What It Does
Capabilities & Features
The Prolecto Foreign Currency Transaction Converter is a set of utilities designed to assist situations where you are working with foreign currency invoices and vendor bills but seek to produce cash receipts and cash disbursements either with base currency or with other foreign currencies. The software algorithms leverage bank clearing account concepts.
Why It Matters
Business Value
Clients may transact in one currency but need to accept or produce payments in another currency. The application provides a mechanism for control records and transactions to confirm proper accounting and thus reporting. The tool is offered without transaction or recurring license charges.