate the risk of fluctuating exchange rates between the order and payment dates, organizations use Forex contracts. DycoTrade’s Forex module registers these contracts, which can be allocated to purchase or sales orders, reducing foreign currency exchange rate risk. Lump sum hedging, without linking a Forex contract to a specific order, is also possible.
The module includes FX functionality, or Foreign Exchange functionality. Transactions in non-company currencies may result in undesirable exchange rate differences. To prevent or neutralize this, it is possible in Microsoft Dynamics 365 Business Central to record FX Contracts.
FX Contracts allow users to record buying/selling currencies in the future at a fixed or pre-defined rate. They can be allocated to physical sales and purchase order lines, and the rates from the FX Contracts can be used for postings on these orders.
The Business Central FX solution is distributed under the Companial Embed label by Companial, licensed MS Distributor.
Click here to find the app on the Microsoft Appsource.
