IEMSuite

Sales & business operations

Currencies & exchange rates

Keep yesterday’s order in yesterday’s context.

Keep reference rates consistent across your orders.

For order administrators and finance teams

Discuss your workflowSee it in a working day ↓
Example workflow Illustrative records

An order keeps its historical reference

09:00 · Order placedUse an eligible historical rate
15:00 · Later rate recordedNot substituted into the earlier order
Manual overridePreserved for its date

A working day · example scenario

A new rate arrives after the order was placed.

An order in a foreign currency needs a consistent reporting basis. Applying a later rate without explanation makes an older order harder to interpret, while overwriting a manually chosen rate removes the team’s decision.

  1. Choose how reference rates are maintained

    Enable automatic rates for the organization to fetch supported currencies through Frankfurter, or keep automatic updates disabled when you manage rates yourself.

  2. Preserve an intentional manual rate

    Enter a manual rate when required. The automatic update respects an existing manual rate for that date instead of silently replacing it.

  3. Review an order with its historical context

    Order-time conversion uses eligible historical rates rather than a rate recorded later. The source helps explain the reference behind the displayed conversion.

What you leave with

An order conversion that can be explained by its timing and recorded rate source.

Why we connect
these records.

We treat exchange rates as dated records because an order is a historical event. Automatic updates should reduce maintenance without erasing deliberate overrides or rewriting the context of an earlier transaction.

Explore costs and order margins →

Inside the workflow

Automatic reference rates

Fetch supported currency rates automatically with Frankfurter.

Manual overrides

Keep a manually entered rate when the automatic update runs for that date.

Historical conversion

Use eligible historical rates for order-time conversion instead of silently applying a later rate.

Organization control

Enable or disable automatic rates in currency settings.

Before you bring
it to your team.

Will automatic rates replace my manual rate?

An existing manual rate for the date is preserved when the automatic job runs. Automatic rates can also be disabled for the organization.

Are these the rates my bank will settle at?

No. They are reference rates for reporting, not bank settlement quotes. Frankfurter supports automatic fetching; TCMB requires separate configuration.

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